Applications / Mortgage Analytics / Lenders / New York / OwnersChoice Funding
Albany, NY · Independent non-bank lender · CFPB · 75 loans in 2025
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75
loans originated, 2025
122
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
OwnersChoice Funding, an Albany lender that has reported since 1993, lends to borrowers of modest means far more than similar lenders, though it makes a sliver of the loans it once did.
Some 44.0% of its borrowers had low or moderate incomes, against 19.1% at similar lenders, meaning independent non-bank lenders making between half and twice as many loans. That is higher than more than nine in ten of them. Its typical loan, $145,000, was about half the $285,000 at the typical peer. Every loan was conventional, while peers had 11.9% insured by the Federal Housing Administration.
It made 1,543 loans in 2020 and 1,012 in 2021, then just 27 in 2022 and 14 in 2023. It has partly recovered, to 97 in 2024 and 75 in 2025. Last year's fall of 23% compares with a fall of 3% at peers. The record does not say why. It may have cut back its lending, or some of its loans may have been reported under another name.
It lends in two states and 10 metros. Buffalo is its largest market, where its share held at 0.2%, placing it 66 of 267 lenders behind United Wholesale Mortgage and M&T Bank. It has lent in Buffalo, Rochester and Utica-Rome since 1993.
None of its loans was higher-priced (a rate well above the average for similar loans), against 3.1% at peers. Its typical rate was 6.50%, against 6.62%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. OwnersChoice Funding took 122 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 68.0% · Refinance 32.0%
Conventional 100.0% · of 75 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 70 | 93.3% |
| Pennsylvania | 5 | 6.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Buffalo-Cheektowaga | 37 |
| Glens Falls | 3 |
| Rochester | 3 |
| Kiryas Joel-Poughkeepsie-Newburgh | 2 |
| Syracuse | 2 |
| Utica-Rome | 2 |
| Binghamton | 1 |
| Kingston | 1 |
| Nassau County-Suffolk County | 1 |
| Pittsburgh | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300W5V403XF1RX254 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3872226 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 77107600005 | 1993–2017 |
Established 16 January 1987. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: OwnersChoice Funding's data.
OwnersChoice Funding's data
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OwnersChoice Funding and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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