1st Priority Mortgage · New York · 2025

1st Priority Mortgage in New York: approval rate, denial rate and rates (2025)

1st Priority Mortgage took 1,983 mortgage applications in New York in 2025, ranking #44 of 750 lenders active in the state. It originated 85.3% of them and denied 4.2% (4.7% of the applications it decided), against a statewide denial rate of 19.8%.

2.0kApplicationsin NY
4.7%Decision denial ratestate 24.0%
6.50%Median ratestate 6.63%
$245,000Median loanstate $235,000
$496MVolume57 counties

1st Priority Mortgage in New York vs the state

4.2%Denial rate-15.51 pts vs state
4.7%Decision denial rate-19.35 pts vs state
85.3%Origination rate+25.68 pts vs state
6.50%Median rate-0.13 pts vs state
0.17Rate spread (pts)-0.04 pts vs state
$109kMedian applicant income
1,691Loans originated
84Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,4421,2294.9%6.63%#52
20241,7031,4244.5%6.63%#43
20251,9831,6914.2%6.50%#44

What 1st Priority Mortgage lends in New York

By loan purpose

Home purchase 1,909 96% · 4.1% denied
Refinance 30 2% · 6.7% denied
Cash-out refinance 28 1% · 14.3% denied
Home improvement 5 0% · 0.0% denied
Other / HELOC 11 1% · 0.0% denied

By loan type

Conventional 1,651 83% · 3.3% denied
FHA 242 12% · 10.3% denied
VA 83 4% · 3.6% denied
USDA / RHS 7 0% · 14.3% denied

Why it denied New York applicants

Debt-to-income ratio 30 36%
Collateral 18 21%
Credit history 14 17%
Unverifiable information 6 7%
Employment history 5 6%
Insufficient cash 5 6%
Other 5 6%
Incomplete application 1 1%

Where in New York

Counties with the most 1st Priority Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Erie County 44940817 3.8%
Monroe County 2762479 3.3%
Niagara County 1251099 7.2%
Rockland County 113905 4.4%
Broome County 106865 4.7%
Orange County 100836 6.0%
Suffolk County 74642 2.7%
Onondaga County 70620 0.0%
Westchester County 63511 1.6%
Tompkins County 56440 0.0%

Other large lenders in New York

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 20,31532.7%7.97%
Rocket MortgageC 19,92422.0%6.88%
United Shore Financial ServicesB 14,77711.2%6.50%
JPMorgan Chase BankB 14,73511.7%6.38%
Manufacturers and Traders TrustC 12,33531.3%5.99%
Bank of AmericaF 10,19335.7%5.99%
Bethpage Federal Credit UnionC 9,73647.2%6.49%
TD BankD 9,23930.2%7.69%
NewrezD 8,65424.2%6.75%
ESL Federal Credit UnionB 7,81717.6%4.50%

Frequently asked questions

New York: 1,983 applications in 2025, of which 1,691 were originated and 84 denied.

4.2% of all applications, or 4.7% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans 1st Priority Mortgage originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are 1st Priority Mortgage's own HMDA filing for properties located in New York, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology