Amalgamated Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
82nd3.3% deniedPricingmedian rate spread over APOR, weight 30%
85th-0.06 ptsProcesswithdrawn + incomplete share, weight 15%
16th21.2%Closing coststotal loan costs ÷ loan amount, weight 10%
73rd1.32% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 396 | 289 | 6.3% | 7.8% | 6.00% | $335M |
| 2024 | 311 | 227 | 5.1% | 6.4% | 6.63% | $332M |
| 2025 | 382 | 287 | 2.6% | 3.3% | 6.25% | $504M |
What Amalgamated Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 69 investment properties.
Why Amalgamated Bank denies applications
Primary reason reported for each of the 10 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Amalgamated Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 99 | 77 | 4.9% |
| $100k – $150k | 105 | 77 | 2.5% |
| $150k – $250k | 60 | 49 | 5.8% |
| Over $250k | 48 | 32 | 2.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 87 | 67 | 2.9% |
| 35–44 | 115 | 88 | 4.3% |
| 45–54 | 61 | 44 | 2.2% |
| 55–64 | 34 | 23 | 4.0% |
Where Amalgamated Bank lends
25 states and 74 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 286 | 223 | 3.2% | 6.25% | #181 |
| California | 19 | 11 | 0.0% | 6.49% | #651 |
| New Jersey | 19 | 12 | 0.0% | 6.00% | #456 |
| Connecticut | 6 | 5 | 0.0% | 6.29% | #426 |
| District of Columbia | 6 | 5 | 0.0% | 5.70% | #230 |
| Massachusetts | 5 | 4 | 0.0% | 5.81% | #521 |
| Pennsylvania | 5 | 2 | 0.0% | 6.44% | #788 |
Frequently asked questions
Amalgamated Bank denied 3.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of small mortgage lenders.
The most common reason Amalgamated Bank gave in 2025 was "debt-to-income ratio", cited on 70.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Amalgamated Bank originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was -0.06 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 78% of its applications were for home purchases, 21% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.