Bank of America in New York vs the state
35.7%Denial rate+15.91 pts vs state
47.8%Decision denial rate+23.75 pts vs state
38.2%Origination rate-21.36 pts vs state
5.99%Median rate-0.63 pts vs state
0.56Rate spread (pts)+0.35 pts vs state
$147kMedian applicant income
3,897Loans originated
3,635Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10,843 | 3,787 | 50.9% | 6.74% | #4 |
| 2024 | 9,850 | 3,483 | 39.1% | 6.85% | #8 |
| 2025 | 10,193 | 3,897 | 35.7% | 5.99% | #6 |
What Bank of America lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 1,492 | 563 | 526 | 35.3% |
| Nassau County | 1,330 | 502 | 437 | 32.9% |
| Westchester County | 1,017 | 521 | 239 | 23.5% |
| Queens County | 846 | 194 | 406 | 48.0% |
| Kings County | 824 | 288 | 328 | 39.8% |
| Erie County | 785 | 332 | 283 | 36.1% |
| New York County | 621 | 325 | 189 | 30.4% |
| Monroe County | 375 | 142 | 132 | 35.2% |
| Richmond County | 292 | 97 | 115 | 39.4% |
| Bronx County | 290 | 60 | 141 | 48.6% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
| Crosscountry Mortgage | B | 7,792 | 5.5% | 6.75% |
Frequently asked questions
New York: 10,193 applications in 2025, of which 3,897 were originated and 3,635 denied.
35.7% of all applications, or 47.8% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Bank of America originated in New York in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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