BMO Bank in New York vs the state
30.2%Denial rate+10.44 pts vs state
38.1%Decision denial rate+14.06 pts vs state
49.1%Origination rate-10.53 pts vs state
5.38%Median rate-1.25 pts vs state
-0.36Rate spread (pts)-0.57 pts vs state
$825kMedian applicant income
26Loans originated
16Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 39 | 22 | 20.5% | 5.88% | #341 |
| 2024 | 64 | 28 | 34.4% | 6.13% | #305 |
| 2025 | 53 | 26 | 30.2% | 5.38% | #329 |
What BMO Bank lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| New York County | 23 | 14 | 3 | 13.0% |
| Suffolk County | 10 | 4 | 4 | 40.0% |
| Kings County | 6 | 2 | 3 | 50.0% |
| Queens County | 3 | 2 | 1 | 33.3% |
| Westchester County | 3 | 3 | 0 | 0.0% |
| Jefferson County | 2 | 0 | 2 | 100.0% |
| Nassau County | 1 | 1 | 0 | 0.0% |
| Rensselaer County | 1 | 0 | 1 | 100.0% |
| Dutchess County | 1 | 0 | 1 | 100.0% |
| Broome County | 1 | 0 | 0 | 0.0% |
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% |
| Bank of America | F | 10,193 | 35.7% | 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% |
Frequently asked questions
New York: 53 applications in 2025, of which 26 were originated and 16 denied.
30.2% of all applications, or 38.1% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans BMO Bank originated in New York in 2025 was 5.38%, against a statewide median of 6.63%.
About this data. Figures are BMO Bank'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