Champions Funding · New York · 2025

Champions Funding in New York: approval rate, denial rate and rates (2025)

Champions Funding took 1,445 mortgage applications in New York in 2025, ranking #58 of 750 lenders active in the state. It originated 65.7% of them and denied 15.6% (19.2% of the applications it decided), against a statewide denial rate of 19.8%.

1.4kApplicationsin NY
19.2%Decision denial ratestate 24.0%
7.50%Median ratestate 6.63%
$525,000Median loanstate $235,000
$555MVolume43 counties

Champions Funding in New York vs the state

15.6%Denial rate-4.11 pts vs state
19.2%Decision denial rate-4.85 pts vs state
65.7%Origination rate+6.15 pts vs state
7.50%Median rate+0.88 pts vs state
Rate spread (pts)
$514kMedian applicant income
950Loans originated
226Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235180.0%8.13%#514
202422812926.3%7.75%#192
20251,44595015.6%7.50%#58

What Champions Funding lends in New York

By loan purpose

Home purchase 654 45% · 13.9% denied
Refinance 135 9% · 21.5% denied
Cash-out refinance 656 45% · 16.2% denied

By loan type

Conventional 1,445 100% · 15.6% denied

Why it denied New York applicants

Incomplete application 124 55%
Other 61 27%
Collateral 27 12%
Credit history 6 3%
Unverifiable information 4 2%
Insufficient cash 3 1%
Debt-to-income ratio 1 0%

Where in New York

Counties with the most Champions Funding applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kings County 19410843 22.2%
Suffolk County 18613024 12.9%
Queens County 1388427 19.6%
Orange County 1238114 11.4%
Rockland County 106809 8.5%
Nassau County 1056717 16.2%
Westchester County 946414 14.9%
Sullivan County 83616 7.2%
Bronx County 824720 24.4%
Erie County 36256 16.7%

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: 1,445 applications in 2025, of which 950 were originated and 226 denied.

15.6% of all applications, or 19.2% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Champions Funding originated in New York in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Champions Funding'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