Citibank · New York · 2025

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

Citibank took 7,735 mortgage applications in New York in 2025, ranking #12 of 750 lenders active in the state. It originated 47.7% of them and denied 17.3% (26.0% of the applications it decided), against a statewide denial rate of 19.8%.

7.7kApplicationsin NY
26.0%Decision denial ratestate 24.0%
6.13%Median ratestate 6.63%
$355,000Median loanstate $235,000
$3.3BVolume50 counties

Citibank in New York vs the state

17.3%Denial rate-2.45 pts vs state
26.0%Decision denial rate+1.96 pts vs state
47.7%Origination rate-11.92 pts vs state
6.13%Median rate-0.50 pts vs state
-0.19Rate spread (pts)-0.40 pts vs state
$183kMedian applicant income
3,687Loans originated
1,338Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235,2183,4557.2%5.63%#17
20247,5723,46817.2%6.38%#11
20257,7353,68717.3%6.13%#12

What Citibank lends in New York

By loan purpose

Home purchase 3,804 49% · 9.1% denied
Refinance 428 6% · 7.2% denied
Cash-out refinance 541 7% · 19.2% denied
Home improvement 1,543 20% · 31.5% denied
Other / HELOC 1,419 18% · 26.2% denied

By loan type

Conventional 7,698 100% · 17.3% denied
FHA 30 0% · 26.7% denied
VA 7 0% · 14.3% denied

Why it denied New York applicants

Debt-to-income ratio 678 51%
Credit history 259 19%
Collateral 241 18%
Other 81 6%
Unverifiable information 53 4%
Employment history 13 1%
Insufficient cash 12 1%
Mortgage insurance denied 1 0%

Where in New York

Counties with the most Citibank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New York County 1,371823141 10.3%
Kings County 1,162618169 14.5%
Queens County 1,135441239 21.1%
Nassau County 1,026464185 18.0%
Westchester County 1,016507164 16.1%
Suffolk County 904415167 18.5%
Bronx County 365117102 27.9%
Richmond County 30411175 24.7%
Rockland County 833618 21.7%
Orange County 481314 29.2%

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: 7,735 applications in 2025, of which 3,687 were originated and 1,338 denied.

17.3% of all applications, or 26.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Citibank originated in New York in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are Citibank'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