Citizens Bank · New York · 2025

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

Citizens Bank took 20,315 mortgage applications in New York in 2025, ranking #1 of 750 lenders active in the state. It originated 54.2% of them and denied 32.7% (36.9% of the applications it decided), against a statewide denial rate of 19.8%.

20kApplicationsin NY
36.9%Decision denial ratestate 24.0%
7.97%Median ratestate 6.63%
$205,000Median loanstate $235,000
$4.9BVolume62 counties

Citizens Bank in New York vs the state

32.7%Denial rate+12.93 pts vs state
36.9%Decision denial rate+12.88 pts vs state
54.2%Origination rate-5.44 pts vs state
7.97%Median rate+1.34 pts vs state
0.85Rate spread (pts)+0.64 pts vs state
$138kMedian applicant income
11,000Loans originated
6,639Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202319,1389,21140.7%8.50%#1
202416,5598,68935.0%9.15%#1
202520,31511,00032.7%7.97%#1

What Citizens Bank lends in New York

By loan purpose

Home purchase 4,297 21% · 15.5% denied
Refinance 4,924 24% · 28.4% denied
Cash-out refinance 577 3% · 18.2% denied
Home improvement 5,848 29% · 41.9% denied
Other / HELOC 4,669 23% · 43.3% denied

By loan type

Conventional 20,115 99% · 32.8% denied
FHA 170 1% · 21.2% denied
VA 30 0% · 10.0% denied

Why it denied New York applicants

Debt-to-income ratio 3,766 57%
Collateral 1,493 22%
Credit history 823 12%
Other 341 5%
Unverifiable information 120 2%
Employment history 57 1%
Insufficient cash 35 1%
Incomplete application 4 0%

Where in New York

Counties with the most Citizens Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kings County 2,4071,191921 38.3%
Erie County 2,1141,259576 27.2%
Nassau County 2,0941,181655 31.3%
Suffolk County 2,0301,202605 29.8%
Queens County 1,692729760 44.9%
Westchester County 1,489898415 27.9%
Monroe County 1,169647341 29.2%
New York County 1,153698237 20.6%
Richmond County 553282211 38.2%
Orange County 515279170 33.0%

Other large lenders in New York

LenderGradeApplicationsDenial rateMedian rate
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%
Crosscountry MortgageB 7,7925.5%6.75%

Frequently asked questions

New York: 20,315 applications in 2025, of which 11,000 were originated and 6,639 denied.

32.7% of all applications, or 36.9% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Citizens Bank originated in New York in 2025 was 7.97%, against a statewide median of 6.63%.

About this data. Figures are Citizens 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