Discover Bank · New York · 2025

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

Discover Bank took 3,894 mortgage applications in New York in 2025, ranking #22 of 750 lenders active in the state. It originated 12.0% of them and denied 57.3% (82.0% of the applications it decided), against a statewide denial rate of 19.8%.

3.9kApplicationsin NY
82.0%Decision denial ratestate 24.0%
8.65%Median ratestate 6.63%
$75,000Median loanstate $235,000
$47MVolume62 counties

Discover Bank in New York vs the state

57.3%Denial rate+37.52 pts vs state
82.0%Decision denial rate+57.92 pts vs state
12.0%Origination rate-47.60 pts vs state
8.65%Median rate+2.03 pts vs state
2.03Rate spread (pts)+1.82 pts vs state
$120kMedian applicant income
467Loans originated
2,230Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202310,3471,14048.6%8.74%#7
202411,1031,47353.7%8.61%#7
20253,89446757.3%8.65%#22

What Discover Bank lends in New York

By loan purpose

Home purchase 266 7% · 50.8% denied
Refinance 629 16% · 58.5% denied
Home improvement 1,177 30% · 50.9% denied
Other / HELOC 1,822 47% · 61.9% denied

By loan type

Conventional 3,894 100% · 57.3% denied

Why it denied New York applicants

Credit history 1,078 48%
Debt-to-income ratio 436 20%
Incomplete application 286 13%
Other 215 10%
Collateral 196 9%
Unverifiable information 16 1%
Employment history 3 0%

Where in New York

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Suffolk County 68597380 55.5%
Nassau County 47449290 61.2%
Erie County 27335142 52.0%
Queens County 25920166 64.1%
Westchester County 21724126 58.1%
Monroe County 1581687 55.1%
Orange County 1512277 51.0%
Richmond County 1342173 54.5%
Kings County 131993 71.0%
Rockland County 1041656 53.8%

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: 3,894 applications in 2025, of which 467 were originated and 2,230 denied.

57.3% of all applications, or 82.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Discover Bank originated in New York in 2025 was 8.65%, against a statewide median of 6.63%.

About this data. Figures are Discover 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