Fairway Independent Mortgage · New York · 2025

Fairway Independent Mortgage in New York: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 1,013 mortgage applications in New York in 2025, ranking #91 of 750 lenders active in the state. It originated 73.9% of them and denied 6.7% (8.3% of the applications it decided), against a statewide denial rate of 19.8%.

1.0kApplicationsin NY
8.3%Decision denial ratestate 24.0%
6.63%Median ratestate 6.63%
$325,000Median loanstate $235,000
$301MVolume50 counties

Fairway Independent Mortgage in New York vs the state

6.7%Denial rate-13.04 pts vs state
8.3%Decision denial rate-15.76 pts vs state
73.9%Origination rate+14.35 pts vs state
6.63%Median rate0.00 pts vs state
0.33Rate spread (pts)+0.12 pts vs state
$140kMedian applicant income
749Loans originated
68Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,6321,24810.3%6.75%#48
20241,0618147.8%6.75%#79
20251,0137496.7%6.63%#91

What Fairway Independent Mortgage lends in New York

By loan purpose

Home purchase 807 80% · 5.2% denied
Refinance 36 4% · 13.9% denied
Cash-out refinance 89 9% · 13.5% denied
Home improvement 26 3% · 3.9% denied
Other / HELOC 55 5% · 14.6% denied

By loan type

Conventional 824 81% · 4.3% denied
FHA 165 16% · 18.8% denied
VA 20 2% · 10.0% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied New York applicants

Debt-to-income ratio 18 26%
Credit history 16 24%
Collateral 10 15%
Unverifiable information 8 12%
Incomplete application 5 7%
Other 5 7%
Insufficient cash 4 6%
Employment history 2 3%

Where in New York

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Nassau County 1901408 4.2%
Suffolk County 18414812 6.5%
Monroe County 1611473 1.9%
Saratoga County 62426 9.7%
Albany County 56346 10.7%
Westchester County 34311 2.9%
Schenectady County 31175 16.1%
Erie County 29232 6.9%
Rensselaer County 28152 7.1%
Queens County 25105 20.0%

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: 1,013 applications in 2025, of which 749 were originated and 68 denied.

6.7% of all applications, or 8.3% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Fairway Independent Mortgage originated in New York in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Fairway Independent Mortgage'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