Finance of America Reverse in New York vs the state
10.0%Denial rate-9.71 pts vs state
12.6%Decision denial rate-11.42 pts vs state
68.4%Origination rate+8.81 pts vs state
6.50%Median rate-0.13 pts vs state
—Rate spread (pts)
$33kMedian applicant income
368Loans originated
54Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 608 | 422 | 7.6% | 7.73% | #102 |
| 2024 | 526 | 371 | 8.8% | 7.31% | #116 |
| 2025 | 538 | 368 | 10.0% | 6.50% | #130 |
What Finance of America Reverse lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 124 | 91 | 12 | 9.7% |
| Nassau County | 95 | 68 | 6 | 6.3% |
| Queens County | 72 | 56 | 2 | 2.8% |
| Kings County | 45 | 27 | 6 | 13.3% |
| Westchester County | 33 | 20 | 4 | 12.1% |
| Bronx County | 18 | 11 | 3 | 16.7% |
| Erie County | 18 | 10 | 3 | 16.7% |
| Richmond County | 18 | 15 | 1 | 5.6% |
| Orange County | 13 | 10 | 2 | 15.4% |
| Dutchess County | 8 | 3 | 1 | 12.5% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 538 applications in 2025, of which 368 were originated and 54 denied.
10.0% of all applications, or 12.6% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Finance of America Reverse originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Finance of America Reverse'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