First Credit Corporation of New York at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
1st70.7% deniedPricingmedian rate spread over APOR, weight 30%
1st2.02 ptsProcesswithdrawn + incomplete share, weight 15%
93rd6.4%Closing coststotal loan costs ÷ loan amount, weight 10%
54th2.18% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,915 | 262 | 71.1% | 79.5% | 7.49% | $27M |
| 2024 | 1,717 | 0 | 77.6% | 82.7% | — | $0 |
| 2025 | 1,468 | 134 | 66.2% | 70.7% | 7.87% | $14M |
What First Credit Corporation of New York lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1,468 manufactured homes, 0 investment properties.
Why First Credit Corporation of New York denies applications
Primary reason reported for each of the 972 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First Credit Corporation of New York
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 535 | 18 | 88.5% |
| $50k – $100k | 700 | 67 | 65.6% |
| $100k – $150k | 149 | 21 | 52.8% |
| $150k – $250k | 60 | 24 | 25.9% |
| Over $250k | 20 | 4 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 118 | 3 | 81.4% |
| 25–34 | 280 | 15 | 79.6% |
| 35–44 | 250 | 12 | 83.2% |
| 45–54 | 219 | 15 | 74.9% |
| 55–64 | 301 | 44 | 57.5% |
| 65–74 | 220 | 36 | 54.1% |
| Over 74 | 80 | 9 | 66.2% |
Where First Credit Corporation of New York lends
15 states and 157 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 374 | 28 | 65.0% | 7.99% | #203 |
| New Jersey | 347 | 28 | 69.7% | 7.99% | #148 |
| New York | 342 | 38 | 62.3% | 7.99% | #167 |
| Florida | 134 | 12 | 71.6% | 7.62% | #436 |
| Connecticut | 78 | 16 | 42.3% | 7.37% | #195 |
| South Carolina | 50 | 5 | 74.0% | 7.74% | #340 |
| Delaware | 28 | 3 | 57.1% | 7.99% | #160 |
| Arizona | 26 | 0 | 88.5% | — | #394 |
| North Carolina | 24 | 1 | 83.3% | 7.74% | #493 |
| Colorado | 16 | 1 | 93.8% | 7.49% | #444 |
| Georgia | 16 | 1 | 75.0% | 7.99% | #595 |
| Maryland | 16 | 0 | 56.3% | — | #428 |
| Massachusetts | 10 | 1 | 70.0% | 8.24% | #461 |
| Texas | 6 | 0 | 83.3% | — | #1,054 |
Frequently asked questions
First Credit Corporation of New York denied 70.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of mid-size mortgage lenders.
The most common reason First Credit Corporation of New York gave in 2025 was "debt-to-income ratio", cited on 61.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans First Credit Corporation of New York originated in 2025 was 7.87%, and its median rate spread over the average prime offer rate was 2.02 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 99% of its applications were for home purchases, 1% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.