First Horizon Bank · New York · 2025

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

First Horizon Bank took 40 mortgage applications in New York in 2025, ranking #354 of 750 lenders active in the state. It originated 60.0% of them and denied 17.5% (21.9% of the applications it decided), against a statewide denial rate of 19.8%.

40Applicationsin NY
21.9%Decision denial ratestate 24.0%
6.50%Median ratestate 6.63%
$1,105,000Median loanstate $235,000
$29MVolume8 counties

First Horizon Bank in New York vs the state

17.5%Denial rate-2.25 pts vs state
21.9%Decision denial rate-2.16 pts vs state
60.0%Origination rate+0.41 pts vs state
6.50%Median rate-0.13 pts vs state
0.12Rate spread (pts)-0.09 pts vs state
$517kMedian applicant income
24Loans originated
7Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202317911313.4%5.63%#212
2024311532.3%7.80%#355
2025402417.5%6.50%#354

What First Horizon Bank lends in New York

By loan purpose

Home purchase 25 63% · 8.0% denied
Refinance 3 8% · 33.3% denied
Home improvement 6 15% · 50.0% denied
Other / HELOC 6 15% · 16.7% denied

By loan type

Conventional 40 100% · 17.5% denied

Why it denied New York applicants

Debt-to-income ratio 5 71%
Collateral 1 14%
Other 1 14%

Where in New York

Counties with the most First Horizon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New York County 1161 9.1%
Kings County 842 25.0%
Suffolk County 842 25.0%
Westchester County 541 20.0%
Nassau County 531 20.0%
Bronx County 110 0.0%
Clinton County 110 0.0%
Queens County 110 0.0%

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: 40 applications in 2025, of which 24 were originated and 7 denied.

17.5% of all applications, or 21.9% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans First Horizon Bank originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are First Horizon 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