First National Bank of Scotia · New York · 2025

First National Bank of Scotia in New York: approval rate, denial rate and rates (2025)

First National Bank of Scotia took 176 mortgage applications in New York in 2025, ranking #219 of 750 lenders active in the state. It originated 77.3% of them and denied 12.5% (13.8% of the applications it decided), against a statewide denial rate of 19.8%.

176Applicationsin NY
13.8%Decision denial ratestate 24.0%
Median ratestate 6.63%
$220,000Median loanstate $235,000
$38MVolume11 counties

First National Bank of Scotia in New York vs the state

12.5%Denial rate-7.25 pts vs state
13.8%Decision denial rate-10.20 pts vs state
77.3%Origination rate+17.68 pts vs state
Median rate
Rate spread (pts)
$117kMedian applicant income
136Loans originated
22Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231621328.6%#219
20241761429.7%#211
202517613612.5%#219

What First National Bank of Scotia lends in New York

By loan purpose

Home purchase 97 55% · 1.0% denied
Refinance 38 22% · 21.1% denied
Cash-out refinance 1 1% · 0.0% denied
Home improvement 28 16% · 35.7% denied
Other / HELOC 12 7% · 25.0% denied

By loan type

Conventional 176 100% · 12.5% denied

Why it denied New York applicants

Credit history 12 55%
Debt-to-income ratio 6 27%
Other 2 9%
Insufficient cash 2 9%

Where in New York

Counties with the most First National Bank of Scotia applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Schenectady County 886513 14.8%
Saratoga County 36313 8.3%
Albany County 24202 8.3%
Rensselaer County 843 37.5%
Montgomery County 541 20.0%
Washington County 530 0.0%
Fulton County 430 0.0%
Warren County 330 0.0%
Schoharie County 110 0.0%
Hamilton 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: 176 applications in 2025, of which 136 were originated and 22 denied.

12.5% of all applications, or 13.8% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First National Bank of Scotia'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