First New York in New York vs the state
13.6%Denial rate-6.11 pts vs state
16.0%Decision denial rate-8.01 pts vs state
71.3%Origination rate+11.67 pts vs state
5.49%Median rate-1.13 pts vs state
-0.33Rate spread (pts)-0.54 pts vs state
$112kMedian applicant income
486Loans originated
93Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 571 | 430 | 9.3% | 6.63% | #105 |
| 2024 | 677 | 473 | 11.4% | 5.88% | #102 |
| 2025 | 682 | 486 | 13.6% | 5.49% | #113 |
What First New York lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most First New York applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Schenectady County | 176 | 131 | 20 | 11.4% |
| Saratoga County | 162 | 124 | 16 | 9.9% |
| Albany County | 147 | 97 | 28 | 19.0% |
| Schoharie County | 62 | 48 | 6 | 9.7% |
| Rensselaer County | 57 | 37 | 6 | 10.5% |
| Montgomery County | 24 | 16 | 5 | 20.8% |
| Fulton County | 11 | 9 | 0 | 0.0% |
| Columbia County | 10 | 7 | 3 | 30.0% |
| Washington County | 9 | 5 | 3 | 33.3% |
| Warren County | 7 | 3 | 2 | 28.6% |
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: 682 applications in 2025, of which 486 were originated and 93 denied.
13.6% of all applications, or 16.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans First New York originated in New York in 2025 was 5.49%, against a statewide median of 6.63%.
About this data. Figures are First New York'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