First Source in New York vs the state
14.2%Denial rate-5.59 pts vs state
15.4%Decision denial rate-8.62 pts vs state
74.8%Origination rate+15.25 pts vs state
6.74%Median rate+0.12 pts vs state
1.18Rate spread (pts)+0.97 pts vs state
$92kMedian applicant income
946Loans originated
179Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,243 | 986 | 8.1% | 6.24% | #63 |
| 2024 | 1,262 | 948 | 13.7% | 6.74% | #58 |
| 2025 | 1,264 | 946 | 14.2% | 6.74% | #69 |
What First Source 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 Source applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oneida County | 866 | 646 | 120 | 13.9% |
| Herkimer County | 313 | 235 | 48 | 15.3% |
| Madison County | 34 | 26 | 6 | 17.6% |
| Onondaga County | 9 | 7 | 0 | 0.0% |
| Fulton County | 9 | 4 | 3 | 33.3% |
| Otsego County | 9 | 9 | 0 | 0.0% |
| Hamilton County | 5 | 5 | 0 | 0.0% |
| Lewis County | 4 | 3 | 0 | 0.0% |
| Montgomery County | 4 | 4 | 0 | 0.0% |
| Rensselaer County | 3 | 2 | 1 | 33.3% |
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: 1,264 applications in 2025, of which 946 were originated and 179 denied.
14.2% of all applications, or 15.4% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans First Source originated in New York in 2025 was 6.74%, against a statewide median of 6.63%.
About this data. Figures are First Source'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