Foundation Mortgage in New York vs the state
24.7%Denial rate+4.93 pts vs state
25.9%Decision denial rate+1.81 pts vs state
38.3%Origination rate-21.28 pts vs state
7.50%Median rate+0.88 pts vs state
0.00Rate spread (pts)-0.21 pts vs state
$13kMedian applicant income
59Loans originated
38Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 66 | 42 | 7.6% | 8.50% | #305 |
| 2024 | 203 | 88 | 32.0% | 7.88% | #204 |
| 2025 | 154 | 59 | 24.7% | 7.50% | #231 |
What Foundation Mortgage lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kings County | 39 | 10 | 15 | 38.5% |
| Suffolk County | 23 | 9 | 6 | 26.1% |
| Queens County | 21 | 6 | 7 | 33.3% |
| Nassau County | 18 | 8 | 2 | 11.1% |
| Broome County | 13 | 6 | 2 | 15.4% |
| New York County | 9 | 6 | 0 | 0.0% |
| Bronx County | 9 | 3 | 1 | 11.1% |
| Erie County | 2 | 1 | 1 | 50.0% |
| Orange County | 2 | 1 | 1 | 50.0% |
| Chenango County | 2 | 1 | 0 | 0.0% |
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: 154 applications in 2025, of which 59 were originated and 38 denied.
24.7% of all applications, or 25.9% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Foundation Mortgage originated in New York in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Foundation Mortgage'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