Hanover Community Bank in New York vs the state
11.3%Denial rate-8.46 pts vs state
13.1%Decision denial rate-10.91 pts vs state
73.5%Origination rate+13.92 pts vs state
6.38%Median rate-0.25 pts vs state
1.25Rate spread (pts)+1.04 pts vs state
$114kMedian applicant income
358Loans originated
55Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 492 | 332 | 14.0% | 7.00% | #114 |
| 2024 | 352 | 216 | 14.8% | 7.25% | #153 |
| 2025 | 487 | 358 | 11.3% | 6.38% | #136 |
What Hanover Community Bank lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Hanover Community Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Queens County | 193 | 137 | 26 | 13.5% |
| Kings County | 110 | 85 | 8 | 7.3% |
| Richmond County | 78 | 67 | 3 | 3.8% |
| Nassau County | 66 | 49 | 12 | 18.2% |
| Bronx County | 13 | 5 | 1 | 7.7% |
| Suffolk County | 13 | 7 | 1 | 7.7% |
| New York County | 8 | 5 | 1 | 12.5% |
| Orange County | 5 | 2 | 3 | 60.0% |
| Westchester County | 1 | 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: 487 applications in 2025, of which 358 were originated and 55 denied.
11.3% of all applications, or 13.1% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Hanover Community Bank originated in New York in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Hanover Community 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