Heritage Financial Credit Union · New York · 2025

Heritage Financial Credit Union in New York: approval rate, denial rate and rates (2025)

Heritage Financial Credit Union took 399 mortgage applications in New York in 2025, ranking #152 of 750 lenders active in the state. It originated 88.0% of them and denied 12.0% (12.0% of the applications it decided), against a statewide denial rate of 19.8%.

399Applicationsin NY
12.0%Decision denial ratestate 24.0%
7.00%Median ratestate 6.63%
$115,000Median loanstate $235,000
$68MVolume16 counties

Heritage Financial Credit Union in New York vs the state

12.0%Denial rate-7.72 pts vs state
12.0%Decision denial rate-12.01 pts vs state
88.0%Origination rate+28.38 pts vs state
7.00%Median rate+0.38 pts vs state
0.32Rate spread (pts)+0.11 pts vs state
$134kMedian applicant income
351Loans originated
48Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235274936.5%7.50%#110
202451545012.6%7.50%#117
202539935112.0%7.00%#152

What Heritage Financial Credit Union lends in New York

By loan purpose

Home purchase 95 24% · 1.1% denied
Refinance 5 1% · 0.0% denied
Cash-out refinance 22 6% · 0.0% denied
Home improvement 277 69% · 17.0% denied

By loan type

Conventional 399 100% · 12.0% denied

Why it denied New York applicants

Debt-to-income ratio 23 48%
Credit history 19 40%
Collateral 5 10%
Other 1 2%

Where in New York

Counties with the most Heritage Financial Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Orange County 26423331 11.7%
Ulster County 50455 10.0%
Dutchess County 30273 10.0%
Sullivan County 27216 22.2%
Rockland County 871 12.5%
Albany County 541 20.0%
Putnam County 330 0.0%
Westchester County 330 0.0%
Columbia County 211 50.0%
Greene 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: 399 applications in 2025, of which 351 were originated and 48 denied.

12.0% of all applications, or 12.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Heritage Financial Credit Union originated in New York in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are Heritage Financial Credit Union'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