Home Town Funding · New York · 2025

Home Town Funding in New York: approval rate, denial rate and rates (2025)

Home Town Funding took 1,193 mortgage applications in New York in 2025, ranking #77 of 750 lenders active in the state. It originated 89.0% of them and denied 2.3% (2.4% of the applications it decided), against a statewide denial rate of 19.8%.

1.2kApplicationsin NY
2.4%Decision denial ratestate 24.0%
6.75%Median ratestate 6.63%
$225,000Median loanstate $235,000
$298MVolume30 counties

Home Town Funding in New York vs the state

2.3%Denial rate-17.49 pts vs state
2.4%Decision denial rate-21.65 pts vs state
89.0%Origination rate+29.43 pts vs state
6.75%Median rate+0.13 pts vs state
0.31Rate spread (pts)+0.10 pts vs state
$111kMedian applicant income
1,062Loans originated
27Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,1169833.8%6.75%#70
20241,1741,0512.7%7.00%#67
20251,1931,0622.3%6.75%#77

What Home Town Funding lends in New York

By loan purpose

Home purchase 828 69% · 2.1% denied
Refinance 74 6% · 5.4% denied
Cash-out refinance 291 24% · 2.1% denied

By loan type

Conventional 1,155 97% · 2.1% denied
FHA 33 3% · 6.1% denied
VA 5 0% · 20.0% denied

Why it denied New York applicants

Debt-to-income ratio 12 44%
Collateral 7 26%
Other 5 19%
Credit history 1 4%
Insufficient cash 1 4%
Employment history 1 4%

Where in New York

Counties with the most Home Town Funding applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Monroe County 71863714 1.9%
Ontario County 1631493 1.8%
Wayne County 64573 4.7%
Yates County 50441 2.0%
Livingston County 37360 0.0%
Steuben County 28232 7.1%
Orleans County 22181 4.5%
Onondaga County 19180 0.0%
Erie County 16150 0.0%
Genesee County 12111 8.3%

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: 1,193 applications in 2025, of which 1,062 were originated and 27 denied.

2.3% of all applications, or 2.4% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Home Town Funding originated in New York in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Home Town Funding'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