Luxury Mortgage in New York vs the state
11.4%Denial rate-8.39 pts vs state
16.7%Decision denial rate-7.30 pts vs state
55.5%Origination rate-4.07 pts vs state
7.25%Median rate+0.63 pts vs state
0.79Rate spread (pts)+0.58 pts vs state
$438kMedian applicant income
176Loans originated
36Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 58 | 35 | 15.5% | 8.00% | #315 |
| 2024 | 240 | 116 | 16.3% | 7.38% | #189 |
| 2025 | 317 | 176 | 11.4% | 7.25% | #173 |
What Luxury 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 Luxury Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kings County | 79 | 42 | 11 | 13.9% |
| Suffolk County | 54 | 28 | 7 | 13.0% |
| Nassau County | 33 | 21 | 4 | 12.1% |
| Westchester County | 32 | 18 | 2 | 6.3% |
| Bronx County | 20 | 11 | 1 | 5.0% |
| Queens County | 19 | 11 | 1 | 5.3% |
| Richmond County | 17 | 9 | 0 | 0.0% |
| Rockland County | 16 | 13 | 1 | 6.3% |
| New York County | 11 | 5 | 2 | 18.2% |
| Orange County | 8 | 2 | 2 | 25.0% |
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: 317 applications in 2025, of which 176 were originated and 36 denied.
11.4% of all applications, or 16.7% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Luxury Mortgage originated in New York in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Luxury 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