Mortgage Research Center · New York · 2025

Mortgage Research Center in New York: approval rate, denial rate and rates (2025)

Mortgage Research Center took 1,648 mortgage applications in New York in 2025, ranking #53 of 750 lenders active in the state. It originated 51.5% of them and denied 21.7% (29.4% of the applications it decided), against a statewide denial rate of 19.8%.

1.6kApplicationsin NY
29.4%Decision denial ratestate 24.0%
6.25%Median ratestate 6.63%
$265,000Median loanstate $235,000
$280MVolume62 counties

Mortgage Research Center in New York vs the state

21.7%Denial rate+1.97 pts vs state
29.4%Decision denial rate+5.35 pts vs state
51.5%Origination rate-8.07 pts vs state
6.25%Median rate-0.38 pts vs state
-0.11Rate spread (pts)-0.32 pts vs state
$102kMedian applicant income
849Loans originated
358Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,31472817.4%6.75%#61
20241,42273522.2%6.63%#47
20251,64884921.7%6.25%#53

What Mortgage Research Center lends in New York

By loan purpose

Home purchase 1,184 72% · 9.2% denied
Refinance 131 8% · 65.7% denied
Cash-out refinance 333 20% · 49.0% denied

By loan type

Conventional 160 10% · 42.5% denied
FHA 50 3% · 38.0% denied
VA 1,437 87% · 18.9% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied New York applicants

Credit history 186 52%
Other 76 21%
Incomplete application 34 9%
Debt-to-income ratio 28 8%
Collateral 23 6%
Employment history 9 3%
Insufficient cash 2 1%

Where in New York

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Erie County 1478423 15.6%
Jefferson County 1378418 13.1%
Onondaga County 894518 20.2%
Suffolk County 873626 29.9%
Monroe County 713713 18.3%
Orange County 542612 22.2%
Saratoga County 462312 26.1%
Niagara County 442111 25.0%
Nassau County 441610 22.7%
Oswego County 43218 18.6%

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: 1,648 applications in 2025, of which 849 were originated and 358 denied.

21.7% of all applications, or 29.4% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Mortgage Research Center originated in New York in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Mortgage Research Center'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