NBT Bank · New York · 2025

NBT Bank in New York: approval rate, denial rate and rates (2025)

NBT Bank took 3,012 mortgage applications in New York in 2025, ranking #29 of 750 lenders active in the state. It originated 63.8% of them and denied 22.1% (24.0% of the applications it decided), against a statewide denial rate of 19.8%.

3.0kApplicationsin NY
24.0%Decision denial ratestate 24.0%
5.00%Median ratestate 6.63%
$115,000Median loanstate $235,000
$385MVolume50 counties

NBT Bank in New York vs the state

22.1%Denial rate+2.33 pts vs state
24.0%Decision denial rate-0.01 pts vs state
63.8%Origination rate+4.22 pts vs state
5.00%Median rate-1.63 pts vs state
-2.20Rate spread (pts)-2.41 pts vs state
$95kMedian applicant income
1,922Loans originated
665Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,0651,29821.6%3.50%#35
20242,0151,27922.8%5.50%#38
20253,0121,92222.1%5.00%#29

What NBT Bank lends in New York

By loan purpose

Home purchase 910 30% · 8.9% denied
Refinance 651 22% · 20.9% denied
Cash-out refinance 99 3% · 33.3% denied
Home improvement 520 17% · 26.9% denied
Other / HELOC 832 28% · 33.1% denied

By loan type

Conventional 2,981 99% · 22.0% denied
FHA 30 1% · 26.7% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied New York applicants

Debt-to-income ratio 384 58%
Credit history 179 27%
Collateral 50 8%
Other 27 4%
Employment history 8 1%
Incomplete application 7 1%
Unverifiable information 6 1%
Insufficient cash 4 1%

Where in New York

Counties with the most NBT Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Onondaga County 27417851 18.6%
Erie County 26917857 21.2%
Chenango County 18913437 19.6%
Oneida County 18513830 16.2%
Broome County 16910834 20.1%
Madison County 16211428 17.3%
Otsego County 1598936 22.6%
Fulton County 1318237 28.2%
Oswego County 1218420 16.5%
Cortland County 1157126 22.6%

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: 3,012 applications in 2025, of which 1,922 were originated and 665 denied.

22.1% of all applications, or 24.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans NBT Bank originated in New York in 2025 was 5.00%, against a statewide median of 6.63%.

About this data. Figures are NBT 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