New Day Financial · Pennsylvania · 2025

New Day Financial in Pennsylvania: approval rate, denial rate and rates (2025)

New Day Financial took 1,995 mortgage applications in Pennsylvania in 2025, ranking #51 of 1,114 lenders active in the state. It originated 18.4% of them and denied 25.9% (56.3% of the applications it decided), against a statewide denial rate of 18.3%.

2.0kApplicationsin PA
56.3%Decision denial ratestate 22.2%
6.99%Median ratestate 6.63%
$225,000Median loanstate $155,000
$91MVolume67 counties

New Day Financial in Pennsylvania vs the state

25.9%Denial rate+7.62 pts vs state
56.3%Decision denial rate+34.11 pts vs state
18.4%Origination rate-42.56 pts vs state
6.99%Median rate+0.37 pts vs state
0.86Rate spread (pts)+0.62 pts vs state
$71kMedian applicant income
367Loans originated
517Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,57326526.8%7.49%#55
20242,04034424.9%7.74%#47
20251,99536725.9%6.99%#51

What New Day Financial lends in Pennsylvania

By loan purpose

Home purchase 30 2% · 0.0% denied
Refinance 210 11% · 7.1% denied
Cash-out refinance 1,685 84% · 29.0% denied
Other / HELOC 70 4% · 20.0% denied

By loan type

Conventional 2 0% · 0.0% denied
FHA 100 5% · 31.0% denied
VA 1,893 95% · 25.7% denied

Why it denied Pennsylvania applicants

Credit history 288 56%
Debt-to-income ratio 163 32%
Other 42 8%
Collateral 18 3%
Unverifiable information 4 1%
Employment history 2 0%

Where in Pennsylvania

Counties with the most New Day Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Allegheny County 1581952 32.9%
Philadelphia County 1542753 34.4%
York County 1113224 21.6%
Luzerne County 761213 17.1%
Bucks County 73621 28.8%
Montgomery County 691021 30.4%
Dauphin County 681120 29.4%
Delaware County 66917 25.8%
Westmoreland County 631216 25.4%
Monroe County 541213 24.1%

Other large lenders in Pennsylvania

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 22,41118.6%6.75%
Citizens BankC 18,25628.1%7.65%
PNC BankD 18,03120.6%6.88%
United Shore Financial ServicesB 13,17813.4%6.47%
Crosscountry MortgageB 11,6153.3%6.63%
Members 1stB 10,86330.9%1.99%
First National Bank of PennsylvaniaB 9,54227.8%6.49%
Police & FireC 8,46034.6%6.25%
PENNSYLVANIA STATE EMPLOYEES Credit UnionC 8,30813.7%6.64%
Pennymac Loan ServicesC 7,90012.6%6.50%

Frequently asked questions

Pennsylvania: 1,995 applications in 2025, of which 367 were originated and 517 denied.

25.9% of all applications, or 56.3% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

The median rate on loans New Day Financial originated in Pennsylvania in 2025 was 6.99%, against a statewide median of 6.63%.

About this data. Figures are New Day Financial's own HMDA filing for properties located in Pennsylvania, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology