Newrez in New York vs the state
24.2%Denial rate+4.48 pts vs state
39.8%Decision denial rate+15.71 pts vs state
36.1%Origination rate-23.50 pts vs state
6.75%Median rate+0.13 pts vs state
0.47Rate spread (pts)+0.26 pts vs state
$124kMedian applicant income
3,123Loans originated
2,097Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,002 | 1,568 | 21.5% | 6.75% | #21 |
| 2024 | 5,446 | 1,907 | 24.9% | 6.88% | #16 |
| 2025 | 8,654 | 3,123 | 24.2% | 6.75% | #9 |
What Newrez lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 1,253 | 404 | 322 | 25.7% |
| Nassau County | 997 | 335 | 276 | 27.7% |
| Queens County | 726 | 216 | 220 | 30.3% |
| Westchester County | 639 | 249 | 135 | 21.1% |
| Kings County | 596 | 193 | 167 | 28.0% |
| Orange County | 469 | 191 | 117 | 24.9% |
| Richmond County | 415 | 195 | 86 | 20.7% |
| Rockland County | 315 | 136 | 53 | 16.8% |
| Erie County | 304 | 99 | 68 | 22.4% |
| Bronx County | 281 | 75 | 90 | 32.0% |
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% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
| Crosscountry Mortgage | B | 7,792 | 5.5% | 6.75% |
Frequently asked questions
New York: 8,654 applications in 2025, of which 3,123 were originated and 2,097 denied.
24.2% of all applications, or 39.8% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Newrez originated in New York in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Newrez'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