Northwest Bank · New York · 2025

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

Northwest Bank took 1,443 mortgage applications in New York in 2025, ranking #59 of 750 lenders active in the state. It originated 70.8% of them and denied 18.5% (20.6% of the applications it decided), against a statewide denial rate of 19.8%.

1.4kApplicationsin NY
20.6%Decision denial ratestate 24.0%
6.25%Median ratestate 6.63%
$105,000Median loanstate $235,000
$179MVolume22 counties

Northwest Bank in New York vs the state

18.5%Denial rate-1.25 pts vs state
20.6%Decision denial rate-3.42 pts vs state
70.8%Origination rate+11.17 pts vs state
6.25%Median rate-0.38 pts vs state
-0.12Rate spread (pts)-0.33 pts vs state
$96kMedian applicant income
1,021Loans originated
267Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,8361,25819.6%6.50%#43
20241,35487223.3%7.25%#51
20251,4431,02118.5%6.25%#59

What Northwest Bank lends in New York

By loan purpose

Home purchase 364 25% · 8.8% denied
Refinance 65 5% · 18.5% denied
Cash-out refinance 297 21% · 16.5% denied
Home improvement 368 26% · 22.6% denied
Other / HELOC 349 24% · 26.1% denied

By loan type

Conventional 1,430 99% · 18.5% denied
FHA 8 1% · 12.5% denied
VA 4 0% · 0.0% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied New York applicants

Debt-to-income ratio 116 43%
Credit history 78 29%
Collateral 53 20%
Incomplete application 12 4%
Unverifiable information 5 2%
Other 3 1%

Where in New York

Counties with the most Northwest Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Erie County 821585150 18.3%
Niagara County 26718754 20.2%
Chautauqua County 22516335 15.6%
Monroe County 583516 27.6%
Cattaraugus County 33244 12.1%
Orleans County 632 33.3%
Genesee County 532 40.0%
Steuben County 440 0.0%
Onondaga County 431 25.0%
Wyoming County 320 0.0%

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: 1,443 applications in 2025, of which 1,021 were originated and 267 denied.

18.5% of all applications, or 20.6% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

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

About this data. Figures are Northwest 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