Norwich Commercial Group · New York · 2025

Norwich Commercial Group in New York: approval rate, denial rate and rates (2025)

Norwich Commercial Group took 1,197 mortgage applications in New York in 2025, ranking #76 of 750 lenders active in the state. It originated 77.4% of them and denied 9.2% (10.4% of the applications it decided), against a statewide denial rate of 19.8%.

1.2kApplicationsin NY
10.4%Decision denial ratestate 24.0%
6.88%Median ratestate 6.63%
$565,000Median loanstate $235,000
$526MVolume33 counties

Norwich Commercial Group in New York vs the state

9.2%Denial rate-10.56 pts vs state
10.4%Decision denial rate-13.64 pts vs state
77.4%Origination rate+17.85 pts vs state
6.88%Median rate+0.25 pts vs state
0.31Rate spread (pts)+0.10 pts vs state
$154kMedian applicant income
927Loans originated
110Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234243337.8%6.88%#129
20241,2839709.5%7.00%#55
20251,1979279.2%6.88%#76

What Norwich Commercial Group lends in New York

By loan purpose

Home purchase 942 79% · 8.5% denied
Refinance 255 21% · 11.8% denied

By loan type

Conventional 1,075 90% · 8.9% denied
FHA 103 9% · 13.6% denied
VA 15 1% · 0.0% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied New York applicants

Incomplete application 81 74%
Unverifiable information 10 9%
Debt-to-income ratio 9 8%
Collateral 8 7%
Credit history 2 2%

Where in New York

Counties with the most Norwich Commercial Group applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Orange County 38733020 5.2%
Rockland County 28623719 6.6%
Kings County 1379620 14.6%
Sullivan County 63518 12.7%
Suffolk County 59436 10.2%
Nassau County 49344 8.2%
Queens County 472911 23.4%
Richmond County 34254 11.8%
Bronx County 27168 29.6%
Westchester County 19132 10.5%

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: 1,197 applications in 2025, of which 927 were originated and 110 denied.

9.2% of all applications, or 10.4% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Norwich Commercial Group originated in New York in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Norwich Commercial Group'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