Nqm Funding in New York vs the state
17.2%Denial rate-2.59 pts vs state
20.8%Decision denial rate-3.24 pts vs state
56.6%Origination rate-2.99 pts vs state
7.62%Median rate+1.00 pts vs state
0.99Rate spread (pts)+0.78 pts vs state
$252kMedian applicant income
343Loans originated
104Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 146 | 83 | 12.3% | 7.87% | #227 |
| 2024 | 414 | 265 | 12.8% | 7.75% | #136 |
| 2025 | 606 | 343 | 17.2% | 7.62% | #120 |
What Nqm Funding lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 130 | 82 | 20 | 15.4% |
| Nassau County | 112 | 60 | 19 | 17.0% |
| Queens County | 82 | 54 | 12 | 14.6% |
| Kings County | 71 | 37 | 11 | 15.5% |
| Westchester County | 48 | 28 | 7 | 14.6% |
| Rockland County | 37 | 17 | 8 | 21.6% |
| Richmond County | 26 | 7 | 9 | 34.6% |
| Orange County | 19 | 13 | 4 | 21.1% |
| New York County | 15 | 8 | 2 | 13.3% |
| Bronx County | 13 | 7 | 2 | 15.4% |
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% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 606 applications in 2025, of which 343 were originated and 104 denied.
17.2% of all applications, or 20.8% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Nqm Funding originated in New York in 2025 was 7.62%, against a statewide median of 6.63%.
About this data. Figures are Nqm Funding'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