PCSB Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
43rd27.6% deniedPricingmedian rate spread over APOR, weight 30%
46th0.20 ptsProcesswithdrawn + incomplete share, weight 15%
56th11.4%Closing coststotal loan costs ÷ loan amount, weight 10%
76th2.16% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 153 | 91 | 24.2% | 27.6% | 6.99% | $49M |
| 2024 | 218 | 119 | 24.3% | 29.8% | 7.75% | $45M |
| 2025 | 176 | 112 | 24.4% | 27.6% | 7.50% | $41M |
What PCSB Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 124 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7 investment properties.
Why PCSB Bank denies applications
Primary reason reported for each of the 43 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at PCSB Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 28 | 13 | 48.0% |
| $100k – $150k | 23 | 15 | 28.6% |
| $150k – $250k | 59 | 45 | 15.1% |
| Over $250k | 45 | 30 | 25.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 23 | 18 | 5.3% |
| 35–44 | 33 | 16 | 46.7% |
| 45–54 | 36 | 24 | 25.0% |
| 55–64 | 45 | 30 | 24.4% |
| 65–74 | 22 | 13 | 35.0% |
Where PCSB Bank lends
4 states and 12 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 159 | 100 | 25.2% | 7.50% | #228 |
| Connecticut | 9 | 6 | 22.2% | 7.00% | #377 |
| New Jersey | 5 | 4 | 0.0% | 7.00% | #594 |
Frequently asked questions
PCSB Bank denied 27.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 43rd percentile of home-equity (HELOC) lenders.
The most common reason PCSB Bank gave in 2025 was "debt-to-income ratio", cited on 41.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans PCSB Bank originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.20 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 25% of its applications were for home purchases, 19% for refinancing (including cash-out), and 56% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.