PNC Bank · New York · 2025

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

PNC Bank took 1,259 mortgage applications in New York in 2025, ranking #71 of 750 lenders active in the state. It originated 36.1% of them and denied 39.0% (50.8% of the applications it decided), against a statewide denial rate of 19.8%.

1.3kApplicationsin NY
50.8%Decision denial ratestate 24.0%
7.06%Median ratestate 6.63%
$205,000Median loanstate $235,000
$299MVolume57 counties

PNC Bank in New York vs the state

39.0%Denial rate+19.25 pts vs state
50.8%Decision denial rate+26.74 pts vs state
36.1%Origination rate-23.53 pts vs state
7.06%Median rate+0.44 pts vs state
0.23Rate spread (pts)+0.02 pts vs state
$179kMedian applicant income
454Loans originated
491Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,90679632.8%8.33%#39
20241,13142639.0%9.59%#73
20251,25945439.0%7.06%#71

What PNC Bank lends in New York

By loan purpose

Home purchase 218 17% · 20.6% denied
Refinance 261 21% · 39.9% denied
Cash-out refinance 17 1% · 17.7% denied
Home improvement 450 36% · 44.9% denied
Other / HELOC 313 25% · 43.8% denied

By loan type

Conventional 1,248 99% · 39.3% denied
FHA 6 0% · 0.0% denied
VA 5 0% · 0.0% denied

Why it denied New York applicants

Debt-to-income ratio 242 49%
Credit history 153 31%
Collateral 48 10%
Incomplete application 40 8%
Other 7 1%
Insufficient cash 1 0%

Where in New York

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Suffolk County 1667161 36.7%
Kings County 1625465 40.1%
Nassau County 1465160 41.1%
Queens County 1091953 48.6%
Westchester County 1034142 40.8%
New York County 743517 23.0%
Rockland County 732925 34.2%
Erie County 511624 47.1%
Bronx County 441125 56.8%
Richmond County 411816 39.0%

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: 1,259 applications in 2025, of which 454 were originated and 491 denied.

39.0% of all applications, or 50.8% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans PNC Bank originated in New York in 2025 was 7.06%, against a statewide median of 6.63%.

About this data. Figures are PNC 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