Premium Mortgage · New York · 2025

Premium Mortgage in New York: approval rate, denial rate and rates (2025)

Premium Mortgage took 5,816 mortgage applications in New York in 2025, ranking #15 of 750 lenders active in the state. It originated 87.6% of them and denied 3.0% (3.3% of the applications it decided), against a statewide denial rate of 19.8%.

5.8kApplicationsin NY
3.3%Decision denial ratestate 24.0%
6.63%Median ratestate 6.63%
$235,000Median loanstate $235,000
$1.3BVolume57 counties

Premium Mortgage in New York vs the state

3.0%Denial rate-16.74 pts vs state
3.3%Decision denial rate-20.74 pts vs state
87.6%Origination rate+28.00 pts vs state
6.63%Median rate0.00 pts vs state
0.23Rate spread (pts)+0.02 pts vs state
$105kMedian applicant income
5,094Loans originated
175Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235,2004,5872.4%6.75%#18
20245,3214,7382.6%6.75%#17
20255,8165,0943.0%6.63%#15

What Premium Mortgage lends in New York

By loan purpose

Home purchase 5,541 95% · 2.8% denied
Refinance 130 2% · 1.5% denied
Cash-out refinance 144 2% · 13.2% denied
Home improvement 1 0% · 0.0% denied

By loan type

Conventional 4,692 81% · 2.5% denied
FHA 833 14% · 5.8% denied
VA 258 4% · 1.9% denied
USDA / RHS 33 1% · 15.2% denied

Why it denied New York applicants

Debt-to-income ratio 52 30%
Collateral 30 17%
Other 29 17%
Credit history 23 13%
Insufficient cash 19 11%
Unverifiable information 13 7%
Employment history 8 5%
Incomplete application 1 1%

Where in New York

Counties with the most Premium Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Monroe County 2,0931,91653 2.5%
Erie County 1,2411,13521 1.7%
Niagara County 3262918 2.5%
Ontario County 2382143 1.3%
Wayne County 23020613 5.7%
Onondaga County 2071767 3.4%
Albany County 1389610 7.2%
Livingston County 1361183 2.2%
Oneida County 1301023 2.3%
Genesee County 1271004 3.1%

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: 5,816 applications in 2025, of which 5,094 were originated and 175 denied.

3.0% of all applications, or 3.3% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Premium Mortgage originated in New York in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Premium Mortgage'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