Presidential Bank · New York · 2025

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

Presidential Bank took 133 mortgage applications in New York in 2025, ranking #241 of 750 lenders active in the state. It originated 46.6% of them and denied 6.8% (12.5% of the applications it decided), against a statewide denial rate of 19.8%.

133Applicationsin NY
12.5%Decision denial ratestate 24.0%
6.50%Median ratestate 6.63%
$515,000Median loanstate $235,000
$36MVolume23 counties

Presidential Bank in New York vs the state

6.8%Denial rate-12.98 pts vs state
12.5%Decision denial rate-11.54 pts vs state
46.6%Origination rate-12.97 pts vs state
6.50%Median rate-0.13 pts vs state
0.27Rate spread (pts)+0.06 pts vs state
$162kMedian applicant income
62Loans originated
9Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023550.0%6.99%#506
20241470.0%6.88%#423
2025133626.8%6.50%#241

What Presidential Bank lends in New York

By loan purpose

Home purchase 107 80% · 8.4% denied
Refinance 3 2% · 0.0% denied
Cash-out refinance 22 17% · 0.0% denied
Other / HELOC 1 1% · 0.0% denied

By loan type

Conventional 109 82% · 5.5% denied
FHA 21 16% · 14.3% denied
VA 3 2% · 0.0% denied

Why it denied New York applicants

Collateral 4 44%
Incomplete application 2 22%
Debt-to-income ratio 1 11%
Other 1 11%
Insufficient cash 1 11%

Where in New York

Counties with the most Presidential Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Nassau County 2881 3.6%
Queens County 2182 9.5%
Kings County 1452 14.3%
Suffolk County 1471 7.1%
Westchester County 13100 0.0%
Richmond County 841 12.5%
Bronx County 720 0.0%
Saratoga County 440 0.0%
Orange County 320 0.0%
New York County 310 0.0%

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: 133 applications in 2025, of which 62 were originated and 9 denied.

6.8% of all applications, or 12.5% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Presidential Bank originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Presidential 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