Rocket Mortgage · New York · 2025

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

Rocket Mortgage took 19,924 mortgage applications in New York in 2025, ranking #2 of 750 lenders active in the state. It originated 68.9% of them and denied 22.0% (23.7% of the applications it decided), against a statewide denial rate of 19.8%.

20kApplicationsin NY
23.7%Decision denial ratestate 24.0%
6.88%Median ratestate 6.63%
$185,000Median loanstate $235,000
$3.5BVolume62 counties

Rocket Mortgage in New York vs the state

22.0%Denial rate+2.26 pts vs state
23.7%Decision denial rate-0.34 pts vs state
68.9%Origination rate+9.32 pts vs state
6.88%Median rate+0.25 pts vs state
0.75Rate spread (pts)+0.54 pts vs state
$114kMedian applicant income
13,729Loans originated
4,386Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202313,2198,95621.5%6.75%#2
202415,74411,36619.4%6.88%#2
202519,92413,72922.0%6.88%#2

What Rocket Mortgage lends in New York

By loan purpose

Home purchase 4,874 24% · 19.0% denied
Refinance 2,729 14% · 22.4% denied
Cash-out refinance 11,044 55% · 22.2% denied
Home improvement 383 2% · 30.8% denied
Other / HELOC 894 4% · 31.9% denied

By loan type

Conventional 15,199 76% · 20.1% denied
FHA 3,608 18% · 30.6% denied
VA 1,117 6% · 19.9% denied

Why it denied New York applicants

Collateral 1,965 45%
Incomplete application 889 20%
Debt-to-income ratio 832 19%
Credit history 241 5%
Insufficient cash 211 5%
Other 123 3%
Unverifiable information 90 2%
Employment history 35 1%

Where in New York

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Suffolk County 2,3491,733411 17.5%
Nassau County 1,5541,138272 17.5%
Erie County 1,5521,156283 18.2%
Westchester County 1,159815230 19.8%
Queens County 1,087706285 26.2%
Monroe County 925646211 22.8%
Orange County 801559170 21.2%
Onondaga County 690493139 20.1%
Kings County 606360193 31.8%
Dutchess County 543383113 20.8%

Other large lenders in New York

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 20,31532.7%7.97%
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%
Crosscountry MortgageB 7,7925.5%6.75%

Frequently asked questions

New York: 19,924 applications in 2025, of which 13,729 were originated and 4,386 denied.

22.0% of all applications, or 23.7% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Rocket Mortgage originated in New York in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Rocket 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