Sefcu Services · New York · 2025

Sefcu Services in New York: approval rate, denial rate and rates (2025)

Sefcu Services took 2,747 mortgage applications in New York in 2025, ranking #33 of 750 lenders active in the state. It originated 85.0% of them and denied 1.9% (2.1% of the applications it decided), against a statewide denial rate of 19.8%.

2.7kApplicationsin NY
2.1%Decision denial ratestate 24.0%
6.13%Median ratestate 6.63%
$265,000Median loanstate $235,000
$705MVolume50 counties

Sefcu Services in New York vs the state

1.9%Denial rate-17.89 pts vs state
2.1%Decision denial rate-21.92 pts vs state
85.0%Origination rate+25.38 pts vs state
6.13%Median rate-0.50 pts vs state
-0.08Rate spread (pts)-0.29 pts vs state
$112kMedian applicant income
2,334Loans originated
51Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,6893,2142.1%5.50%#22
20243,2332,8021.8%6.13%#25
20252,7472,3341.9%6.13%#33

What Sefcu Services lends in New York

By loan purpose

Home purchase 2,499 91% · 1.5% denied
Refinance 97 4% · 3.1% denied
Cash-out refinance 151 5% · 7.3% denied

By loan type

Conventional 2,522 92% · 1.6% denied
FHA 189 7% · 5.3% denied
VA 33 1% · 0.0% denied
USDA / RHS 3 0% · 66.7% denied

Why it denied New York applicants

Debt-to-income ratio 28 55%
Collateral 12 24%
Insufficient cash 3 6%
Employment history 3 6%
Unverifiable information 2 4%
Credit history 2 4%
Other 1 2%

Where in New York

Counties with the most Sefcu Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Albany County 76062615 2.0%
Saratoga County 4513884 0.9%
Rensselaer County 3853158 2.1%
Schenectady County 3052712 0.7%
Onondaga County 2292192 0.9%
Oneida County 99821 1.0%
Erie County 61571 1.6%
Montgomery County 50353 6.0%
Broome County 41351 2.4%
Warren County 40361 2.5%

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: 2,747 applications in 2025, of which 2,334 were originated and 51 denied.

1.9% of all applications, or 2.1% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Sefcu Services originated in New York in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are Sefcu Services'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