Sofi Bank in New York vs the state
6.8%Denial rate-12.98 pts vs state
15.2%Decision denial rate-8.87 pts vs state
37.5%Origination rate-22.05 pts vs state
6.50%Median rate-0.13 pts vs state
0.24Rate spread (pts)+0.03 pts vs state
$168kMedian applicant income
122Loans originated
22Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 193 | 52 | 11.9% | 6.93% | #204 |
| 2024 | 227 | 81 | 9.3% | 6.99% | #193 |
| 2025 | 325 | 122 | 6.8% | 6.50% | #170 |
What Sofi Bank lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Nassau County | 29 | 8 | 0 | 0.0% |
| Queens County | 29 | 5 | 1 | 3.4% |
| Kings County | 22 | 5 | 0 | 0.0% |
| Westchester County | 22 | 7 | 3 | 13.6% |
| Suffolk County | 21 | 6 | 2 | 9.5% |
| Erie County | 19 | 10 | 0 | 0.0% |
| New York County | 15 | 5 | 0 | 0.0% |
| Monroe County | 14 | 6 | 1 | 7.1% |
| Orange County | 12 | 3 | 1 | 8.3% |
| Bronx County | 9 | 3 | 2 | 22.2% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 325 applications in 2025, of which 122 were originated and 22 denied.
6.8% of all applications, or 15.2% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Sofi Bank originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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