Suffolk at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
17th35.5% deniedPricingmedian rate spread over APOR, weight 30%
88th-1.24 ptsProcesswithdrawn + incomplete share, weight 15%
41st14.2%Closing coststotal loan costs ÷ loan amount, weight 10%
60th2.78% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,964 | 876 | 39.1% | 44.9% | 6.50% | $138M |
| 2024 | 1,653 | 783 | 35.7% | 41.1% | 6.74% | $140M |
| 2025 | 2,337 | 1,203 | 30.5% | 35.5% | 5.99% | $274M |
What Suffolk lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,841 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 50 investment properties.
Why Suffolk denies applications
Primary reason reported for each of the 712 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Suffolk
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 77 | 12 | 81.3% |
| $50k – $100k | 497 | 165 | 58.8% |
| $100k – $150k | 564 | 287 | 37.0% |
| $150k – $250k | 687 | 425 | 22.9% |
| Over $250k | 503 | 306 | 20.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 216 | 93 | 44.0% |
| 35–44 | 567 | 288 | 37.2% |
| 45–54 | 582 | 305 | 36.1% |
| 55–64 | 556 | 294 | 34.9% |
| 65–74 | 292 | 163 | 27.0% |
| Over 74 | 101 | 51 | 28.2% |
Where Suffolk lends
14 states and 56 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 2,289 | 1,182 | 30.4% | 5.99% | #37 |
| Florida | 17 | 10 | 23.5% | 6.12% | #798 |
| North Carolina | 6 | 4 | 16.7% | 6.25% | #699 |
| Vermont | 6 | 2 | 33.3% | 5.75% | #139 |
Frequently asked questions
Suffolk denied 35.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of home-equity (HELOC) lenders.
The most common reason Suffolk gave in 2025 was "debt-to-income ratio", cited on 52.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Suffolk originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was -1.24 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 11% of its applications were for home purchases, 10% for refinancing (including cash-out), and 79% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.