TEG Federal Credit Union · New York · 2025

TEG Federal Credit Union in New York: approval rate, denial rate and rates (2025)

TEG Federal Credit Union took 284 mortgage applications in New York in 2025, ranking #182 of 750 lenders active in the state. It originated 67.6% of them and denied 13.0% (15.6% of the applications it decided), against a statewide denial rate of 19.8%.

284Applicationsin NY
15.6%Decision denial ratestate 24.0%
6.50%Median ratestate 6.63%
$315,000Median loanstate $235,000
$68MVolume12 counties

TEG Federal Credit Union in New York vs the state

13.0%Denial rate-6.72 pts vs state
15.6%Decision denial rate-8.43 pts vs state
67.6%Origination rate+8.02 pts vs state
6.50%Median rate-0.13 pts vs state
0.06Rate spread (pts)-0.15 pts vs state
$146kMedian applicant income
192Loans originated
37Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202327518220.0%6.94%#168
202425219010.7%6.88%#182
202528419213.0%6.50%#182

What TEG Federal Credit Union lends in New York

By loan purpose

Home purchase 166 58% · 3.0% denied
Refinance 21 7% · 9.5% denied
Cash-out refinance 41 14% · 22.0% denied
Home improvement 6 2% · 0.0% denied
Other / HELOC 50 18% · 42.0% denied

By loan type

Conventional 284 100% · 13.0% denied

Why it denied New York applicants

Debt-to-income ratio 26 70%
Credit history 6 16%
Collateral 4 11%
Insufficient cash 1 3%

Where in New York

Counties with the most TEG Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Dutchess County 15610422 14.1%
Orange County 59417 11.9%
Ulster County 26181 3.8%
Putnam County 17106 35.3%
Westchester County 1491 7.1%
Greene County 320 0.0%
Rockland County 320 0.0%
Columbia County 220 0.0%
Suffolk County 110 0.0%
Saratoga County 110 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: 284 applications in 2025, of which 192 were originated and 37 denied.

13.0% of all applications, or 15.6% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans TEG Federal Credit Union originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are TEG Federal Credit Union'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