U.S. Bank · New York · 2025

U.S. Bank in New York: approval rate, denial rate and rates (2025)

U.S. Bank took 2,629 mortgage applications in New York in 2025, ranking #34 of 750 lenders active in the state. It originated 49.9% of them and denied 29.4% (36.2% of the applications it decided), against a statewide denial rate of 19.8%.

2.6kApplicationsin NY
36.2%Decision denial ratestate 24.0%
6.25%Median ratestate 6.63%
$415,000Median loanstate $235,000
$1.1BVolume57 counties

U.S. Bank in New York vs the state

29.4%Denial rate+9.69 pts vs state
36.2%Decision denial rate+12.20 pts vs state
49.9%Origination rate-9.65 pts vs state
6.25%Median rate-0.38 pts vs state
-0.16Rate spread (pts)-0.37 pts vs state
$232kMedian applicant income
1,313Loans originated
774Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,6011,20135.4%6.50%#29
20242,6631,30933.6%6.50%#30
20252,6291,31329.4%6.25%#34

What U.S. Bank lends in New York

By loan purpose

Home purchase 1,277 49% · 10.0% denied
Refinance 277 11% · 11.2% denied
Cash-out refinance 151 6% · 21.9% denied
Home improvement 421 16% · 61.1% denied
Other / HELOC 503 19% · 64.6% denied

By loan type

Conventional 2,600 99% · 29.6% denied
FHA 21 1% · 19.1% denied
VA 7 0% · 0.0% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied New York applicants

Debt-to-income ratio 296 38%
Collateral 243 31%
Credit history 169 22%
Unverifiable information 29 4%
Other 25 3%
Insufficient cash 7 1%
Incomplete application 5 1%

Where in New York

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New York County 42125359 14.0%
Suffolk County 356180112 31.5%
Westchester County 34223050 14.6%
Kings County 33117875 22.7%
Nassau County 27312387 31.9%
Queens County 1745385 48.9%
Erie County 702927 38.6%
Richmond County 662830 45.5%
Monroe County 652031 47.7%
Rockland County 513015 29.4%

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: 2,629 applications in 2025, of which 1,313 were originated and 774 denied.

29.4% of all applications, or 36.2% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans U.S. Bank originated in New York in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are U.S. 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