US Mortgage · New York · 2025

US Mortgage in New York: approval rate, denial rate and rates (2025)

US Mortgage took 398 mortgage applications in New York in 2025, ranking #153 of 750 lenders active in the state. It originated 73.4% of them and denied 7.5% (9.3% of the applications it decided), against a statewide denial rate of 19.8%.

398Applicationsin NY
9.3%Decision denial ratestate 24.0%
6.63%Median ratestate 6.63%
$425,000Median loanstate $235,000
$134MVolume24 counties

US Mortgage in New York vs the state

7.5%Denial rate-12.21 pts vs state
9.3%Decision denial rate-14.75 pts vs state
73.4%Origination rate+13.78 pts vs state
6.63%Median rate0.00 pts vs state
0.47Rate spread (pts)+0.26 pts vs state
$140kMedian applicant income
292Loans originated
30Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235433099.9%6.75%#108
20244462778.7%6.88%#128
20253982927.5%6.63%#153

What US Mortgage lends in New York

By loan purpose

Home purchase 334 84% · 6.6% denied
Refinance 7 2% · 42.9% denied
Cash-out refinance 57 14% · 8.8% denied

By loan type

Conventional 303 76% · 8.9% denied
FHA 84 21% · 3.6% denied
VA 9 2% · 0.0% denied
USDA / RHS 2 1% · 0.0% denied

Why it denied New York applicants

Debt-to-income ratio 9 30%
Collateral 6 20%
Credit history 4 13%
Unverifiable information 4 13%
Other 4 13%
Employment history 2 7%
Insufficient cash 1 3%

Where in New York

Counties with the most US Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Suffolk County 88656 6.8%
Nassau County 67525 7.5%
Richmond County 51411 2.0%
Schenectady County 36241 2.8%
Westchester County 22163 13.6%
Queens County 21143 14.3%
Albany County 19143 15.8%
Rensselaer County 15130 0.0%
Saratoga County 14110 0.0%
Fulton County 1051 10.0%

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: 398 applications in 2025, of which 292 were originated and 30 denied.

7.5% of all applications, or 9.3% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans US Mortgage originated in New York in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are US Mortgage'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