Velocity Commercial Capital in New York vs the state
0.9%Denial rate-18.84 pts vs state
1.9%Decision denial rate-22.16 pts vs state
46.2%Origination rate-13.42 pts vs state
10.05%Median rate+3.43 pts vs state
—Rate spread (pts)
—Median applicant income
356Loans originated
7Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 444 | 202 | 0.7% | 10.80% | #122 |
| 2024 | 555 | 276 | 0.9% | 10.74% | #111 |
| 2025 | 771 | 356 | 0.9% | 10.05% | #109 |
What Velocity Commercial Capital lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Velocity Commercial Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kings County | 120 | 58 | 4 | 3.3% |
| Queens County | 97 | 44 | 0 | 0.0% |
| Erie County | 77 | 49 | 1 | 1.3% |
| Suffolk County | 52 | 24 | 1 | 1.9% |
| Bronx County | 46 | 15 | 0 | 0.0% |
| Monroe County | 37 | 21 | 0 | 0.0% |
| Nassau County | 35 | 13 | 0 | 0.0% |
| Onondaga County | 29 | 7 | 0 | 0.0% |
| Westchester County | 27 | 12 | 0 | 0.0% |
| New York County | 26 | 10 | 0 | 0.0% |
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: 771 applications in 2025, of which 356 were originated and 7 denied.
0.9% of all applications, or 1.9% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Velocity Commercial Capital originated in New York in 2025 was 10.05%, against a statewide median of 6.63%.
About this data. Figures are Velocity Commercial Capital'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