Wall Street Mortgage Bankers · New York · 2025

Wall Street Mortgage Bankers in New York: approval rate, denial rate and rates (2025)

Wall Street Mortgage Bankers took 274 mortgage applications in New York in 2025, ranking #184 of 750 lenders active in the state. It originated 66.4% of them and denied 12.8% (16.1% of the applications it decided), against a statewide denial rate of 19.8%.

274Applicationsin NY
16.1%Decision denial ratestate 24.0%
6.87%Median ratestate 6.63%
$665,000Median loanstate $235,000
$166MVolume17 counties

Wall Street Mortgage Bankers in New York vs the state

12.8%Denial rate-6.98 pts vs state
16.1%Decision denial rate-7.98 pts vs state
66.4%Origination rate+6.83 pts vs state
6.87%Median rate+0.25 pts vs state
0.27Rate spread (pts)+0.06 pts vs state
$225kMedian applicant income
182Loans originated
35Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202333620915.5%7.88%#152
202437919331.7%7.38%#144
202527418212.8%6.87%#184

What Wall Street Mortgage Bankers lends in New York

By loan purpose

Home purchase 189 69% · 11.1% denied
Refinance 16 6% · 25.0% denied
Cash-out refinance 69 25% · 14.5% denied

By loan type

Conventional 266 97% · 12.8% denied
FHA 8 3% · 12.5% denied

Why it denied New York applicants

Other 8 23%
Debt-to-income ratio 7 20%
Credit history 5 14%
Insufficient cash 5 14%
Collateral 5 14%
Unverifiable information 3 9%
Employment history 1 3%
Incomplete application 1 3%

Where in New York

Counties with the most Wall Street Mortgage Bankers applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kings County 73517 9.6%
Richmond County 62387 11.3%
Nassau County 47327 14.9%
Suffolk County 34237 20.6%
Queens County 23163 13.0%
New York County 16131 6.3%
Bronx County 540 0.0%
Westchester County 420 0.0%
Clinton County 210 0.0%
Saratoga County 101 100.0%

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: 274 applications in 2025, of which 182 were originated and 35 denied.

12.8% of all applications, or 16.1% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Wall Street Mortgage Bankers originated in New York in 2025 was 6.87%, against a statewide median of 6.63%.

About this data. Figures are Wall Street Mortgage Bankers'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