Watertown Savings Bank · New York · 2025

Watertown Savings Bank in New York: approval rate, denial rate and rates (2025)

Watertown Savings Bank took 195 mortgage applications in New York in 2025, ranking #208 of 750 lenders active in the state. It originated 81.0% of them and denied 5.6% (6.2% of the applications it decided), against a statewide denial rate of 19.8%.

195Applicationsin NY
6.2%Decision denial ratestate 24.0%
6.38%Median ratestate 6.63%
$145,000Median loanstate $235,000
$34MVolume1 counties

Watertown Savings Bank in New York vs the state

5.6%Denial rate-14.11 pts vs state
6.2%Decision denial rate-17.83 pts vs state
81.0%Origination rate+21.44 pts vs state
6.38%Median rate-0.25 pts vs state
-0.07Rate spread (pts)-0.28 pts vs state
$108kMedian applicant income
158Loans originated
11Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232291962.6%6.19%#182
20242041763.9%6.38%#201
20251951585.6%6.38%#208

What Watertown Savings Bank lends in New York

By loan purpose

Home purchase 108 55% · 4.6% denied
Refinance 7 4% · 0.0% denied
Cash-out refinance 28 14% · 10.7% denied
Home improvement 29 15% · 0.0% denied
Other / HELOC 23 12% · 13.0% denied

By loan type

Conventional 195 100% · 5.6% denied

Why it denied New York applicants

Credit history 5 45%
Debt-to-income ratio 4 36%
Collateral 2 18%

Where in New York

Counties with the most Watertown Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 17414010 5.7%

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: 195 applications in 2025, of which 158 were originated and 11 denied.

5.6% of all applications, or 6.2% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Watertown Savings Bank originated in New York in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are Watertown Savings 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