Webster Bank · New York · 2025

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

Webster Bank took 1,170 mortgage applications in New York in 2025, ranking #78 of 750 lenders active in the state. It originated 48.2% of them and denied 26.5% (34.3% of the applications it decided), against a statewide denial rate of 19.8%.

1.2kApplicationsin NY
34.3%Decision denial ratestate 24.0%
6.50%Median ratestate 6.63%
$255,000Median loanstate $235,000
$749MVolume26 counties

Webster Bank in New York vs the state

26.5%Denial rate+6.75 pts vs state
34.3%Decision denial rate+10.29 pts vs state
48.2%Origination rate-11.38 pts vs state
6.50%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.06 pts vs state
$187kMedian applicant income
564Loans originated
310Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,18262423.1%6.99%#66
20241,16656424.4%7.13%#68
20251,17056426.5%6.50%#78

What Webster Bank lends in New York

By loan purpose

Home purchase 378 32% · 14.6% denied
Refinance 318 27% · 26.1% denied
Cash-out refinance 35 3% · 20.0% denied
Home improvement 286 24% · 40.9% denied
Other / HELOC 153 13% · 31.4% denied

By loan type

Conventional 1,169 100% · 26.5% denied
FHA 1 0% · 0.0% denied

Why it denied New York applicants

Debt-to-income ratio 112 36%
Other 83 27%
Credit history 66 21%
Collateral 29 9%
Insufficient cash 11 4%
Unverifiable information 8 3%
Employment history 1 0%

Where in New York

Counties with the most Webster Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Westchester County 30017166 22.0%
Kings County 1556942 27.1%
Nassau County 1486142 28.4%
Suffolk County 1326134 25.8%
Bronx County 936122 23.7%
Queens County 853230 35.3%
Rockland County 742928 37.8%
New York County 612811 18.0%
Orange County 521519 36.5%
Ulster County 1463 21.4%

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: 1,170 applications in 2025, of which 564 were originated and 310 denied.

26.5% of all applications, or 34.3% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans Webster Bank originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Webster 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