Wells Fargo Bank in New York vs the state
14.4%Denial rate-5.32 pts vs state
20.8%Decision denial rate-3.25 pts vs state
54.9%Origination rate-4.66 pts vs state
6.13%Median rate-0.50 pts vs state
-0.18Rate spread (pts)-0.39 pts vs state
$247kMedian applicant income
2,733Loans originated
718Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6,874 | 3,537 | 18.4% | 6.00% | #11 |
| 2024 | 5,264 | 2,727 | 17.5% | 6.25% | #18 |
| 2025 | 4,975 | 2,733 | 14.4% | 6.13% | #17 |
What Wells Fargo Bank lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| New York County | 1,157 | 665 | 123 | 10.6% |
| Kings County | 699 | 404 | 82 | 11.7% |
| Westchester County | 630 | 362 | 77 | 12.2% |
| Nassau County | 492 | 295 | 51 | 10.4% |
| Suffolk County | 492 | 276 | 62 | 12.6% |
| Queens County | 460 | 201 | 112 | 24.3% |
| Bronx County | 141 | 74 | 35 | 24.8% |
| Dutchess County | 79 | 50 | 9 | 11.4% |
| Richmond County | 73 | 36 | 9 | 12.3% |
| Erie County | 69 | 30 | 17 | 24.6% |
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: 4,975 applications in 2025, of which 2,733 were originated and 718 denied.
14.4% of all applications, or 20.8% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Wells Fargo Bank originated in New York in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo 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