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Albany County, New York · 2025

Mortgage lenders in Albany County, NY: denial rates and top lenders (2025)

220 lenders acted on 9,071 mortgage applications for properties in Albany County in 2025. 17.8% were denied (New York: 19.8%). Median rate on closed loans 6.49%; median loan $185,000; median property value $355,000.

9.1kApplications
17.8%Denial ratestate 19.8%
6.49%Median ratestate 6.63%
$185,000Median loan
$355,000Median property value

Largest lenders in Albany County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Broadview Federal Credit Union C 1,9951,272 24.6%6.25%
2 Sefcu Services A 760626 2.0%6.13%
3 Homestead Funding A 664535 1.4%6.49%
4 TrustCo Bank B 633379 18.0%5.99%
5 Citizens Bank C 452240 30.8%8.40%
6 Rocket Mortgage C 334226 21.9%6.88%
7 Sunmark Credit Union C 299213 8.7%6.75%
8 United Shore Financial Services B 246183 9.8%6.38%
9 KeyBank C 18297 22.5%6.63%
10 Bank of America F 17563 34.3%6.24%
11 Manufacturers and Traders Trust C 15779 28.7%6.38%
12 Newrez D 14755 22.5%7.00%
13 First New York C 14797 19.1%5.63%
14 Premium Mortgage A 13896 7.3%6.75%
15 Pioneer Bank D 13185 24.4%—
16 Broker Solutions D 10569 5.7%6.63%
17 Kiavi Funding D 8342 6.0%9.12%
18 JPMorgan Chase Bank B 8031 20.0%6.50%
19 Loan Funder F 8042 10.0%10.75%
20 Community Bank D 7648 13.2%7.06%
21 Pennymac Loan Services C 6834 11.8%6.50%
22 Ballston Spa National Bank A 6854 1.5%—
23 Discover Bank F 6716 56.7%8.79%
24 Glens Falls National Bank and Trust C 6743 19.4%6.50%
25 Hudson Valley Credit Union B 6633 25.8%6.37%

Best approval odds in Albany County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Homestead Funding5461.7%
2Ballston Spa National Bank571.8%
3Sefcu Services6472.3%
4Broker Solutions758.0%
5Premium Mortgage1069.4%
6Sunmark Credit Union25410.2%
7United Shore Financial Services21111.4%
8Loan Funder5016.0%
9Community Bank5817.2%
10NBT Bank5918.6%

What Albany County borrowers applied for

By loan purpose

Home purchase 3,946 44% · 8.4% denied
Refinance 1,066 12% · 19.2% denied
Cash-out refinance 1,064 12% · 20.9% denied
Home improvement 1,957 22% · 25.4% denied
Other / HELOC 1,038 11% · 34.8% denied

By loan type

Conventional 8,258 91% · 18.0% denied
FHA 573 6% · 18.0% denied
VA 233 3% · 13.3% denied
USDA / RHS 7 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 517 32%
Credit history 377 23%
Other 292 18%
Collateral 253 16%
Incomplete application 92 6%
Unverifiable information 39 2%
Insufficient cash 32 2%
Employment history 13 1%

Albany County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20238,1395,14116.9%6.50%$165,000
20247,7754,97817.0%6.75%$175,000
20259,0715,65617.8%6.49%$185,000

Frequently asked questions

17.8% of applications in Albany County were denied in 2025, against 19.8% statewide in New York.

Broadview Federal Credit Union, with 1,995 applications in 2025 and a denial rate of 24.6%.

The median mortgage application in Albany County in 2025 was for $185,000; the median property value on originated loans was $355,000.