Largest lenders in Allegany County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Community Bank | D | 266 | 171 | 18.8% | 7.24% |
| 2 | Rocket Mortgage | C | 123 | 79 | 30.9% | 6.99% |
| 3 | Servu Federal Credit Union | C | 52 | 43 | 9.6% | — |
| 4 | Manufacturers and Traders Trust | C | 33 | 18 | 39.4% | 5.99% |
| 5 | Five Star Bank | C | 29 | 17 | 24.1% | 6.75% |
| 6 | Premium Mortgage | A | 25 | 19 | 8.0% | 6.62% |
| 7 | 21st Mortgage | F | 19 | 6 | 31.6% | 9.20% |
| 8 | United Shore Financial Services | B | 19 | 13 | 15.8% | 6.49% |
| 9 | Navy Federal Credit Union | D | 19 | 7 | 31.6% | 7.50% |
| 10 | 1st Priority Mortgage | A | 17 | 16 | 0.0% | 6.69% |
| 11 | Mortgage Research Center | C | 14 | 9 | 14.3% | 6.38% |
| 12 | Tompkins Community Bank | B | 14 | 8 | 42.9% | 6.63% |
| 13 | Farm Credit East, ACA | A | 13 | 11 | 7.7% | 6.90% |
| 14 | First Heritage Federal Credit Union | C | 13 | 10 | 23.1% | 6.25% |
| 15 | Citizens Bank | C | 12 | 3 | 58.3% | 7.90% |
| 16 | ESL Federal Credit Union | B | 12 | 5 | 50.0% | 6.63% |
| 17 | Discover Bank | F | 10 | 2 | 50.0% | 8.63% |
| 18 | Bank of America | F | 8 | 2 | 37.5% | 6.25% |
| 19 | Crosscountry Mortgage | B | 8 | 6 | 0.0% | 6.66% |
| 20 | Royal United Mortgage | F | 8 | 5 | 37.5% | 7.25% |
| 21 | First Citizens Community Bank | B | 8 | 5 | 12.5% | 7.50% |
| 22 | Nationstar Mortgage | C | 7 | 3 | 28.6% | 5.88% |
| 23 | USAA Federal Savings Bank | C | 6 | 2 | 16.7% | 6.94% |
| 24 | Loandepot.Com | D | 6 | 5 | 16.7% | 6.99% |
| 25 | Pennymac Loan Services | C | 5 | 2 | 20.0% | 6.37% |
Best approval odds in Allegany County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Community Bank | 227 | 22.0% |
| 2 | Rocket Mortgage | 119 | 31.9% |
What Allegany County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Allegany County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 753 | 477 | 22.4% | 7.00% | $85,000 |
| 2024 | 745 | 475 | 20.9% | 7.18% | $85,000 |
| 2025 | 860 | 528 | 23.3% | 6.99% | $95,000 |
Frequently asked questions
23.3% of applications in Allegany County were denied in 2025, against 19.8% statewide in New York.
Community Bank, with 266 applications in 2025 and a denial rate of 18.8%.
The median mortgage application in Allegany County in 2025 was for $95,000; the median property value on originated loans was $165,000.