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Chemung County, New York · 2025

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

120 lenders acted on 2,222 mortgage applications for properties in Chemung County in 2025. 19.1% were denied (New York: 19.8%). Median rate on closed loans 6.50%; median loan $105,000; median property value $175,000.

2.2kApplications
19.1%Denial ratestate 19.8%
6.50%Median ratestate 6.63%
$105,000Median loan
$175,000Median property value

Largest lenders in Chemung County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Corning Credit Union A 408265 15.0%6.14%
2 First Heritage Federal Credit Union C 262179 21.0%6.24%
3 Movement Mortgage A 215164 8.8%6.63%
4 Visions Federal Credit Union C 12964 31.0%7.25%
5 Rocket Mortgage C 12982 27.1%6.81%
6 Community Bank D 10162 24.8%7.24%
7 Everett Financial C 7058 5.7%6.75%
8 Chemung Canal Trust C 6545 16.9%6.50%
9 Manufacturers and Traders Trust C 6034 25.0%6.06%
10 Empower Federal Credit Union B 5439 18.5%7.25%
11 Servu Federal Credit Union C 4232 19.1%—
12 American Financial Network C 4030 5.0%6.93%
13 Mortgage Research Center C 3624 5.6%6.75%
14 21st Mortgage F 314 54.8%10.88%
15 1st Priority Mortgage A 2820 14.3%6.44%
16 Citizens & Northern Bank C 2821 7.1%7.25%
17 Pike Creek Mortgage Services B 2720 3.7%6.50%
18 Navy Federal Credit Union D 206 15.0%6.13%
19 Citizens Bank C 179 29.4%9.40%
20 Five Star Bank C 1710 11.8%7.00%
21 Loandepot.Com D 168 37.5%7.44%
22 Pennymac Loan Services C 159 0.0%5.63%
23 Crosscountry Mortgage B 1510 6.7%7.50%
24 Triad Financial Services D 153 40.0%8.65%
25 Discover Bank F 144 64.3%8.46%

Best approval odds in Chemung County

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

#LenderDecidedDecision denial rate
1Everett Financial636.4%
2Movement Mortgage2089.1%
3Corning Credit Union36816.6%
4Chemung Canal Trust6417.2%
5Empower Federal Credit Union5119.6%
6First Heritage Federal Credit Union23823.1%
7Community Bank8728.7%
8Rocket Mortgage11929.4%
9Visions Federal Credit Union10538.1%

What Chemung County borrowers applied for

By loan purpose

Home purchase 1,107 50% · 12.1% denied
Refinance 174 8% · 21.3% denied
Cash-out refinance 244 11% · 19.7% denied
Home improvement 375 17% · 27.2% denied
Other / HELOC 322 14% · 32.0% denied

By loan type

Conventional 1,824 82% · 20.1% denied
FHA 289 13% · 17.0% denied
VA 106 5% · 8.5% denied
USDA / RHS 3 0% · 0.0% denied

Why applications were denied

Credit history 153 37%
Debt-to-income ratio 105 25%
Collateral 63 15%
Other 59 14%
Incomplete application 18 4%
Unverifiable information 8 2%
Insufficient cash 6 1%
Employment history 1 0%

Chemung County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,0851,32618.8%6.74%$85,000
20242,0441,35216.5%6.88%$95,000
20252,2221,39419.1%6.50%$105,000

Frequently asked questions

19.1% of applications in Chemung County were denied in 2025, against 19.8% statewide in New York.

Corning Credit Union, with 408 applications in 2025 and a denial rate of 15.0%.

The median mortgage application in Chemung County in 2025 was for $105,000; the median property value on originated loans was $175,000.