Find a better mortgage lender

Erie County, New York · 2025

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

300 lenders acted on 24,224 mortgage applications for properties in Erie County in 2025. 17.8% were denied (New York: 19.8%). Median rate on closed loans 6.60%; median loan $175,000; median property value $305,000.

24kApplications
17.8%Denial ratestate 19.8%
6.60%Median ratestate 6.63%
$175,000Median loan
$305,000Median property value

Largest lenders in Erie County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Manufacturers and Traders Trust C 3,1442,140 22.0%5.99%
2 Citizens Bank C 2,1141,259 27.3%8.40%
3 United Shore Financial Services B 1,8801,637 7.0%6.40%
4 Rocket Mortgage C 1,5521,156 18.2%6.75%
5 KeyBank C 1,245772 23.9%6.50%
6 Premium Mortgage A 1,2411,135 1.7%6.63%
7 Crosscountry Mortgage B 865648 2.5%6.75%
8 Northwest Bank B 821585 18.3%6.25%
9 Bank of America F 785332 36.1%6.25%
10 1st Priority Mortgage A 449408 3.8%6.63%
11 Broadview Federal Credit Union C 448264 29.9%6.00%
12 Hunt Mortgage B 446382 3.1%6.63%
13 Cornerstone Community Federal Credit Union A 435311 10.6%3.99%
14 CNB Bank A 324233 16.4%5.25%
15 Five Star Bank C 310216 9.7%6.63%
16 Newrez D 30499 22.4%6.88%
17 Community Bank D 304203 20.7%7.00%
18 Western Division Federal Credit Union A 303249 12.2%—
19 THE SUMMIT Federal Credit Union C 300151 33.0%7.25%
20 Discover Bank F 27335 52.0%8.68%
21 NBT Bank B 269178 21.2%6.00%
22 Navy Federal Credit Union D 228121 18.4%7.25%
23 Pennymac Loan Services C 210119 9.5%6.38%
24 JPMorgan Chase Bank B 201111 13.9%6.58%
25 Homestead Funding A 190176 1.1%6.50%

Best approval odds in Erie County

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

#LenderDecidedDecision denial rate
1Homestead Funding1781.1%
2NVR Mortgage Finance621.6%
3Sefcu Services581.7%
4Premium Mortgage1,1581.8%
5Velocity Commercial Capital531.9%
6Great Erie872.3%
7Movement Mortgage1472.7%
8Crosscountry Mortgage6753.3%
9Hunt Mortgage4013.5%
10Guidance Residential793.8%

What Erie County borrowers applied for

By loan purpose

Home purchase 10,408 43% · 8.2% denied
Refinance 3,088 13% · 18.2% denied
Cash-out refinance 3,830 16% · 17.4% denied
Home improvement 3,987 16% · 31.6% denied
Other / HELOC 2,911 12% · 33.4% denied

By loan type

Conventional 21,032 87% · 18.1% denied
FHA 2,316 10% · 18.4% denied
VA 868 4% · 10.3% denied
USDA / RHS 8 0% · 25.0% denied

Why applications were denied

Debt-to-income ratio 1,472 34%
Credit history 1,110 26%
Collateral 713 17%
Other 462 11%
Incomplete application 312 7%
Unverifiable information 117 3%
Insufficient cash 70 2%
Employment history 26 1%

Erie County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202322,27914,62920.2%6.88%$145,000
202422,11714,64918.8%6.88%$155,000
202524,22416,22817.8%6.60%$175,000

Frequently asked questions

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

Manufacturers and Traders Trust, with 3,144 applications in 2025 and a denial rate of 22.0%.

The median mortgage application in Erie County in 2025 was for $175,000; the median property value on originated loans was $305,000.