Largest lenders in Madison County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | AMERICU Credit Union | C | 256 | 179 | 20.7% | 6.24% |
| 2 | NBT Bank | B | 162 | 114 | 17.3% | 4.99% |
| 3 | Empower Federal Credit Union | B | 160 | 128 | 11.9% | 7.25% |
| 4 | Community Bank | D | 141 | 106 | 12.1% | 6.99% |
| 5 | Rocket Mortgage | C | 110 | 75 | 23.6% | 7.13% |
| 6 | Manufacturers and Traders Trust | C | 71 | 42 | 29.6% | 6.00% |
| 7 | Citizens Bank | C | 49 | 28 | 30.6% | 8.28% |
| 8 | 21st Mortgage | F | 40 | 7 | 37.5% | 9.63% |
| 9 | G.P.O. Federal Credit Union | C | 39 | 19 | 46.2% | 3.99% |
| 10 | Geddes Federal Savings and Loan Association | B | 38 | 30 | 7.9% | 6.13% |
| 11 | Hunt Mortgage | B | 38 | 26 | 5.3% | 6.69% |
| 12 | First Source | D | 34 | 26 | 17.7% | 6.62% |
| 13 | Newrez | D | 30 | 10 | 20.0% | 6.81% |
| 14 | Everett Financial | C | 27 | 24 | 0.0% | 6.63% |
| 15 | Movement Mortgage | A | 27 | 13 | 7.4% | 6.63% |
| 16 | Mortgage Research Center | C | 25 | 19 | 8.0% | 6.63% |
| 17 | Sidney Federal Credit Union | B | 25 | 20 | 12.0% | 6.00% |
| 18 | Genesee Regional Bank | B | 24 | 18 | 4.2% | 6.81% |
| 19 | Bank of America | F | 23 | 6 | 39.1% | 6.50% |
| 20 | Sefcu Services | A | 23 | 23 | 0.0% | 6.00% |
| 21 | KeyBank | C | 22 | 18 | 18.2% | 6.56% |
| 22 | Broadview Federal Credit Union | C | 20 | 13 | 30.0% | 6.25% |
| 23 | Pennymac Loan Services | C | 19 | 11 | 10.5% | 6.25% |
| 24 | Homestead Funding | A | 18 | 17 | 5.6% | 6.63% |
| 25 | Northern Credit Union | B | 17 | 14 | 11.8% | 6.63% |
Best approval odds in Madison County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Empower Federal Credit Union | 149 | 12.8% |
| 2 | Community Bank | 123 | 13.8% |
| 3 | NBT Bank | 153 | 18.3% |
| 4 | AMERICU Credit Union | 232 | 22.8% |
| 5 | Rocket Mortgage | 102 | 25.5% |
| 6 | Manufacturers and Traders Trust | 65 | 32.3% |
What Madison County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Madison County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,582 | 1,025 | 20.5% | 6.59% | $115,000 |
| 2024 | 1,635 | 1,072 | 19.5% | 6.74% | $125,000 |
| 2025 | 1,869 | 1,246 | 17.7% | 6.63% | $135,000 |
Frequently asked questions
17.7% of applications in Madison County were denied in 2025, against 19.8% statewide in New York.
AMERICU Credit Union, with 256 applications in 2025 and a denial rate of 20.7%.
The median mortgage application in Madison County in 2025 was for $135,000; the median property value on originated loans was $275,000.