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Montgomery County, New York · 2025

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

126 lenders acted on 1,415 mortgage applications for properties in Montgomery County in 2025. 23.3% were denied (New York: 19.8%). Median rate on closed loans 6.62%; median loan $135,000; median property value $225,000.

1.4kApplications
23.3%Denial ratestate 19.8%
6.62%Median ratestate 6.63%
$135,000Median loan
$225,000Median property value

Largest lenders in Montgomery County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Broadview Federal Credit Union C 176109 27.3%6.25%
2 Homestead Funding A 10791 3.7%6.38%
3 NBT Bank B 9042 41.1%5.00%
4 Rocket Mortgage C 8950 32.6%6.63%
5 Community Bank D 6745 11.9%7.25%
6 Newrez D 5332 9.4%6.63%
7 Sefcu Services A 5035 6.0%6.25%
8 Empower Federal Credit Union B 4123 31.7%7.25%
9 KeyBank C 4028 20.0%6.38%
10 Sunmark Credit Union C 4027 0.0%6.50%
11 Citizens Bank C 3516 31.4%8.40%
12 United Shore Financial Services B 3526 5.7%6.55%
13 Farm Credit East, ACA A 2423 0.0%6.75%
14 First New York C 2416 20.8%5.49%
15 21st Mortgage F 231 60.9%11.03%
16 Premium Mortgage A 2319 13.0%6.63%
17 TrustCo Bank B 2114 23.8%6.37%
18 Champions Funding F 2016 0.0%8.75%
19 Loan Funder F 1912 15.8%7.44%
20 Sidney Federal Credit Union B 1913 10.5%6.31%
21 Manufacturers and Traders Trust C 1812 27.8%6.40%
22 Pennymac Loan Services C 1810 22.2%6.13%
23 Discover Bank F 150 66.7%—
24 AMERICU Credit Union C 157 40.0%6.25%
25 Freedom Mortgage B 144 21.4%7.31%

Best approval odds in Montgomery County

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

#LenderDecidedDecision denial rate
1Homestead Funding964.2%
2Community Bank5414.8%
3Broadview Federal Credit Union15730.6%
4Rocket Mortgage8036.3%
5NBT Bank8444.1%

What Montgomery County borrowers applied for

By loan purpose

Home purchase 660 47% · 15.3% denied
Refinance 126 9% · 22.2% denied
Cash-out refinance 222 16% · 26.1% denied
Home improvement 273 19% · 31.1% denied
Other / HELOC 134 9% · 42.5% denied

By loan type

Conventional 1,150 81% · 24.8% denied
FHA 204 14% · 16.7% denied
VA 54 4% · 18.5% denied
USDA / RHS 7 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 92 28%
Credit history 92 28%
Collateral 65 20%
Other 39 12%
Incomplete application 21 6%
Unverifiable information 9 3%
Insufficient cash 4 1%
Employment history 4 1%

Montgomery County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,17268820.5%6.75%$125,000
20241,23469123.8%6.88%$125,000
20251,41583223.3%6.62%$135,000

Frequently asked questions

23.3% of applications in Montgomery County were denied in 2025, against 19.8% statewide in New York.

Broadview Federal Credit Union, with 176 applications in 2025 and a denial rate of 27.3%.

The median mortgage application in Montgomery County in 2025 was for $135,000; the median property value on originated loans was $225,000.