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New York County, New York · 2025

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

296 lenders acted on 13,099 mortgage applications for properties in New York County in 2025. 14.9% were denied (New York: 19.8%). Median rate on closed loans 6.13%; median loan $695,000; median property value $1,370,000.

13kApplications
14.9%Denial ratestate 19.8%
6.13%Median ratestate 6.63%
$695,000Median loan
$1,370,000Median property value

Largest lenders in New York County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 JPMorgan Chase Bank B 1,9351,241 9.4%6.00%
2 Citibank B 1,371823 10.3%6.00%
3 Wells Fargo Bank B 1,157665 10.6%5.88%
4 Citizens Bank C 1,153698 20.6%6.13%
5 Bank of America F 621325 30.4%5.50%
6 TD Bank D 519266 20.2%6.13%
7 Crosscountry Mortgage B 449292 5.6%6.74%
8 U.S. Bank D 421253 14.0%6.00%
9 Morgan Stanley Private Bank A 367259 2.7%5.75%
10 HSBC Bank USA B 342192 11.4%6.00%
11 Rocket Mortgage C 280146 35.4%6.50%
12 Guaranteed Rate Affinity A 233107 4.7%6.50%
13 Guaranteed Rate B 21087 4.3%6.50%
14 National Cooperative Bank C 181135 9.4%6.58%
15 Manufacturers and Traders Trust C 15994 20.8%5.88%
16 UBS Bank USA A 158110 7.6%5.75%
17 Unnamed lender 254900IRE136HFEI2562 B 13892 5.1%6.75%
18 United Shore Financial Services B 13263 26.5%6.38%
19 Loandepot.Com D 13185 10.7%6.50%
20 Dime Community Bank D 11063 17.3%—
21 Newrez D 11039 20.0%6.50%
22 Bethpage Federal Credit Union C 10535 51.4%6.38%
23 Goldman Sachs Bank USA C 10142 22.8%5.67%
24 United Nations Federal Credit Union B 9978 8.1%5.75%
25 East West Bank B 9757 17.5%6.75%

Best approval odds in New York County

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

#LenderDecidedDecision denial rate
1Morgan Stanley Private Bank2983.4%
2Amalgamated Bank563.6%
3Unnamed lender 254900IRE136HFEI2562997.1%
4Crosscountry Mortgage3207.8%
5United Nations Federal Credit Union879.2%
6Guaranteed Rate Affinity1199.2%
7Guaranteed Rate979.3%
8UBS Bank USA1239.8%
9Charles Schwab Bank8010.0%
10National Cooperative Bank15311.1%

What New York County borrowers applied for

By loan purpose

Home purchase 8,556 65% · 10.0% denied
Refinance 1,869 14% · 16.0% denied
Cash-out refinance 981 7% · 20.1% denied
Home improvement 585 4% · 44.4% denied
Other / HELOC 1,108 8% · 31.0% denied

By loan type

Conventional 13,062 100% · 14.9% denied
FHA 24 0% · 25.0% denied
VA 13 0% · 15.4% denied

Why applications were denied

Collateral 818 42%
Debt-to-income ratio 546 28%
Other 187 10%
Credit history 172 9%
Incomplete application 82 4%
Unverifiable information 66 3%
Insufficient cash 42 2%
Employment history 15 1%

New York County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202311,6066,81415.9%5.88%$695,000
202411,3216,37517.2%6.38%$655,000
202513,0997,52114.9%6.13%$695,000

Frequently asked questions

14.9% of applications in New York County were denied in 2025, against 19.8% statewide in New York.

JPMorgan Chase Bank, with 1,935 applications in 2025 and a denial rate of 9.4%.

The median mortgage application in New York County in 2025 was for $695,000; the median property value on originated loans was $1,370,000.