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Otsego County, New York · 2025

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

128 lenders acted on 1,437 mortgage applications for properties in Otsego County in 2025. 19.3% were denied (New York: 19.8%). Median rate on closed loans 6.63%; median loan $145,000; median property value $245,000.

1.4kApplications
19.3%Denial ratestate 19.8%
6.63%Median ratestate 6.63%
$145,000Median loan
$245,000Median property value

Largest lenders in Otsego County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Sidney Federal Credit Union B 230150 12.2%6.50%
2 Community Bank D 162110 20.4%7.25%
3 NBT Bank B 15989 22.6%4.99%
4 Rocket Mortgage C 11474 21.9%6.69%
5 Wayne Bank F 8243 15.9%—
6 Citizens Bank C 3916 28.2%7.95%
7 21st Mortgage F 322 46.9%9.60%
8 Homestead Funding A 2923 3.5%6.50%
9 Newrez D 296 20.7%6.31%
10 Loandepot.Com D 2415 33.3%6.99%
11 Premium Mortgage A 2415 4.2%6.63%
12 Visions Federal Credit Union C 238 30.4%7.25%
13 AMERICU Credit Union C 2315 26.1%6.24%
14 KeyBank C 2212 22.7%6.50%
15 Manufacturers and Traders Trust C 2111 23.8%5.99%
16 Plaza Home Mortgage C 1912 26.3%6.75%
17 JPMorgan Chase Bank B 1710 23.5%6.81%
18 1st Priority Mortgage A 1613 12.5%6.50%
19 Sefcu Services A 1613 0.0%6.38%
20 United Shore Financial Services B 1612 12.5%6.56%
21 Genesee Regional Bank B 149 7.1%6.88%
22 Farm Credit East, ACA A 1414 0.0%6.80%
23 Navy Federal Credit Union D 148 21.4%7.38%
24 Crosscountry Mortgage B 127 0.0%6.63%
25 Discover Bank F 111 54.6%7.25%

Best approval odds in Otsego County

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

#LenderDecidedDecision denial rate
1Sidney Federal Credit Union18814.9%
2Wayne Bank5722.8%
3Community Bank14422.9%
4Rocket Mortgage10124.8%
5NBT Bank13626.5%

What Otsego County borrowers applied for

By loan purpose

Home purchase 664 46% · 14.5% denied
Refinance 157 11% · 21.7% denied
Cash-out refinance 198 14% · 22.7% denied
Home improvement 226 16% · 19.9% denied
Other / HELOC 192 13% · 29.7% denied

By loan type

Conventional 1,267 88% · 18.9% denied
FHA 106 7% · 22.6% denied
VA 53 4% · 22.6% denied
USDA / RHS 11 1% · 18.2% denied

Why applications were denied

Debt-to-income ratio 80 32%
Collateral 58 23%
Credit history 42 17%
Other 33 13%
Incomplete application 17 7%
Unverifiable information 9 4%
Insufficient cash 7 3%
Employment history 6 2%
Mortgage insurance denied 1 0%

Otsego County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,11766521.0%6.75%$125,000
20241,26573722.7%6.88%$125,000
20251,43781819.3%6.63%$145,000

Frequently asked questions

19.3% of applications in Otsego County were denied in 2025, against 19.8% statewide in New York.

Sidney Federal Credit Union, with 230 applications in 2025 and a denial rate of 12.2%.

The median mortgage application in Otsego County in 2025 was for $145,000; the median property value on originated loans was $245,000.