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Queens County, New York · 2025

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

339 lenders acted on 27,220 mortgage applications for properties in Queens County in 2025. 22.4% were denied (New York: 19.8%). Median rate on closed loans 6.62%; median loan $425,000; median property value $855,000.

27kApplications
22.4%Denial ratestate 19.8%
6.62%Median ratestate 6.63%
$425,000Median loan
$855,000Median property value

Largest lenders in Queens County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 JPMorgan Chase Bank B 2,1481,343 12.2%6.38%
2 United Shore Financial Services B 1,9171,299 14.2%6.48%
3 Citizens Bank C 1,692729 44.9%7.65%
4 TD Bank D 1,324504 35.7%7.44%
5 Citibank B 1,135441 21.1%6.25%
6 Rocket Mortgage C 1,087706 26.2%6.63%
7 Bank of America F 846194 48.0%6.13%
8 Newrez D 726216 30.3%6.63%
9 Bethpage Federal Credit Union C 709204 59.8%6.49%
10 East West Bank B 612409 13.1%6.75%
11 Municipal Credit Union D 514168 31.7%6.88%
12 Wells Fargo Bank B 460201 24.4%6.38%
13 Cathay Bank A 449333 7.8%6.38%
14 CMG Mortgage A 438322 6.2%6.25%
15 Crosscountry Mortgage B 409250 7.8%6.63%
16 Pennymac Loan Services C 382214 20.7%6.38%
17 Nationwide Mortgage Bankers C 373228 5.1%6.63%
18 Manufacturers and Traders Trust C 360128 45.8%5.99%
19 A&D Mortgage C 328174 7.9%6.99%
20 Contour Mortgage B 290158 5.5%6.63%
21 Loan Funder F 290130 7.9%10.50%
22 Homebridge Financial Services B 280173 29.3%7.75%
23 Meadowbrook Financial Mortgage Bankers D 271158 4.1%6.75%
24 Discover Bank F 25920 64.1%8.98%
25 Metro City Bank B 241212 3.7%6.25%

Best approval odds in Queens County

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

#LenderDecidedDecision denial rate
1First Central Savings Bank1450.0%
2Shinhan Bank America661.5%
3General Mortgage Capital631.6%
4FM Home Loans982.0%
5Finance of America Reverse583.5%
6Metro City Bank2383.8%
7Summit Mortgage Bankers1023.9%
8Stg Mortgage884.6%
9Bank of Hope2035.9%
10Nationwide Mortgage Bankers3126.1%

What Queens County borrowers applied for

By loan purpose

Home purchase 14,504 53% · 12.8% denied
Refinance 2,755 10% · 24.7% denied
Cash-out refinance 4,147 15% · 19.8% denied
Home improvement 3,231 12% · 49.0% denied
Other / HELOC 2,583 9% · 44.8% denied

By loan type

Conventional 25,160 92% · 22.5% denied
FHA 1,833 7% · 20.8% denied
VA 211 1% · 21.8% denied
USDA / RHS 16 0% · 6.3% denied

Why applications were denied

Debt-to-income ratio 2,386 39%
Collateral 1,314 22%
Credit history 1,011 17%
Other 536 9%
Incomplete application 376 6%
Unverifiable information 264 4%
Insufficient cash 133 2%
Employment history 41 1%

Queens County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202323,67112,21825.1%6.63%$385,000
202424,95912,55924.7%6.87%$385,000
202527,22013,99922.4%6.62%$425,000

Frequently asked questions

22.4% of applications in Queens County were denied in 2025, against 19.8% statewide in New York.

JPMorgan Chase Bank, with 2,148 applications in 2025 and a denial rate of 12.2%.

The median mortgage application in Queens County in 2025 was for $425,000; the median property value on originated loans was $855,000.