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Rensselaer County, New York · 2025

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

182 lenders acted on 4,930 mortgage applications for properties in Rensselaer County in 2025. 18.1% were denied (New York: 19.8%). Median rate on closed loans 6.49%; median loan $175,000; median property value $325,000.

4.9kApplications
18.1%Denial ratestate 19.8%
6.49%Median ratestate 6.63%
$175,000Median loan
$325,000Median property value

Largest lenders in Rensselaer County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Broadview Federal Credit Union C 1,130673 27.6%6.25%
2 Homestead Funding A 392315 2.6%6.49%
3 Sefcu Services A 385315 2.1%6.13%
4 TrustCo Bank B 248168 19.8%5.88%
5 Rocket Mortgage C 217153 20.7%6.75%
6 Citizens Bank C 17782 37.3%8.40%
7 Sunmark Credit Union C 150106 11.3%6.38%
8 United Shore Financial Services B 146119 9.6%6.46%
9 KeyBank C 11064 27.3%6.56%
10 Premium Mortgage A 10878 4.6%6.62%
11 Manufacturers and Traders Trust C 10349 28.2%5.99%
12 Pioneer Bank D 8761 19.5%—
13 Newrez D 8427 22.6%6.99%
14 First New York C 5737 10.5%5.49%
15 Pennymac Loan Services C 5525 14.6%6.50%
16 Glens Falls National Bank and Trust C 5541 12.7%6.50%
17 Community Bank D 5537 12.7%7.12%
18 Broker Solutions D 5032 6.0%6.75%
19 Bank of America F 4823 31.3%6.38%
20 Navy Federal Credit Union D 4721 10.6%6.38%
21 Kiavi Funding D 4437 6.8%9.25%
22 Loan Funder F 4331 7.0%10.25%
23 Discover Bank F 424 54.8%7.67%
24 JPMorgan Chase Bank B 4025 2.5%6.50%
25 Freedom Mortgage B 3111 9.7%6.75%

Best approval odds in Rensselaer County

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

#LenderDecidedDecision denial rate
1Sefcu Services3282.4%
2Homestead Funding3253.1%
3Premium Mortgage836.0%
4United Shore Financial Services13410.5%
5Sunmark Credit Union13412.7%
6Pioneer Bank8121.0%
7TrustCo Bank22421.9%
8Rocket Mortgage20322.2%
9KeyBank9730.9%
10Broadview Federal Credit Union99631.3%

What Rensselaer County borrowers applied for

By loan purpose

Home purchase 2,146 44% · 8.3% denied
Refinance 555 11% · 21.1% denied
Cash-out refinance 635 13% · 18.6% denied
Home improvement 1,058 21% · 26.8% denied
Other / HELOC 536 11% · 36.0% denied

By loan type

Conventional 4,306 87% · 18.5% denied
FHA 437 9% · 16.7% denied
VA 175 4% · 12.0% denied
USDA / RHS 12 0% · 8.3% denied

Why applications were denied

Debt-to-income ratio 262 30%
Credit history 247 28%
Other 163 18%
Collateral 130 15%
Incomplete application 47 5%
Unverifiable information 21 2%
Insufficient cash 11 1%
Employment history 5 1%

Rensselaer County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20234,3992,81817.6%6.63%$145,000
20244,5862,91617.5%6.75%$155,000
20254,9303,08818.1%6.49%$175,000

Frequently asked questions

18.1% of applications in Rensselaer County were denied in 2025, against 19.8% statewide in New York.

Broadview Federal Credit Union, with 1,130 applications in 2025 and a denial rate of 27.6%.

The median mortgage application in Rensselaer County in 2025 was for $175,000; the median property value on originated loans was $325,000.