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Richmond County, New York · 2025

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

249 lenders acted on 9,254 mortgage applications for properties in Richmond County in 2025. 19.8% were denied (New York: 19.8%). Median rate on closed loans 6.63%; median loan $395,000; median property value $755,000.

9.3kApplications
19.8%Denial ratestate 19.8%
6.63%Median ratestate 6.63%
$395,000Median loan
$755,000Median property value

Largest lenders in Richmond County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 629442 12.2%6.50%
2 Citizens Bank C 553282 38.2%8.15%
3 TD Bank D 531258 30.9%7.89%
4 Rocket Mortgage C 481328 21.8%6.88%
5 JPMorgan Chase Bank B 476315 12.4%6.38%
6 Newrez D 415195 20.7%6.50%
7 Citibank B 304111 24.7%7.00%
8 Municipal Credit Union D 299127 22.7%6.88%
9 Bank of America F 29297 39.4%6.24%
10 Crosscountry Mortgage B 260161 7.3%6.75%
11 Northfield Bank D 237125 38.0%—
12 Pennymac Loan Services C 203149 12.3%6.50%
13 Manufacturers and Traders Trust C 16572 43.0%5.99%
14 Broker Solutions D 164112 0.6%6.75%
15 The Federal Savings Bank C 151124 5.3%6.63%
16 Royal Business Bank C 14297 2.8%6.25%
17 First Central Savings Bank A 135127 0.0%—
18 Discover Bank F 13421 54.5%8.43%
19 Flagstar Bank C 12544 40.0%6.69%
20 Cathay Bank A 11483 7.0%6.38%
21 Bank of Hope C 11397 3.5%6.13%
22 Metro City Bank B 111104 0.9%6.25%
23 Contour Mortgage B 10983 0.9%6.63%
24 Bethpage Federal Credit Union C 10436 54.8%6.56%
25 Nationwide Mortgage Bankers C 9973 3.0%6.88%

Best approval odds in Richmond County

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

#LenderDecidedDecision denial rate
1First Central Savings Bank1270.0%
2Broker Solutions1160.9%
3Metro City Bank1100.9%
4Contour Mortgage861.2%
5Nationwide Mortgage Bankers833.6%
6Bank of Hope1103.6%
7Royal Business Bank1014.0%
8Hanover Community Bank724.2%
9The Federal Savings Bank1336.0%
10The Dart Bank577.0%

What Richmond County borrowers applied for

By loan purpose

Home purchase 4,445 48% · 9.0% denied
Refinance 997 11% · 24.2% denied
Cash-out refinance 1,445 16% · 21.0% denied
Home improvement 1,165 13% · 38.2% denied
Other / HELOC 1,202 13% · 36.9% denied

By loan type

Conventional 8,541 92% · 19.7% denied
FHA 595 6% · 22.2% denied
VA 116 1% · 20.7% denied
USDA / RHS 2 0% · 50.0% denied

Why applications were denied

Debt-to-income ratio 827 45%
Credit history 368 20%
Collateral 260 14%
Other 140 8%
Incomplete application 105 6%
Unverifiable information 63 3%
Insufficient cash 49 3%
Employment history 12 1%

Richmond County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20238,4764,71923.5%6.75%$355,000
20248,6904,96921.5%6.88%$355,000
20259,2545,38419.8%6.63%$395,000

Frequently asked questions

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

United Shore Financial Services, with 629 applications in 2025 and a denial rate of 12.2%.

The median mortgage application in Richmond County in 2025 was for $395,000; the median property value on originated loans was $755,000.