New York Mortgage Lending in 2025
Explore residential mortgage lending activity in New York using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 147,341 actionable applications (Actions 1, 2, and 3).
How New York Compares
Key metrics: New York vs. U.S. (2025)
| Metric | New York | U.S. |
|---|---|---|
| Actionable Apps | 147,341 | 5,197,320 |
| Approval Rate | 85.21% | 82.12% |
| Denial Rate | 14.79% | 17.88% |
| Originations | 120,641 | 4,052,301 |
| Originated Volume | $56.72 Billion | $1.58 Trillion |
| Median Loan | $355,000 | $325,000 |
Lending Trends in New York
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 168,924 | 182,810 | +8.22% |
| Actionable Apps | 138,842 | 147,341 | +6.12% |
| Originations | 112,923 | 120,641 | +6.83% |
| Approval Rate | 84.83% | 85.21% | +0.38 pp |
| Denial Rate | 15.17% | 14.79% | -0.38 pp |
| Median Loan | $335,000 | $355,000 | +5.97% |
| Dollar Volume | $49.37 Billion | $56.72 Billion | +14.89% |
Applications by Borrower Income (New York)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 35,072 | 87.10% | 12.90% |
| $150k+ | 58,770 | 90.43% | 9.57% |
| $50k–$99,999 | 39,624 | 81.87% | 18.13% |
| <$50k | 9,419 | 61.44% | 38.56% |
| Income unavailable/entity | 4,456 | 81.58% | 18.42% |
Metropolitan Areas in New York
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| New York-Jersey City-White Plains | 63,918 | 51,769 | 84.28% |
| Nassau County-Suffolk County | 28,499 | 24,028 | 87.55% |
| Buffalo-Cheektowaga | 13,269 | 11,446 | 88.15% |
| Rochester | 11,966 | 10,190 | 88.36% |
| Albany-Schenectady-Troy | 10,217 | 8,439 | 86.67% |
| Kiryas Joel-Poughkeepsie-Newburgh | 7,395 | 5,920 | 83.80% |
| Syracuse | 6,897 | 5,701 | 85.86% |
| Utica-Rome | 3,064 | 2,392 | 81.79% |
| Binghamton | 2,135 | 1,708 | 83.23% |
| Kingston | 1,757 | 1,368 | 82.19% |
| Glens Falls | 1,489 | 1,174 | 82.07% |
| Watertown-Fort Drum | 1,481 | 1,178 | 83.79% |
| Elmira | 978 | 755 | 84.25% |
| Ithaca | 695 | 590 | 88.06% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in New York (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 9,550 | 88.92% |
| 2 | ROCKET MORTGAGE | 8,945 | 75.82% |
| 3 | JPMorgan Chase Bank, NA | 6,989 | 86.39% |
| 4 | Premium Mortgage Corporation | 4,676 | 96.91% |
| 5 | CROSSCOUNTRY MORTGAGE, LLC | 4,377 | 95.50% |
| 6 | Homestead Funding Corp. | 3,550 | 97.97% |
| 7 | M&T BANK | 2,795 | 87.79% |
| 8 | CITIZENS BANK, NA | 2,644 | 86.74% |
| 9 | Citibank, NA | 2,545 | 89.56% |
| 10 | WELLS FARGO BANK NA | 2,313 | 81.06% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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