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2024 data HMDA 2024 disclosure official source

New York County

11,664 mortgage applications, 16.7% denial rate. Verify FIPS 36061 with U.S. Census Bureau →

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New York · FIPS 36061

Local mortgage market. New York County, New York saw 11,664 HMDA-reported mortgage applications in 2024. Lenders originated 6,375 of those loans and denied 1,948, producing a denial rate of 16.7% and an approval (origination) rate of 54.7%. The average loan amount was $1,849,799 at an average note rate of 6.54%, with applicants self-reporting average annual income of $34K. 228 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 54.4x, meaning typical borrowers took on mortgages of about 54.4 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 36061 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

11,664
Applications
6,375
Originated
16.7%
Denial Rate
54.7%
Approval Rate
$1,849,799
Avg Loan Amount
6.54%
Avg Interest Rate
$34K
Avg Applicant Income
54.4x
Loan-to-Income Ratio

Nearby Lenders in New York County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 JPMorgan Chase Bank, NA 839 13.2%
2 Citibank, NA 809 12.7%
3 Wells Fargo Bank NA 636 10.0%
4 CBNA Year to Date 496 7.8%
5 Bank of America NA 258 4.0%
Compare JPMorgan Chase Bank, NA vs Citibank, NA →

Frequently Asked Questions

How many mortgage applications were filed in New York County?
In the 2024 HMDA reporting year, 11,664 mortgage applications were filed in New York County, New York. Of these, 6,375 were originated (approved and funded), while 1,948 were denied, resulting in a denial rate of 16.7%.
What is the mortgage denial rate in New York County?
The mortgage denial rate in New York County is 16.7%. The approval (origination) rate is 54.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in New York County?
The average mortgage loan amount in New York County is $1,849,799. The average interest rate is 6.536%. The average applicant income is $34K.
What is the loan-to-income ratio in New York County?
The average loan-to-income ratio in New York County is 54.4x, meaning borrowers took on loans averaging 54.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in New York County?
The top mortgage lenders in New York County by origination volume are JPMorgan Chase Bank, NA, Citibank, NA, Wells Fargo Bank NA. In total, 228 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.