New York-Jersey City-White Plains

Metro-area mortgage activity. The New York-Jersey City-White Plains Metropolitan Statistical Area (MSA code 35614) recorded 165,689 HMDA-reported mortgage applications in 2024. Lenders originated 80,795 of those and denied others at a rate of 20.6%, for an approval (origination) rate of 48.8%. The average loan amount across the MSA was $729,986 at an average note rate of 7.18%. 20 major lenders are tracked for this metro — JPMorgan Chase Bank, NA, United Wholesale Mortgage, CBNA Year to Date lead by origination volume.

What MSA numbers tell you — and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single New York-Jersey City-White Plains denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. Metro denial rates are shaped primarily by applicant mix — credit profile, loan-to-value, debt-to-income, property type — not by a single "local market" stance. A $20.6% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $729,986 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood.

How to use this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — federal transparency data, not a real-time mortgage rate quote. A metro-level number is useful context but says nothing about what any particular lender will offer a specific borrower; rates, fees, and underwriting vary by lender, product, and file. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates carefully, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset.