New York Mortgage Lending
623 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 383,577 HMDA-reported mortgage applications in New York in 2024, originating 208,787 loans and denying 74,545. That puts the statewide denial rate at 19.4% and the approval (origination) rate at 54.4%. The average loan amount across New York was $458,435 at an average note rate of 7.11%. 623 distinct institutions, banks, credit unions, and independent mortgage companies, filed HMDA data covering activity in the state. Applications span 62 counties and 15 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups, for example, White applicants had an approval rate of 61.7% and denial rate of 18.9%; while Asian applicants had an approval rate of 56.3% and denial rate of 19.0%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Suffolk County, Nassau County, Queens County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau, a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in New York
Top HMDA-reporting lenders active in New York. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Rocket Mortgage | 11,366 | 5.4% |
| 2 | United Wholesale Mortgage | 10,994 | 5.3% |
| 3 | CBNA Year to Date | 8,689 | 4.2% |
| 4 | JPMorgan Chase Bank, NA | 7,362 | 3.5% |
| 5 | M&T Bank | 6,725 | 3.2% |
Lending by Race in New York
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 222,276 | 61.7% | 18.9% |
| Asian | 33,951 | 56.3% | 19.0% |
| Black or African American | 29,205 | 45.4% | 31.2% |
| Joint | 6,249 | 63.4% | 15.3% |
| American Indian or Alaska Native | 1,581 | 37.8% | 37.8% |
| 2 or more minority races | 918 | 39.5% | 37.9% |
| Native Hawaiian or Other Pacific Islander | 783 | 39.9% | 37.5% |
Counties in New York
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Suffolk County | 46,185 | 23,796 | 20.1% | $440,145 |
| Nassau County | 33,897 | 16,958 | 22.8% | $565,977 |
| Queens County | 26,512 | 12,557 | 23.3% | $659,823 |
| Erie County | 24,268 | 14,651 | 17.1% | $208,652 |
| Monroe County | 24,222 | 14,764 | 14.7% | $202,359 |
| Kings County | 23,605 | 11,228 | 22.3% | $1,187,425 |
| Westchester County | 18,941 | 10,397 | 18.5% | $585,037 |
| Onondaga County | 13,037 | 7,920 | 16.8% | $184,580 |
| Orange County | 12,656 | 6,877 | 21.0% | $297,660 |
| New York County | 11,664 | 6,375 | 16.7% | $1,849,799 |
| Richmond County | 9,174 | 4,969 | 20.4% | $416,222 |
| Albany County | 8,422 | 4,967 | 15.7% | $222,102 |
| Bronx County | 8,390 | 3,554 | 25.7% | $843,337 |
| Rockland County | 8,213 | 4,312 | 21.1% | $489,494 |
| Dutchess County | 8,195 | 4,571 | 20.6% | $308,778 |
| Saratoga County | 7,733 | 4,479 | 16.7% | $250,733 |
| Niagara County | 5,992 | 3,561 | 17.0% | $281,956 |
| Oneida County | 5,672 | 3,483 | 17.7% | $209,420 |
| Schenectady County | 5,153 | 2,903 | 16.8% | $202,136 |
| Rensselaer County | 4,988 | 2,906 | 16.0% | $214,673 |
| Ulster County | 4,878 | 2,701 | 20.5% | $282,612 |
| Broome County | 4,679 | 2,641 | 17.6% | $153,880 |
| Ontario County | 3,685 | 2,254 | 14.4% | $198,083 |
| Oswego County | 3,232 | 1,937 | 20.1% | $132,222 |
| Sullivan County | 3,040 | 1,588 | 21.8% | $260,865 |
| Jefferson County | 3,036 | 1,793 | 16.3% | $199,246 |
| Wayne County | 3,024 | 1,915 | 15.7% | $145,073 |
| Putnam County | 2,904 | 1,582 | 20.0% | $305,882 |
| Chautauqua County | 2,501 | 1,507 | 21.2% | $133,944 |
| Steuben County | 2,467 | 1,530 | 16.0% | $131,623 |
| Chemung County | 2,157 | 1,352 | 15.6% | $125,181 |
| Warren County | 2,061 | 1,103 | 17.9% | $224,510 |
| Cayuga County | 1,919 | 1,184 | 18.8% | $146,355 |
| Columbia County | 1,839 | 956 | 19.9% | $283,015 |
| Washington County | 1,777 | 908 | 19.0% | $176,035 |
| Madison County | 1,775 | 1,072 | 18.0% | $164,786 |
| Livingston County | 1,675 | 1,031 | 15.7% | $154,976 |
| Greene County | 1,667 | 846 | 19.9% | $245,954 |
| Herkimer County | 1,630 | 951 | 20.9% | $141,239 |
| Tompkins County | 1,594 | 1,052 | 15.5% | $756,035 |
| Genesee County | 1,508 | 889 | 18.8% | $141,731 |
| Clinton County | 1,496 | 822 | 18.8% | $175,856 |
| Fulton County | 1,483 | 799 | 20.9% | $152,276 |
| Cattaraugus County | 1,455 | 819 | 19.0% | $144,863 |
| St. Lawrence County | 1,428 | 807 | 22.2% | $129,580 |
| Montgomery County | 1,351 | 688 | 21.8% | $143,964 |
| Otsego County | 1,337 | 737 | 21.5% | $159,316 |
| Tioga County | 1,214 | 655 | 20.1% | $138,517 |
| Orleans County | 1,164 | 686 | 18.8% | $117,672 |
| Delaware County | 1,116 | 559 | 23.4% | $178,145 |
| Chenango County | 1,052 | 583 | 20.3% | $126,502 |
| Cortland County | 1,022 | 618 | 20.8% | $151,164 |
| Essex County | 970 | 572 | 17.4% | $267,979 |
| Wyoming County | 914 | 565 | 16.6% | $136,991 |
| Schoharie County | 912 | 505 | 18.6% | $166,776 |
| Allegany County | 797 | 475 | 19.6% | $114,197 |
| Seneca County | 746 | 446 | 21.3% | $157,560 |
| Lewis County | 743 | 446 | 18.7% | $131,851 |
| Yates County | 660 | 430 | 13.3% | $195,076 |
| Franklin County | 613 | 353 | 19.3% | $159,861 |
| Schuyler County | 468 | 284 | 20.7% | $149,594 |
| Hamilton County | 182 | 103 | 15.4% | $215,824 |
Metro Areas in New York
Frequently Asked Questions
How many mortgage applications were filed in New York?
What is the mortgage denial rate in New York?
What is the average mortgage loan amount in New York?
How many mortgage lenders operate in New York?
How do mortgage denial rates vary by demographics in New York?
Which counties in New York have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. 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.