New York Mortgage Lenders & HMDA Data, 2025
In 2025, lenders reported 424,863 mortgage applications in New York totaling $178.5 billion, up 11% from 2024. The average application was for $420,000, and applicants reported an average income of $197,000. 54% of applications resulted in an originated loan and 18% were denied. The most active lenders were JPMorgan Chase Bank, NA (24,722 applications), Citizens Bank, NA and United Wholesale Mortgage.
See the top mortgage lenders in New York, browse lending by metro area and by county, or see the mortgage lenders headquartered in New York and New York lenders by city.
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Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into New York's mortgage market trends.
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 424,863 |
| Total Mortgage Loan Application Amount | $178,479,715,000 |
| Average Mortgage Loan Application Amount | $420,000 |
| Highest Mortgage Loan Application Amount | $98,505,000 |
| Average Applicant Income | $197,000 |
| Highest Applicant Income | $9,999,000 |
Top 25 Mortgage Lenders in New York (2025)
Ranked by the number of mortgage applications each lender received for properties in New York in 2025, wherever the lender is based. For lenders headquartered in the state, see the full list of New York mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in New York.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, NA Columbus, OH |
24,722 | $14,700,420,000 | $594,629 | $238,794 |
| 2 | Citizens Bank, NA Providence, RI |
23,646 | $9,002,980,000 | $380,740 | $230,255 |
| 3 | United Wholesale Mortgage Plymouth, MI |
14,830 | $7,200,820,000 | $485,557 | $192,382 |
| 4 | M&T Bank Buffalo, NY |
12,575 | $2,938,065,000 | $233,643 | $154,288 |
| 5 | Newrez LLC Fort Washington, PA |
10,962 | $4,096,310,000 | $373,682 | $175,717 |
| 6 | Bank of America NA Westlake Village, CA |
10,789 | $4,800,895,000 | $444,980 | $269,243 |
| 7 | PennyMac Loan Services LLC Westlake Village, CA |
10,261 | $4,242,135,000 | $413,423 | $153,307 |
| 8 | TD Bank Mount Laurel, NJ |
9,914 | $4,219,710,000 | $425,631 | $261,474 |
| 9 | Citibank, NA New York, NY |
9,837 | $6,095,475,000 | $619,647 | $354,933 |
| 10 | Fourleaf Federal Credit Union Bethpage, NY |
9,738 | $2,490,460,000 | $255,746 | $200,176 |
| 11 | ESL Federal Credit Union Rochester, NY |
7,827 | $950,295,000 | $121,412 | $114,939 |
| 12 | Crosscountry Mortgage, LLC Cleveland, OH |
7,815 | $3,614,255,000 | $462,476 | $231,423 |
| 13 | Broadview Federal Credit Union Albany, NY |
7,433 | $881,505,000 | $118,593 | $136,691 |
| 14 | Hudson Valley Credit Union Poughkeepsie, NY |
6,645 | $1,142,345,000 | $171,910 | $163,464 |
| 15 | Premium Mortgage Corporation Rochester, NY |
5,818 | $1,513,330,000 | $260,111 | $126,475 |
| 16 | Community Bank, N.A. Canton, NY |
5,574 | $860,970,000 | $154,461 | $112,129 |
| 17 | Wells Fargo Bank NA Minneapolis, MN |
5,223 | $5,010,190,000 | $959,255 | $416,361 |
| 18 | Homestead Funding Corp. Albany, NY |
4,866 | $1,420,340,000 | $291,890 | $139,893 |
| 19 | Empower Federal Credit Union Syracuse, NY |
4,524 | $623,530,000 | $137,827 | $105,114 |
| 20 | Keybank National Association Cleveland, OH |
4,246 | $985,430,000 | $232,084 | $132,533 |
| 21 | Discover Bank Greenwood, DE |
3,894 | $417,560,000 | $107,231 | $153,741 |
| 22 | loanDepot.com LLC Irvine, CA |
3,863 | $1,248,465,000 | $323,185 | $162,994 |
| 23 | Jovia Financial Federal Credit Westbury, NY |
3,641 | $905,615,000 | $248,726 | $195,863 |
| 24 | Navy Federal Credit Union Vienna, VA |
3,607 | $872,835,000 | $241,983 | $155,075 |
| 25 | Americu Credit Union Rome, NY |
3,423 | $491,655,000 | $143,632 | $112,315 |
The tables below break down 2025 mortgage applications in New York by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for New York in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 197,657 | $101,586,995,000 | $513,000 | $90,835,000 | $216,000 | $9,999,000 |
| Cash-out Refinancing | 65,017 | $26,119,295,000 | $401,000 | $93,505,000 | $175,000 | $9,428,000 |
| Home Improvement | 61,097 | $9,571,705,000 | $156,000 | $82,825,000 | $166,000 | $9,433,000 |
| Other Purpose | 50,214 | $9,749,555,000 | $194,000 | $49,505,000 | $179,000 | $9,933,000 |
| Refinancing | 49,774 | $31,180,005,000 | $627,000 | $98,505,000 | $216,000 | $9,999,000 |
| Not Applicable | 1,104 | $272,160,000 | $246,000 | $15,675,000 | $157,000 | $3,969,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 227,781 | $75,027,665,000 | $329,000 | $20,005,000 | $200,000 | $9,999,000 |
| Not Provided | 48,196 | $21,498,020,000 | $446,000 | $25,005,000 | $227,000 | $9,999,000 |
| Not applicable | 44,215 | $40,283,075,000 | $912,000 | $98,505,000 | $191,000 | $8,202,000 |
| Asian | 38,569 | $19,625,685,000 | $508,000 | $39,005,000 | $221,000 | $9,720,000 |
| Hispanic | 35,713 | $12,323,400,000 | $345,000 | $14,845,000 | $160,000 | $8,840,000 |
| Black or African American | 28,263 | $9,099,080,000 | $321,000 | $9,905,000 | $143,000 | $9,933,000 |
| American Indian or Alaskan Native | 1,640 | $477,930,000 | $291,000 | $87,005,000 | $145,000 | $5,383,000 |
| Native Hawaiian or Other Pacific Islander | 438 | $132,700,000 | $302,000 | $5,425,000 | $143,000 | $1,696,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 376,697 | $159,918,800,000 | $424,000 | $98,505,000 | $205,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 35,599 | $14,051,410,000 | $394,000 | $97,605,000 | $116,000 | $6,960,000 |
| VA-guaranteed (Veterans Administration) | 11,927 | $4,412,935,000 | $369,000 | $4,395,000 | $126,000 | $2,314,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 640 | $96,570,000 | $150,000 | $425,000 | $85,000 | $269,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 231,421 | $103,177,620,000 | $445,000 | $97,605,000 | $205,000 | $9,999,000 |
| Application Denied By Financial Institution | 76,071 | $23,177,830,000 | $304,000 | $93,705,000 | $152,000 | $9,999,000 |
| Application Withdrawn By Applicant | 47,483 | $24,526,975,000 | $516,000 | $98,505,000 | $231,000 | $9,967,000 |
| Loan Purchased By The Institution | 36,501 | $13,858,515,000 | $379,000 | $12,005,000 | $177,000 | $8,202,000 |
| File Closed For Incompleteness | 21,729 | $9,155,815,000 | $421,000 | $93,505,000 | $225,000 | $9,850,000 |
| Application Approved But Not Accepted | 10,939 | $4,246,125,000 | $388,000 | $39,005,000 | $194,000 | $9,305,000 |
| Preapproval Approved but not Accepted | 544 | $256,230,000 | $471,000 | $6,505,000 | $190,000 | $2,154,000 |
| Preapproval Denied by Financial Institution | 175 | $80,605,000 | $460,000 | $2,825,000 | $156,000 | $1,295,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 342,000 | $151,018,570,000 | $441,000 | $98,505,000 | $208,000 | $9,999,000 |
| Debt-To-Income Ratio | 35,735 | $12,195,460,000 | $341,000 | $82,825,000 | $119,000 | $8,300,000 |
| Credit History | 17,224 | $3,164,930,000 | $183,000 | $87,005,000 | $147,000 | $9,709,000 |
| Collateral | 13,044 | $4,519,815,000 | $346,000 | $90,835,000 | $213,000 | $9,153,000 |
| Other | 7,581 | $3,922,845,000 | $518,000 | $93,705,000 | $197,000 | $9,433,000 |
| Credit Application Incomplete | 4,962 | $1,676,910,000 | $337,000 | $12,005,000 | $174,000 | $9,000,000 |
| Unverifiable Information | 2,307 | $1,024,825,000 | $444,000 | $22,005,000 | $223,000 | $9,999,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1,361 | $750,305,000 | $551,000 | $12,725,000 | $203,000 | $9,709,000 |
| Employment History | 631 | $197,615,000 | $313,000 | $4,585,000 | $130,000 | $2,700,000 |
| Mortgage Insurance Denied | 18 | $8,440,000 | $468,000 | $2,395,000 | $114,000 | $300,000 |
Mortgage Loan Application Totals in 2025 by New York Metropolitan Area
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Albany-Schenectady-Troy, NY | 30,712 | $ 7,227,350,000 | $ 235,000 | $ 136,000 |
| Binghamton, NY | 6,736 | $ 1,000,070,000 | $ 148,000 | $ 107,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 33,497 | $ 7,319,995,000 | $ 218,000 | $ 120,000 |
| Elmira, NY | 2,392 | $ 303,610,000 | $ 126,000 | $ 98,000 |
| Glens Falls, NY | 4,208 | $ 941,990,000 | $ 223,000 | $ 140,000 |
| Ithaca, NY | 1,738 | $ 552,140,000 | $ 317,000 | $ 151,000 |
| Kingston, NY | 5,535 | $ 1,623,135,000 | $ 293,000 | $ 163,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 22,543 | $ 7,196,120,000 | $ 319,000 | $ 170,000 |
| Nassau County-Suffolk County, NY | 89,430 | $ 42,773,795,000 | $ 478,000 | $ 241,000 |
| New York-Jersey City-White Plains, NY-NJ | 123,694 | $ 89,576,170,000 | $ 724,000 | $ 284,000 |
| Rochester, NY | 36,234 | $ 7,144,570,000 | $ 197,000 | $ 122,000 |
| Syracuse, NY | 19,961 | $ 3,852,455,000 | $ 192,000 | $ 122,000 |
| Utica-Rome, NY | 8,272 | $ 1,331,340,000 | $ 160,000 | $ 105,000 |
| Watertown-Fort Drum, NY | 3,386 | $ 675,440,000 | $ 199,000 | $ 115,000 |
Mortgage Loan Application Totals in 2025 by New York County
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Albany | 9,916 | $ 2,223,790,000 | $ 224,000 | $ 134,000 |
| Allegany | 919 | $ 119,785,000 | $ 130,000 | $ 103,000 |
| Bronx | 9,185 | $ 6,677,015,000 | $ 727,000 | $ 149,000 |
| Broome | 5,342 | $ 797,250,000 | $ 149,000 | $ 109,000 |
| Cattaraugus | 1,591 | $ 256,255,000 | $ 161,000 | $ 115,000 |
| Cayuga | 2,022 | $ 306,630,000 | $ 151,000 | $ 104,000 |
| Chautauqua | 2,795 | $ 421,185,000 | $ 150,000 | $ 103,000 |
| Chemung | 2,392 | $ 303,610,000 | $ 126,000 | $ 98,000 |
| Chenango | 1,297 | $ 167,305,000 | $ 128,000 | $ 95,000 |
| Clinton | 1,617 | $ 317,135,000 | $ 196,000 | $ 117,000 |
| Columbia | 2,151 | $ 709,605,000 | $ 329,000 | $ 211,000 |
| Cortland | 1,102 | $ 159,500,000 | $ 144,000 | $ 108,000 |
| Delaware | 1,272 | $ 237,360,000 | $ 186,000 | $ 149,000 |
| Dutchess | 9,140 | $ 2,882,215,000 | $ 315,000 | $ 167,000 |
| Erie | 26,877 | $ 6,180,285,000 | $ 229,000 | $ 124,000 |
| Essex | 1,026 | $ 258,730,000 | $ 252,000 | $ 184,000 |
| Franklin | 733 | $ 134,905,000 | $ 184,000 | $ 131,000 |
| Fulton | 1,680 | $ 270,080,000 | $ 160,000 | $ 105,000 |
| Genesee | 1,591 | $ 242,155,000 | $ 152,000 | $ 98,000 |
| Greene | 1,894 | $ 512,280,000 | $ 270,000 | $ 191,000 |
| Hamilton | 249 | $ 57,655,000 | $ 231,000 | $ 181,000 |
| Herkimer | 1,836 | $ 262,750,000 | $ 143,000 | $ 100,000 |
| Jefferson | 3,386 | $ 675,440,000 | $ 199,000 | $ 115,000 |
| Kings | 26,799 | $ 25,003,570,000 | $ 933,000 | $ 324,000 |
| Lewis | 740 | $ 101,890,000 | $ 137,000 | $ 109,000 |
| Livingston | 1,773 | $ 294,945,000 | $ 166,000 | $ 113,000 |
| Madison | 2,042 | $ 361,120,000 | $ 176,000 | $ 121,000 |
| Monroe | 26,038 | $ 5,242,260,000 | $ 201,000 | $ 123,000 |
| Montgomery | 1,553 | $ 264,135,000 | $ 170,000 | $ 90,000 |
| Nassau | 38,129 | $ 18,824,555,000 | $ 493,000 | $ 251,000 |
| New York | 13,566 | $ 19,618,980,000 | $ 1,449,000 | $ 608,000 |
| Niagara | 6,620 | $ 1,139,710,000 | $ 172,000 | $ 104,000 |
| Oneida | 6,436 | $ 1,068,590,000 | $ 166,000 | $ 106,000 |
| Onondaga | 14,200 | $ 2,846,010,000 | $ 200,000 | $ 128,000 |
| Ontario | 3,910 | $ 895,750,000 | $ 229,000 | $ 137,000 |
| Orange | 13,403 | $ 4,313,905,000 | $ 321,000 | $ 173,000 |
| Orleans | 1,275 | $ 173,035,000 | $ 135,000 | $ 94,000 |
| Oswego | 3,719 | $ 645,325,000 | $ 173,000 | $ 104,000 |
| Otsego | 1,526 | $ 268,820,000 | $ 176,000 | $ 117,000 |
| Putnam | 3,300 | $ 1,089,290,000 | $ 330,000 | $ 192,000 |
| Queens | 29,325 | $ 15,781,750,000 | $ 538,000 | $ 180,000 |
| Rensselaer | 5,404 | $ 1,137,630,000 | $ 210,000 | $ 125,000 |
| Richmond | 10,183 | $ 4,294,530,000 | $ 421,000 | $ 177,000 |
| Rockland | 9,172 | $ 4,519,390,000 | $ 492,000 | $ 261,000 |
| Saratoga | 8,534 | $ 2,520,920,000 | $ 295,000 | $ 160,000 |
| Schenectady | 5,887 | $ 1,179,995,000 | $ 200,000 | $ 115,000 |
| Schoharie | 971 | $ 165,015,000 | $ 169,000 | $ 112,000 |
| Schuyler | 538 | $ 95,140,000 | $ 176,000 | $ 127,000 |
| Seneca | 857 | $ 141,595,000 | $ 165,000 | $ 116,000 |
| St. Lawrence | 1,627 | $ 221,355,000 | $ 136,000 | $ 103,000 |
| Steuben | 2,731 | $ 396,095,000 | $ 145,000 | $ 108,000 |
| Suffolk | 51,301 | $ 23,949,240,000 | $ 466,000 | $ 234,000 |
| Sullivan | 3,260 | $ 973,870,000 | $ 298,000 | $ 202,000 |
| Tioga | 1,394 | $ 202,820,000 | $ 145,000 | $ 101,000 |
| Tompkins | 1,738 | $ 552,140,000 | $ 317,000 | $ 151,000 |
| Ulster | 5,535 | $ 1,623,135,000 | $ 293,000 | $ 163,000 |
| Warren | 2,252 | $ 588,780,000 | $ 261,000 | $ 166,000 |
| Washington | 1,956 | $ 353,210,000 | $ 180,000 | $ 109,000 |
| Wayne | 3,238 | $ 538,580,000 | $ 166,000 | $ 108,000 |
| Westchester | 22,164 | $ 12,591,645,000 | $ 568,000 | $ 299,000 |
| Wyoming | 1,085 | $ 159,915,000 | $ 147,000 | $ 99,000 |
| Yates | 669 | $ 168,155,000 | $ 251,000 | $ 164,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into New York's 2025 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.
This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively.
Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of New York's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.
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