New York mortgage lending data
Northeast region · HMDA 2023 reporting year
In New York, the 2023 mortgage denial rate was 18.3% — close to the national denial rate (-1.3 points vs the 19.6% national rate), ranking it #23 of 51. Lenders originated about 154,253 home-purchase and refinance loans (rank #9). The home-purchase denial rate was 13.7% and refinance 29.3%. By loan type, conventional loans were 89.3%, FHA 8.3%, VA 2.2% and USDA/RHS 0.1%. Informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
New York mortgage lending at a glance
| Indicator | New York |
|---|---|
| Total originations (purchase + refinance, 2023) | 154,253 |
| Denied applications | 34,490 |
| Mortgage denial rate | 18.3% |
| Denial-rate rank (1 = highest of 51) | #23 |
| Home-purchase denial rate | 13.7% |
| Refinance denial rate | 29.3% |
| Volume rank (1 = most loans of 51) | #9 |
Source: HMDA Data Browser (FFIEC / CFPB) (2023 reporting year). Data as of June 2026.
Source: HMDA Data Browser (2023), public domain. Denial rate = denied ÷ (originated + denied). Informational only — verify before relying on it.
What the denial rate means
New York's mortgage denial rate of 18.3% means that for every 100 applications that were either approved-and-originated or denied, about 18 were turned down. That is about average compared with the national figure of 19.6%. Denial rates are driven by applicant credit scores, debt-to-income ratios, the loan type and local home prices — not only by how strict lenders are. Refinance applications are often denied at a different rate than purchase loans: in New York the purchase denial rate was 13.7% versus 29.3% for refinances.
New York loan-type mix
How New York's 154,253 originations break down by loan program. A higher FHA or VA share usually points to more first-time buyers, lower down payments, or a large veteran population.
| Loan type | Originations | Share |
|---|---|---|
| Conventional | 181,423 | 89.3% |
| FHA | 16,873 | 8.3% |
| VA | 4,503 | 2.2% |
| USDA / RHS | 282 | 0.1% |
Source: HMDA Data Browser (FFIEC / CFPB) (2023). Data as of June 2026.
See FHA vs VA vs conventional for what each program is. Shares are over loans with a reported type and may not sum to exactly 100% due to rounding.
States with a similar denial rate to New York
| State | Denial rate | Originations | FHA share | VA share |
|---|---|---|---|---|
| New York (this state) | 18.3% | 154,253 | 8.3% | 2.2% |
| Maryland | 18.3% | 83,330 | 15.2% | 8.4% |
| Pennsylvania | 18.6% | 168,096 | 10.2% | 3.2% |
| Arizona | 17.8% | 118,118 | 17.0% | 8.2% |
| Nevada | 17.8% | 46,782 | 18.5% | 9.8% |
| Rhode Island | 18.9% | 14,404 | 12.6% | 2.9% |
Frequently asked questions
What was the mortgage denial rate in New York in 2023?
In 2023, the mortgage denial rate in New York was about 18.3% — that is, 34,490 applications were denied out of 188,743 that were either originated or denied. That is -1.3 points versus the national rate of 19.6%, and ranks New York #23 of 51 from highest to lowest. Figures are from HMDA; verify before relying on them.
How many mortgages were originated in New York?
Lenders originated about 154,253 home-purchase and refinance loans in New York in 2023 (HMDA reporting year), ranking it #9 of 51 by volume. Of those, the home-purchase denial rate was 13.7% and the refinance denial rate was 29.3%.
What share of New York mortgages are FHA or VA loans?
In New York, FHA loans made up about 8.3% of originations and VA loans about 2.2%, with conventional loans the largest share at 89.3% and USDA/RHS loans 0.1%. Higher government-backed shares often reflect more first-time and lower-down-payment buyers.
Is it harder to get a mortgage in New York than elsewhere?
New York's denial rate of 18.3% is close to the national denial rate. Denial rates reflect applicant credit, income and debt, loan type and local home prices as much as lender behavior, so a higher rate does not by itself mean stricter lenders. States with the most similar denial rates to New York are Maryland, Pennsylvania, Arizona.
Keep exploring
Sources & accuracy
All counts are from the HMDA Data Browser (FFIEC / CFPB, 2023 reporting year, public domain). Denial rate, loan-type shares and ranks are transparent calculations over those counts (see methodology). This page is informational and is not financial or lending advice — verify with a licensed lender before making a decision.
Last updated: 2026-06-20