New York mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across New York's 62 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 96,644 home-purchase mortgages for owner-occupied, single-family homes in New York. The median buyer borrowed $375,000 on a home valued at $495,000 and reported a household income of $141,000.
Buyers financed a median 80% of the home's value (roughly 20% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $5,990.
Lenders denied 9.5% of completed home-purchase applications.
Key facts
- Home buyers' median income ($141,000) is 22% higher than the U.S. median ($116,000).
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($5,990) were 8% higher than the U.S. median ($5,570).
- FHA loans made up 10.6% of purchase mortgages, versus 21.1% nationally.
- 54.2% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (35.8% of purchase loans).
- 51.8% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (31.5% of denials with a stated reason).
Conforming limits in New York range from $832,750 to $1,209,750 for a one-unit home in 2026. See every New York county's 2026 FHA and conforming loan limits.
New York counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Albany County | 2,174 | $295,000 | $113,000 | 10.5% | 6.490% | $4,560 | 6.4% | $541,287 |
| Allegany County | 199 | $135,000 | $77,000 | 5.0% | 6.750% | $3,700 | 16.3% | $541,287 |
| Bronx County | 1,678 | $505,000 | $142,000 | 20.0% | 6.500% | $6,880 | 20.8% | $1,249,125 |
| Broome County | 1,091 | $175,000 | $88,000 | 5.0% | 6.625% | $3,910 | 9.3% | $541,287 |
| Cattaraugus County | 356 | $165,000 | $75,000 | 5.0% | 6.625% | $4,080 | 12.5% | $541,287 |
| Cayuga County | 433 | $185,000 | $87,000 | 5.0% | 6.500% | $4,280 | 8.2% | $541,287 |
| Chautauqua County | 682 | $155,000 | $74,000 | 5.0% | 6.625% | $4,090 | 11.7% | $541,287 |
| Chemung County | 635 | $155,000 | $81,000 | 5.0% | 6.500% | $4,080 | 9.6% | $541,287 |
| Chenango County | 235 | $175,000 | $85,000 | 5.0% | 6.500% | $3,960 | 16.6% | $541,287 |
| Clinton County | 417 | $205,000 | $99,000 | 5.0% | 6.750% | $4,330 | 10.1% | $541,287 |
| Columbia County | 360 | $365,000 | $146,000 | 20.0% | 6.624% | $5,110 | 9.0% | $541,287 |
| Cortland County | 253 | $175,000 | $86,000 | 5.0% | 6.625% | $3,800 | 9.5% | $541,287 |
| Delaware County | 175 | $225,000 | $106,000 | 10.0% | 6.625% | $4,690 | 17.4% | $541,287 |
| Dutchess County | 1,933 | $385,000 | $141,000 | 20.0% | 6.624% | $5,620 | 8.5% | $541,287 |
| Erie County | 7,067 | $245,000 | $100,000 | 10.0% | 6.500% | $4,850 | 6.2% | $541,287 |
| Essex County | 188 | $225,000 | $101,000 | 10.0% | 6.500% | $4,930 | 10.8% | $541,287 |
| Franklin County | 161 | $175,000 | $87,000 | 5.0% | 6.750% | $4,260 | 13.0% | $541,287 |
| Fulton County | 347 | $205,000 | $83,000 | 5.0% | 6.624% | $3,950 | 9.4% | $541,287 |
| Genesee County | 355 | $195,000 | $88,000 | 5.0% | 6.625% | $4,180 | 6.2% | $541,287 |
| Greene County | 286 | $305,000 | $120,000 | 11.3% | 6.500% | $5,150 | 10.8% | $541,287 |
| Hamilton County | 33 | $215,000 | $101,000 | 10.0% | — | — | 5.7% | $541,287 |
| Herkimer County | 344 | $165,000 | $77,000 | 5.0% | 6.500% | $4,070 | 11.7% | $541,287 |
| Jefferson County | 927 | $225,000 | $95,000 | 3.5% | 6.500% | $4,120 | 9.6% | $541,287 |
| Kings County | 5,630 | $725,000 | $220,000 | 25.0% | 6.500% | $8,370 | 14.1% | $1,249,125 |
| Lewis County | 150 | $165,000 | $83,000 | 5.7% | 6.625% | $3,950 | 9.9% | $541,287 |
| Livingston County | 352 | $195,000 | $93,000 | 6.5% | 6.625% | $4,200 | 4.7% | $541,287 |
| Madison County | 460 | $225,000 | $103,000 | 10.0% | 6.625% | $4,380 | 7.6% | $541,287 |
| Monroe County | 5,916 | $225,000 | $99,000 | 11.0% | 6.625% | $4,300 | 4.9% | $541,287 |
| Montgomery County | 331 | $205,000 | $82,000 | 5.0% | 6.500% | $3,910 | 10.0% | $541,287 |
| Nassau County | 8,050 | $635,000 | $199,000 | 20.0% | 6.500% | $8,770 | 8.4% | $1,249,125 |
| New York County | 4,421 | $675,000 | $321,000 | 28.6% | 6.490% | $5,760 | 12.3% | $1,249,125 |
| Niagara County | 1,601 | $215,000 | $88,000 | 5.0% | 6.500% | $4,650 | 7.0% | $541,287 |
| Oneida County | 1,416 | $205,000 | $90,000 | 5.0% | 6.500% | $4,210 | 9.7% | $541,287 |
| Onondaga County | 3,403 | $235,000 | $104,000 | 10.0% | 6.500% | $4,300 | 6.3% | $541,287 |
| Ontario County | 790 | $255,000 | $119,000 | 14.3% | 6.625% | $4,460 | 5.2% | $541,287 |
| Orange County | 2,699 | $405,000 | $133,000 | 10.3% | 6.625% | $6,680 | 9.4% | $541,287 |
| Orleans County | 256 | $185,000 | $78,000 | 5.0% | 6.625% | $4,030 | 8.6% | $541,287 |
| Oswego County | 769 | $185,000 | $92,000 | 5.0% | 6.500% | $4,200 | 9.4% | $541,287 |
| Otsego County | 292 | $195,000 | $92,000 | 5.5% | 6.500% | $4,040 | 13.7% | $541,287 |
| Putnam County | 849 | $445,000 | $160,000 | 20.0% | 6.625% | $6,580 | 8.8% | $1,249,125 |
| Queens County | 7,286 | $545,000 | $154,000 | 20.0% | 6.500% | $7,880 | 15.0% | $1,249,125 |
| Rensselaer County | 1,168 | $275,000 | $107,000 | 10.0% | 6.500% | $4,490 | 6.2% | $541,287 |
| Richmond County | 2,691 | $515,000 | $144,000 | 20.3% | 6.500% | $9,280 | 9.6% | $1,249,125 |
| Rockland County | 1,909 | $565,000 | $179,000 | 20.0% | 6.625% | $7,010 | 9.4% | $1,249,125 |
| St. Lawrence County | 410 | $135,000 | $86,000 | 5.0% | 6.750% | $3,700 | 18.3% | $541,287 |
| Saratoga County | 1,951 | $365,000 | $147,000 | 15.0% | 6.499% | $5,310 | 4.5% | $541,287 |
| Schenectady County | 1,421 | $265,000 | $102,000 | 10.0% | 6.500% | $4,390 | 8.0% | $541,287 |
| Schoharie County | 193 | $225,000 | $93,000 | 10.0% | 6.500% | $4,230 | 8.6% | $541,287 |
| Schuyler County | 86 | $235,000 | $105,000 | 9.5% | 6.625% | $4,770 | 8.9% | $541,287 |
| Seneca County | 171 | $185,000 | $83,000 | 5.0% | 6.625% | $4,150 | 6.9% | $541,287 |
| Steuben County | 587 | $165,000 | $83,000 | 5.0% | 6.500% | $4,240 | 10.4% | $541,287 |
| Suffolk County | 10,453 | $555,000 | $165,000 | 20.0% | 6.500% | $8,260 | 7.6% | $1,249,125 |
| Sullivan County | 446 | $305,000 | $116,000 | 10.0% | 6.625% | $5,850 | 15.0% | $541,287 |
| Tioga County | 313 | $185,000 | $95,000 | 5.0% | 6.625% | $3,870 | 9.4% | $541,287 |
| Tompkins County | 521 | $285,000 | $136,000 | 20.0% | 6.500% | $3,680 | 7.3% | $541,287 |
| Ulster County | 1,098 | $355,000 | $138,000 | 20.0% | 6.500% | $5,310 | 9.7% | $541,287 |
| Warren County | 450 | $255,000 | $103,000 | 14.0% | 6.500% | $4,330 | 9.9% | $541,287 |
| Washington County | 463 | $225,000 | $89,000 | 5.0% | 6.500% | $4,350 | 10.9% | $541,287 |
| Wayne County | 676 | $205,000 | $91,000 | 8.2% | 6.625% | $4,140 | 7.6% | $541,287 |
| Westchester County | 6,179 | $605,000 | $217,000 | 20.0% | 6.500% | $6,910 | 8.9% | $1,249,125 |
| Wyoming County | 260 | $185,000 | $83,000 | 5.0% | 6.625% | $3,930 | 7.3% | $541,287 |
| Yates County | 122 | $215,000 | $86,000 | 10.0% | 6.500% | $4,160 | 5.3% | $541,287 |
Who bought homes in New York
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in New York
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | New York | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.375% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.07 pts | +0.13 pts |
| Total loan costs · conventional | $5,990 | $5,570 |
| Total loan costs · FHA | $12,680 | $11,310 |
| Total loan costs · VA | $6,540 | $6,490 |
| Origination charges (all loan types) | $1,870 | $1,860 |
| Borrowers paying discount points | 45.0% | 51.3% |
| Points paid, when paid (% of loan) | 0.63% | 0.87% |
| Borrowers receiving lender credits | 36.6% | 33.1% |
| Adjustable-rate mortgages | 11.5% | 7.4% |
| Jumbo loans (above conforming limit) | 4.5% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
New York: 10,440 of 109,938 completed home-purchase applications were denied (9.5%).
Denial rate
| Application | New York | U.S. |
|---|---|---|
| Home purchase | 9.5% | 8.5% |
| Conventional | 8.6% | 7.1% |
| FHA | 15.3% | 12.5% |
| VA | 10.4% | 8.0% |
| USDA | 21.3% | 12.5% |
| Refinance | 21.6% | 17.9% |
| Cash-out refinance | 28.7% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in New York
Top mortgage lenders in New York
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 9,549 | 7.8% | 9.6% | 6.499% | +0.06 | $9,990 |
| 2 | Rocket Mortgage, LLC | 8,945 | 7.3% | 21.0% | 6.625% | +0.28 | $6,820 |
| 3 | JPMorgan Chase Bank, N.A. | 6,989 | 5.7% | 12.1% | 6.490% | −0.10 | $6,070 |
| 4 | Premium Mortgage Corporation | 4,639 | 3.8% | 2.6% | 6.625% | +0.20 | $4,130 |
| 5 | CrossCountry Mortgage, Inc. | 4,344 | 3.6% | 4.2% | 6.740% | +0.23 | $6,330 |
| 6 | Homestead Funding Corp. | 3,489 | 2.9% | 1.9% | 6.490% | −0.01 | $4,280 |
| 7 | Manufacturers and Traders Trust Company | 2,795 | 2.3% | 9.3% | 6.500% | +0.02 | $4,820 |
| 8 | Citizens Bank, N.A. | 2,644 | 2.2% | 10.4% | 6.375% | −0.18 | $10,630 |
| 9 | Citibank, N.A. | 2,545 | 2.1% | 9.9% | 6.250% | −0.29 | $7,270 |
| 10 | Wells Fargo Bank, N.A. | 2,313 | 1.9% | 15.4% | 6.375% | −0.23 | $7,990 |
| 11 | Sefcu Services, LLC | 2,191 | 1.8% | 1.6% | 6.375% | −0.12 | $3,930 |
| 12 | Pennymac Loan Services, LLC | 2,169 | 1.8% | 13.5% | 6.625% | +0.18 | $9,170 |
| 13 | Newrez LLC | 2,152 | 1.8% | 11.3% | 6.625% | +0.27 | $9,390 |
| 14 | Nationwide Mortgage Bankers, Inc. | 1,845 | 1.5% | 4.0% | 6.750% | +0.37 | $10,990 |
| 15 | Contour Mortgage Corporation | 1,734 | 1.4% | 3.2% | 6.625% | +0.15 | $7,780 |
| 16 | Community Bank, N.A. | 1,630 | 1.3% | 12.7% | 7.250% | +0.75 | $0 |
| 17 | 1st Priority Mortgage, Inc. | 1,592 | 1.3% | 4.2% | 6.625% | +0.13 | $4,810 |
| 18 | loanDepot.com, LLC | 1,587 | 1.3% | 8.8% | 6.575% | +0.03 | $6,040 |
| 19 | KeyBank, N.A. | 1,583 | 1.3% | 13.4% | 6.375% | −0.08 | $4,550 |
| 20 | Bank of America, N.A. | 1,511 | 1.2% | 20.2% | 6.125% | −0.37 | $5,760 |
| 21 | Genesee Regional Bank | 1,428 | 1.2% | 4.6% | 6.875% | +0.39 | $4,550 |
| 22 | TD Bank, N.A. | 1,345 | 1.1% | 12.1% | 6.500% | +0.01 | $6,420 |
| 23 | Movement Mortgage, LLC | 1,308 | 1.1% | 5.3% | 6.562% | +0.23 | $5,270 |
| 24 | Primelending, a Plainscapital Company | 1,082 | 0.9% | 4.6% | 6.875% | +0.38 | $5,550 |
| 25 | CMG Mortgage, Inc. | 1,082 | 0.9% | 6.0% | 6.375% | −0.07 | $7,400 |
Largest lenders in New York by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in New York
- New York-Jersey City-White Plains, NY-NJ · 42,138 purchases
- Nassau County-Suffolk County, NY · 18,503 purchases
- Buffalo-Cheektowaga, NY · 8,668 purchases
- Rochester, NY · 7,990 purchases
- Albany-Schenectady-Troy, NY · 6,907 purchases
- Kiryas Joel-Poughkeepsie-Newburgh, NY · 4,632 purchases
- Syracuse, NY · 4,634 purchases
- Utica-Rome, NY · 1,770 purchases
- Binghamton, NY · 1,405 purchases
- Kingston, NY · 1,098 purchases
- Glens Falls, NY · 913 purchases
- Watertown-Fort Drum, NY · 927 purchases
- Elmira, NY · 635 purchases
- Ithaca, NY · 521 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology