First New York mortgage approval rate & lending review
First New York decided 1,267 mortgage applications and funded 1,111 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First New York reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
First New York at a glance
Approval is 17.8 points above the 70.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 89% | 117 / 132 | 99% | $295K | 116 |
| Home improvement loans | 88% | 383 / 436 | 100% | $75K | 383 |
| Cash-out refinance | 86% | 379 / 442 | 100% | $85K | 378 |
| Refinance | 89% | 191 / 214 | 100% | $125K | 191 |
First New York lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 88% | $85K | 1,265 | 1,110 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where First New York lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Schenectady County, NY | Home improvement loans | 90% | 197 | 177 |
| Schenectady County, NY | Cash-out refinance | 86% | 163 | 140 |
| Saratoga County, NY | Cash-out refinance | 88% | 145 | 127 |
| Saratoga County, NY | Home improvement loans | 89% | 118 | 105 |
| Albany County, NY | Cash-out refinance | 86% | 99 | 85 |
| Albany County, NY | Home improvement loans | 85% | 89 | 76 |
| Saratoga County, NY | Refinance | 92% | 80 | 74 |
| Schenectady County, NY | Refinance | 91% | 74 | 67 |
| Albany County, NY | Refinance | 85% | 46 | 39 |
| Albany County, NY | Mortgage lenders | 90% | 41 | 37 |
| Saratoga County, NY | Mortgage lenders | 86% | 37 | 32 |
| Schenectady County, NY | Mortgage lenders | 88% | 34 | 29 |
The county markets where First New York made the most loans. Each link opens that market with every lender ranked.
Questions about First New York
What is First New York's mortgage approval rate?
First New York approved 87.8% of the 1,267 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 17.8 points above the 70.1% national rate for the same mix of loan types.
How often do borrowers take the loan First New York offers?
Borrowers accepted 100% of the loans First New York approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does First New York make?
The typical cash-out refinance loan First New York made was $85K; across all loan types its typical loan ran from $75K to $295K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First New York lend?
First New York decided applications in 2 of the states Fat Boy Data covers, most of them in New York and Florida.
Can I apply to First New York directly?
Yes. First New York is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show First New York's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how First New York treats applications, then get a rate quote from the lender.