# Amalgamated Bank

> **Canonical URL:** https://saferate.com/lenders/amalgamated-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Amalgamated Bank is a bank, headquartered in New York, NY, serving borrowers across 20 states, with 186 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 66% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 45% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900FMBXF85WQYV433
- **Headquarters:** New York, NY
- **Geographic Reach:** Multi-Region
- **States Served:** 20
- **State List:** AL, CA, CO, CT, DC, FL, GA, IL, MA, MN, NJ, NY, PA, SC, TN, TX, UT, VA, VT, WA
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 34/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 55/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.147%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,184
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 186
- **Dollar Volume:** $65 million
- **Applications Received:** 255
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $351,613
- **Average Borrower Income:** $172,753
- **Average Property Value:** $505,000

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 41/100 | 180 | +0.153% | $2,115 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 176 loans, Score: 43/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 44/100 | 181 | $63M | +0.149% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 148 | 0.13% | 71/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 141 | 75/100 |

## Where This Lender Ranks

Amalgamated Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#18** in New York for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#20** in New York Banks
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Amalgamated Bank offer?

Amalgamated Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Amalgamated Bank offer mortgages?

Amalgamated Bank offers mortgages in 20 states: AL, CA, CO, CT, DC, FL, GA, IL, MA, MN, NJ, NY, PA, SC, TN, TX, UT, VA, VT, WA.

### How competitive are Amalgamated Bank's mortgage rates?

Amalgamated Bank has a pricing score of 34/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.147% above market average.

### What type of lender is Amalgamated Bank?

Amalgamated Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in New York, NY.

### What is Amalgamated Bank's loan approval success rate?

Amalgamated Bank has a pull-through score of 55/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/amalgamated-bank

### How to Cite

> "Amalgamated Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/amalgamated-bank

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