Safe Rate Rankings

Best Mortgage Lenders in New York

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders234

Total Loans112,852

Median Rate Spread0.20%

New York Market Insights

Empower Federal Credit Union is Safe Rate's top-ranked lender in New York, leading the composite scorecard across pricing, pullthrough, products, and local expertise.
Top-ranked by institution type in New York: Bank: Tompkins Community Bank (#6). Credit union: Empower Federal Credit Union (#1). Mortgage company: Sefcu Services (#2).
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In New York, Morgan Stanley Private Bank National Association and Home Town Funding scores highest on pricing while Empower Federal Credit Union and Homestead Funding leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #12 in New York, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in New York: Rocket Mortgage (#21) and Premium Mortgage (#5).

Explore Rankings by Type

By Loan Product

Lenders often score differently for different loan products. Get tailored rankings by selecting your product type.

FHA Loans Conventional Loans VA Loans Jumbo Loans USDA Loans

By Institution Type

Some consumers only want to work with a credit union, bank, or focused mortgage company. See our rankings here!

Banks Credit Unions Mortgage Companies

Shopping for a mortgage? Click the heart icon to save lenders to My Home and make comparison painless.

Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Empower Federal Credit Union Credit UnionDirect	Exceptional	Exceptional	Exceptional	Exceptional	$0Fees	0.193%Above	873
2	SEFCU SERVICES, LLC Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	$1,322Fees	0.206%Below	2,686
3	HOMESTEAD FUNDING CORP. Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	$1,620Fees	0.125%Above	3,576
4	HOME TOWN FUNDING, INC. Independent Mortgage CompanyWholesale	Exceptional	Exceptional*	Strong	Exceptional	$991Fees	0.070%Below	736
5	PREMIUM MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	$1,224Fees	0.257%Above	4,446
6	Tompkins Community Bank BankDirect	Exceptional	Exceptional	Exceptional	Exceptional	$1,144Fees	0.017%Above	446
7	Citibank, National Association BankDirect	Strong	Exceptional	Sound	Exceptional	$304Credit	0.246%Below	2,587
8	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Strong	$323Fees	0.553%Below	591
9	NBT Bank, National Association BankDirect	Strong	Exceptional	Strong	Exceptional	$1,086Fees	0.081%Below	450
10	Manufacturers and Traders Trust Company BankDirect	Strong	Strong	Strong	Exceptional	$1,052Fees	0.167%Above	2,631
11	AMERICU Credit Union Credit UnionDirect	Strong	Strong	Strong	Exceptional	$1,274Fees	0.085%Above	640
12	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Exceptional	$3,704Fees	0.243%Above	9,211
13	Bank of America, National Association BankDirect	Strong	Strong	Strong	Exceptional	$1,501Fees	0.260%Below	1,433
14	Valley National Bank BankDirect	Strong	Exceptional	Strong	Strong	$1,149Fees	0.496%Below	450
15	KeyBank National Association BankDirect	Strong	Strong	Strong	Exceptional	$1,211Fees	0.052%Above	1,503
16	U.S. Bank National Association BankDirect	Strong	Strong	Strong	Strong	$157Fees	0.158%Below	967
17	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Sound	Strong	$555Fees	0.473%Below	643
18	Citizens Bank, National Association BankDirect	Strong	Strong	Strong	Exceptional	$1,115Fees	0.093%Below	2,366
19	RELIANCE FIRST CAPITAL, LLC Independent Mortgage CompanyDirect	Strong	—	Exceptional	Strong	—	—	505
20	TrustCo Bank BankDirect	Strong	Exceptional	Sound	Exceptional	$1,659Fees	0.218%Below	493
21	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	$4,170Fees	0.505%Above	8,480
22	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$3,228Fees	0.144%Above	6,052
23	The Lyons National Bank BankDirect	Strong	Strong	Strong	Exceptional	$967Fees	0.297%Above	470
24	Five Star Bank BankDirect	Strong	Strong	Strong	Exceptional	$1,278Fees	0.263%Above	397
25	NJ LENDERS CORP. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	$2,896Fees	0.104%Above	365
26	SUNMARK CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Strong	$1,868Fees	0.050%Above	309
27	1ST PRIORITY MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$2,275Fees	0.230%Above	1,401
28	TEACHERS FEDERAL CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Exceptional	$705Fees	0.234%Above	599
29	Glens Falls National Bank and Trust Company BankDirect	Strong	Strong	Strong	Strong	$1,117Fees	0.059%Above	242
30	Municipal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Strong	$512Fees	0.267%Below	238
31	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Sound	Exceptional	$1,682Fees	0.187%Below	2,546
32	Community Bank, National Association BankDirect	Strong	Sound	Strong	Exceptional	$389Fees	0.784%Above	1,928
33	Genesee Regional Bank BankDirect	Strong	Acceptable	Exceptional	Exceptional	$1,911Fees	0.504%Above	1,480
34	Northwest Bank BankDirect	Strong	Strong	Strong	Strong	$1,119Fees	0.113%Above	285
35	HSBC BANK USA, NATIONAL ASSOCIATION BankDirect	Strong	Strong	Strong	Strong	$579Fees	0.211%Below	371
36	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$2,386Fees	0.196%Above	1,333
37	Bethpage Federal Credit Union Credit UnionDirect & Wholesale	Strong	Strong*	Sound	Exceptional	$1,671Fees	0.188%Below	699
38	HUDSON VALLEY CREDIT UNION Credit UnionDirect	Strong	Sound	Strong	Exceptional	$1,134Fees	0.096%Above	497
39	Ulster Savings Bank BankDirect	Strong	Sound	Exceptional	Strong	$2,708Fees	0.157%Above	249
40	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$2,220Fees	0.268%Above	1,294
41	ESL Federal Credit Union Credit UnionDirect	Strong	Acceptable	Exceptional	Exceptional	$2,124Fees	0.432%Above	636
42	United Nations Federal Credit Union Credit UnionDirect	Strong	Strong	Sound	Strong	$175Fees	0.601%Below	253
43	MID-ISLAND MORTGAGE CORP. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	$1,798Fees	0.109%Above	252
44	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,854Fees	0.406%Above	1,702
45	TD Bank, National Association BankDirect	Strong	Sound	Sound	Exceptional	$1,072Fees	0.053%Above	1,292
46	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$3,270Fees	0.460%Above	1,189
47	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	$3,538Fees	0.448%Above	870
48	CONTOUR MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$3,808Fees	0.272%Above	1,951
49	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Strong	Exceptional	$3,292Fees	0.391%Above	1,387
50	HUNT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$3,568Fees	0.446%Above	906

❓ Frequently Asked Questions

How are mortgage lenders ranked in New York?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in New York), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in New York?+

Based on 2024 HMDA data, 234 lenders originated a combined 112,852 loans in New York. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in New York?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in New York is 0.20%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In New York's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.