Safe Rate Rankings

Best Conventional 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

Sefcu Services is Safe Rate's top-ranked Conventional lender in New York, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In New York, Home Town Funding and Empower Federal Credit Union scores highest on Conventional pricing while Rocket Mortgage and Sefcu Services leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #6 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 (#10) and Premium Mortgage (#3).

Explore Rankings by Type

Overall Rankings

All lenders in New York

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	SEFCU SERVICES, LLC Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	Exceptional	$1,322Fees	0.206%Below	2,686
2	HOMESTEAD FUNDING CORP. Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	Exceptional	$1,620Fees	0.125%Above	3,576
3	PREMIUM MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	Exceptional	$1,224Fees	0.257%Above	4,446
4	Empower Federal Credit Union Credit UnionDirect	Exceptional	Exceptional	Strong	Exceptional	Exceptional	$0Fees	0.193%Above	873
5	HOME TOWN FUNDING, INC. Independent Mortgage CompanyWholesale	Exceptional	Exceptional*	Strong	Exceptional	Exceptional	$991Fees	0.070%Below	736
6	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Acceptable*	Exceptional	Exceptional	Exceptional	$3,704Fees	0.243%Above	9,211
7	Tompkins Community Bank BankDirect	Exceptional	Exceptional	Strong	Exceptional	Exceptional	$1,144Fees	0.017%Above	446
8	Manufacturers and Traders Trust Company BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$1,052Fees	0.167%Above	2,631
9	Citibank, National Association BankDirect	Strong	Exceptional	Exceptional	Sound	Exceptional	$304Credit	0.246%Below	2,587
10	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,170Fees	0.505%Above	8,480
11	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,228Fees	0.144%Above	6,052
12	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$157Fees	0.158%Below	967
13	KeyBank National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,211Fees	0.052%Above	1,503
14	Bank of America, National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,501Fees	0.260%Below	1,433
15	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$555Fees	0.473%Below	643
16	AMERICU Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$1,274Fees	0.085%Above	640
17	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$1,115Fees	0.093%Below	2,366
18	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Sound	Strong	$323Fees	0.553%Below	591
19	NBT Bank, National Association BankDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,086Fees	0.081%Below	450
20	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$1,682Fees	0.187%Below	2,546
21	Community Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$389Fees	0.784%Above	1,928
22	TrustCo Bank BankDirect	Strong	Exceptional	Strong	Sound	Exceptional	$1,659Fees	0.218%Below	493
23	NJ LENDERS CORP. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Strong	$2,896Fees	0.104%Above	365
24	Genesee Regional Bank BankDirect	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$1,911Fees	0.504%Above	1,480
25	1ST PRIORITY MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$2,275Fees	0.230%Above	1,401
26	Valley National Bank BankDirect	Strong	Exceptional	Strong	Sound	Strong	$1,149Fees	0.496%Below	450
27	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,854Fees	0.406%Above	1,702
28	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$2,386Fees	0.196%Above	1,333
29	The Lyons National Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$967Fees	0.297%Above	470
30	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,630Fees	0.321%Above	4,107
31	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,270Fees	0.460%Above	1,189
32	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,643Fees	0.159%Above	945
33	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,394Fees	0.132%Above	767
34	Bethpage Federal Credit Union Credit UnionDirect & Wholesale	Strong	Strong*	Strong	Sound	Exceptional	$1,671Fees	0.188%Below	699
35	TEACHERS FEDERAL CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$705Fees	0.234%Above	599
36	Ulster Savings Bank BankDirect	Strong	Sound	Strong	Exceptional	Strong	$2,708Fees	0.157%Above	249
37	Glens Falls National Bank and Trust Company BankDirect	Strong	Strong	Strong	Strong	Strong	$1,117Fees	0.059%Above	242
38	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,292Fees	0.391%Above	1,387
39	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,022Fees	0.416%Above	749
40	ESL Federal Credit Union Credit UnionDirect	Strong	Acceptable	Strong	Exceptional	Exceptional	$2,124Fees	0.432%Above	636
41	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,769Fees	0.429%Above	633
42	HUDSON VALLEY CREDIT UNION Credit UnionDirect	Strong	Sound	Strong	Strong	Exceptional	$1,134Fees	0.096%Above	497
43	HSBC BANK USA, NATIONAL ASSOCIATION BankDirect	Strong	Strong	Strong	Sound	Strong	$579Fees	0.211%Below	371
44	Northwest Bank BankDirect	Strong	Strong	Strong	Sound	Strong	$1,119Fees	0.113%Above	285
45	CONTOUR MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,808Fees	0.272%Above	1,951
46	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$2,220Fees	0.268%Above	1,294
47	TD Bank, National Association BankDirect	Strong	Sound	Strong	Sound	Exceptional	$1,072Fees	0.053%Above	1,292
48	RELIANCE FIRST CAPITAL, LLC Independent Mortgage CompanyDirect	Strong	—	Strong	Strong	Strong	—	—	505
49	Five Star Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,278Fees	0.263%Above	397
50	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Exceptional	$2,893Fees	0.435%Above	1,471

❓ 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 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.