Safe Rate Rankings

Best Jumbo 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

Citibank National Association is Safe Rate's top-ranked Jumbo lender in New York, leading on pricing, pullthrough, Jumbo product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In New York, Morgan Stanley Private Bank National Association and Citibank National Association scores highest on Jumbo pricing while Home Town Funding and Bank of America National Association leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #8 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 (#11) and Homestead Funding (#13), both outside Safe Rate's top 10. Independent lenders and specialists tend to score higher on our composite scorecard.

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	Citibank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$304Credit	0.246%Below	2,587
2	Bank of America, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$1,501Fees	0.260%Below	1,433
3	Manufacturers and Traders Trust Company BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$1,052Fees	0.167%Above	2,631
4	U.S. Bank National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$157Fees	0.158%Below	967
5	HOME TOWN FUNDING, INC. Independent Mortgage CompanyWholesale	Exceptional	Exceptional*	Strong	Exceptional	Exceptional	$991Fees	0.070%Below	736
6	Morgan Stanley Private Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$323Fees	0.553%Below	591
7	Wells Fargo Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$1,682Fees	0.187%Below	2,546
8	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Sound*	Exceptional	Strong	Exceptional	$3,704Fees	0.243%Above	9,211
9	HSBC BANK USA, NATIONAL ASSOCIATION BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$579Fees	0.211%Below	371
10	Citizens Bank, National Association BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$1,115Fees	0.093%Below	2,366
11	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$4,170Fees	0.505%Above	8,480
12	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,228Fees	0.144%Above	6,052
13	HOMESTEAD FUNDING CORP. Independent Mortgage CompanyDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,620Fees	0.125%Above	3,576
14	SEFCU SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Exceptional	$1,322Fees	0.206%Below	2,686
15	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$555Fees	0.473%Below	643
16	TD Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$1,072Fees	0.053%Above	1,292
17	NBT Bank, National Association BankDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,086Fees	0.081%Below	450
18	KeyBank National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$1,211Fees	0.052%Above	1,503
19	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Strong	$2,643Fees	0.159%Above	945
20	Empower Federal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Exceptional	Exceptional	$0Fees	0.193%Above	873
21	United Nations Federal Credit Union Credit UnionDirect	Strong	Exceptional	Exceptional	Strong	Strong	$175Fees	0.601%Below	253
22	Glens Falls National Bank and Trust Company BankDirect	Strong	Strong	Strong	Exceptional	Strong	$1,117Fees	0.059%Above	242
23	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,630Fees	0.321%Above	4,107
24	Valley National Bank BankDirect	Strong	Strong	Strong	Strong	Strong	$1,149Fees	0.496%Below	450
25	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$2,220Fees	0.268%Above	1,294
26	NJ LENDERS CORP. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Strong	$2,896Fees	0.104%Above	365
27	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,854Fees	0.406%Above	1,702
28	Tompkins Community Bank BankDirect	Strong	Exceptional	Sound	Exceptional	Exceptional	$1,144Fees	0.017%Above	446
29	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$2,386Fees	0.196%Above	1,333
30	TrustCo Bank BankDirect	Strong	Exceptional	Strong	Sound	Exceptional	$1,659Fees	0.218%Below	493
31	The Lyons National Bank BankDirect	Strong	Strong	Sound	Strong	Exceptional	$967Fees	0.297%Above	470
32	Bethpage Federal Credit Union Credit UnionDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$1,671Fees	0.188%Below	699
33	1ST PRIORITY MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	—	Strong	Exceptional	$2,275Fees	0.230%Above	1,401
34	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	Strong	$3,538Fees	0.448%Above	870
35	Five Star Bank BankDirect	Strong	Strong	—	Strong	Exceptional	$1,278Fees	0.263%Above	397
36	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Sound	Strong	$2,351Fees	0.094%Above	275
37	Ulster Savings Bank BankDirect	Strong	Sound	Sound	Exceptional	Strong	$2,708Fees	0.157%Above	249
38	Genesee Regional Bank BankDirect	Strong	Acceptable	—	Exceptional	Exceptional	$1,911Fees	0.504%Above	1,480
39	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,022Fees	0.416%Above	749
40	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Strong	$2,826Fees	0.161%Above	547
41	AMERICAN FINANCIAL NETWORK, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$1,403Fees	0.596%Above	466
42	TEACHERS FEDERAL CREDIT UNION Credit UnionDirect	Strong	Sound	Strong	Sound	Exceptional	$705Fees	0.234%Above	599
43	HUDSON VALLEY CREDIT UNION Credit UnionDirect	Strong	Sound	—	Strong	Exceptional	$1,134Fees	0.096%Above	497
44	Community Bank, National Association BankDirect	Strong	Sound	Sound	Strong	Exceptional	$389Fees	0.784%Above	1,928
45	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Exceptional	$2,893Fees	0.435%Above	1,471
46	HUNT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	—	Strong	Exceptional	$3,568Fees	0.446%Above	906
47	FM Home Loans, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Strong	Exceptional	$2,647Fees	0.325%Above	536
48	NP, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Strong	$2,211Fees	1.106%Above	261
49	CLIFFCO, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Exceptional	$3,744Fees	0.340%Above	674
50	CONTOUR MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Sound	Strong	Exceptional	$3,808Fees	0.272%Above	1,951

❓ 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.