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 Lenders215

Total Loans47,525

Median Rate Spread0.24%

New York Market Insights

Citibank National Association 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: Citibank National Association (#1). Credit union: Navy Federal Credit Union (#14). Mortgage company: Nj Lenders (#3).
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In New York, Columbia Bank and Morgan Stanley Private Bank National Association scores highest on pricing while United Wholesale Mortgage and Nj Lenders 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 (#13) and Jpmorgan Chase Bank National Association (#11), both outside Safe Rate's top 10. Independent lenders and specialists tend to score higher on our composite scorecard.

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	Citibank, National Association BankDirect	Exceptional	Exceptional	Sound	Exceptional	$465Credit	0.287%Below	2,140
2	Morgan Stanley Private Bank, National Association BankDirect	Exceptional	Exceptional	Strong	Strong	$347Fees	0.553%Below	484
3	NJ LENDERS CORP. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Exceptional	$1,814Fees	0.023%Below	875
4	Bank of America, National Association BankDirect	Strong	Strong	Strong	Exceptional	$1,248Fees	0.322%Below	816
5	Valley National Bank BankDirect	Strong	Exceptional	Strong	Strong	$1,066Fees	0.539%Below	268
6	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Exceptional	$3,685Fees	0.206%Above	4,302
7	U.S. Bank National Association BankDirect	Strong	Strong	Strong	Exceptional	$18Credit	0.209%Below	803
8	Kearny Bank BankDirect	Strong	Exceptional	Strong	Strong	$1,073Fees	0.235%Below	121
9	Columbia Bank BankDirect	Strong	Exceptional	Sound	Strong	$383Fees	0.920%Below	115
10	Citizens Bank, National Association BankDirect	Strong	Strong	Strong	Exceptional	$702Fees	0.185%Below	1,365
11	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$3,163Fees	0.107%Above	4,529
12	Manufacturers and Traders Trust Company BankDirect	Strong	Strong	Strong	Strong	$1,503Fees	0.116%Below	425
13	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	$4,384Fees	0.206%Above	2,884
14	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Sound	Strong	$678Fees	0.638%Below	151
15	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Sound	Exceptional	$1,521Fees	0.254%Below	1,942
16	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$1,456Fees	0.066%Above	1,559
17	Municipal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Strong	$460Fees	0.263%Below	176
18	HSBC BANK USA, NATIONAL ASSOCIATION BankDirect	Strong	Strong	Strong	Strong	$497Fees	0.243%Below	363
19	United Nations Federal Credit Union Credit UnionDirect	Strong	Strong	Sound	Strong	$209Fees	0.585%Below	272
20	AMERICAN FEDERAL MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Exceptional	Sound	Strong	$272Credit	0.292%Below	118
21	RELIANCE FIRST CAPITAL, LLC Independent Mortgage CompanyDirect	Strong	—	Exceptional	Strong	—	—	98
22	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$1,907Fees	0.181%Above	741
23	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$2,562Fees	0.094%Above	1,039
24	TD Bank, National Association BankDirect	Strong	Sound	Sound	Exceptional	$945Fees	0.023%Above	988
25	Bethpage Federal Credit Union Credit UnionDirect & Wholesale	Strong	Strong*	Sound	Strong	$1,386Fees	0.275%Below	197
26	1ST PRIORITY MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	$2,930Fees	0.153%Above	164
27	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$3,576Fees	0.205%Above	554
28	PNC Bank, National Association BankDirect	Strong	Strong	Strong	Strong	$1,623Fees	0.032%Below	119
29	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$2,640Fees	0.203%Above	2,895
30	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$3,398Fees	0.102%Above	497
31	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Strong	Strong	$3,932Fees	0.367%Above	364
32	SUMMIT MORTGAGE BANKERS INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	$3,796Fees	0.087%Above	248
33	NORWICH COMMERCIAL GROUP, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$3,144Fees	0.401%Above	376
34	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	$3,298Fees	0.385%Above	327
35	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$2,072Fees	0.196%Above	144
36	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Strong	Strong	$3,638Fees	0.360%Above	427
37	UBS Bank USA BankDirect	Strong	Strong	Sound	Strong	$991Fees	0.091%Below	110
38	CONTOUR MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Exceptional	$4,692Fees	0.307%Above	488
39	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	$4,036Fees	0.328%Above	245
40	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$2,539Fees	0.401%Above	133
41	Dime Community Bank BankDirect & Wholesale	Sound	Strong*	Acceptable	Strong	$1,458Fees	0.417%Below	118
42	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Sound	Strong	$2,865Fees	0.377%Above	630
43	BOND STREET MORTGAGE, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Sound	Exceptional	$3,120Fees	0.254%Above	290
44	NATIONWIDE MORTGAGE BANKERS, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Exceptional	$5,778Fees	0.473%Above	603
45	UNITED NORTHERN MORTGAGE BANKERS LIMITED Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Exceptional	$3,858Fees	0.295%Above	378
46	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Strong	Strong	$3,720Fees	0.511%Above	296
47	CLIFFCO, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$3,065Fees	0.335%Above	236
48	Ridgewood Savings Bank BankDirect & Wholesale	Sound	Sound*	Sound	Strong	$1,884Fees	0.199%Below	123
49	BETTER MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Exceptional	Acceptable	Strong	$25Fees	0.208%Below	117
50	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$2,619Fees	0.134%Above	372

❓ 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, 215 lenders originated a combined 47,525 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 0.24%. 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.