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 Lenders215

Total Loans47,525

Median Rate Spread0.24%

New York Market Insights

United Wholesale Mortgage 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, Morgan Stanley Private Bank National Association and Citibank National Association scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #1 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 (#6) and Jpmorgan Chase Bank National Association (#3).

Explore Rankings by Type

Overall Rankings

All lenders in New York

Need rankings for a different loan product?

FHA Loans VA Loans Jumbo Loans USDA Loans

By Institution Type

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	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Acceptable*	Exceptional	Exceptional	Exceptional	$3,685Fees	0.206%Above	4,302
2	Citibank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Sound	Exceptional	$465Credit	0.287%Below	2,140
3	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,163Fees	0.107%Above	4,529
4	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$18Credit	0.209%Below	803
5	NJ LENDERS CORP. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,814Fees	0.023%Below	875
6	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,384Fees	0.206%Above	2,884
7	Bank of America, National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,248Fees	0.322%Below	816
8	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Sound	Strong	$347Fees	0.553%Below	484
9	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$702Fees	0.185%Below	1,365
10	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$1,521Fees	0.254%Below	1,942
11	Manufacturers and Traders Trust Company BankDirect	Strong	Sound	Exceptional	Strong	Strong	$1,503Fees	0.116%Below	425
12	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$678Fees	0.638%Below	151
13	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$1,456Fees	0.066%Above	1,559
14	Valley National Bank BankDirect	Strong	Exceptional	Strong	Sound	Strong	$1,066Fees	0.539%Below	268
15	PNC Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,623Fees	0.032%Below	119
16	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,640Fees	0.203%Above	2,895
17	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,562Fees	0.094%Above	1,039
18	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,576Fees	0.205%Above	554
19	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,398Fees	0.102%Above	497
20	HSBC BANK USA, NATIONAL ASSOCIATION BankDirect	Strong	Strong	Strong	Sound	Strong	$497Fees	0.243%Below	363
21	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,932Fees	0.367%Above	364
22	1ST PRIORITY MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Strong	$2,930Fees	0.153%Above	164
23	Kearny Bank BankDirect	Strong	Exceptional	Sound	Sound	Strong	$1,073Fees	0.235%Below	121
24	Columbia Bank BankDirect	Strong	Exceptional	Sound	Sound	Strong	$383Fees	0.920%Below	115
25	TD Bank, National Association BankDirect	Strong	Sound	Strong	Sound	Exceptional	$945Fees	0.023%Above	988
26	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$1,907Fees	0.181%Above	741
27	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,036Fees	0.328%Above	245
28	Bethpage Federal Credit Union Credit UnionDirect & Wholesale	Strong	Strong*	Strong	Sound	Strong	$1,386Fees	0.275%Below	197
29	AMERICAN FEDERAL MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Exceptional	Strong	Acceptable	Strong	$272Credit	0.292%Below	118
30	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,638Fees	0.360%Above	427
31	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Strong	$2,865Fees	0.377%Above	630
32	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,298Fees	0.385%Above	327
33	CONTOUR MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$4,692Fees	0.307%Above	488
34	United Nations Federal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Acceptable	Strong	$209Fees	0.585%Below	272
35	NORWICH COMMERCIAL GROUP, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Strong	Sound	Strong	$3,144Fees	0.401%Above	376
36	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,539Fees	0.401%Above	133
37	RELIANCE FIRST CAPITAL, LLC Independent Mortgage CompanyDirect	Strong	—	Strong	Strong	Strong	—	—	98
38	Municipal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Acceptable	Strong	$460Fees	0.263%Below	176
39	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$3,221Fees	0.471%Above	204
40	AMERICAN FINANCIAL NETWORK, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,162Fees	0.582%Above	188
41	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$2,619Fees	0.134%Above	372
42	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,720Fees	0.511%Above	296
43	SUMMIT MORTGAGE BANKERS INC. Independent Mortgage CompanyDirect	Strong	Sound	Sound	Strong	Strong	$3,796Fees	0.087%Above	248
44	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,709Fees	0.047%Above	223
45	NATIONWIDE MORTGAGE BANKERS, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Strong	Exceptional	$5,778Fees	0.473%Above	603
46	AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	Strong	$3,961Fees	0.508%Above	191
47	The Federal Savings Bank BankDirect	Sound	Mediocre	Strong	Sound	Strong	$4,891Fees	0.337%Above	326
48	BETTER MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Exceptional	Strong	Mediocre	Strong	$25Fees	0.208%Below	117
49	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Sound	Strong	$2,072Fees	0.196%Above	144
50	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Strong	$3,087Fees	0.260%Above	112

❓ 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 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.