Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in New York

Updated February 6, 2026

⚖️ 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 Lenders28

Total Loans112,852

Median Rate Spread0.20%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Tompkins Community BankBank	Exceptional	Exceptional	Strong	Exceptional	Exceptional	$1,144Fees	0.017%Above	446
2	Citibank, National AssociationBank	Exceptional	Exceptional	Exceptional	Sound	Exceptional	$304Credit	0.246%Below	2,587
3	NBT Bank, National AssociationBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,086Fees	0.081%Below	450
4	KeyBank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$1,211Fees	0.052%Above	1,503
5	Bank of America, National AssociationBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$1,501Fees	0.260%Below	1,433
6	TrustCo BankBank	Exceptional	Exceptional	Strong	Sound	Exceptional	$1,659Fees	0.218%Below	493
7	Wells Fargo Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Exceptional	$1,682Fees	0.187%Below	2,546
8	Citizens Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Exceptional	$1,115Fees	0.093%Below	2,366
9	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$157Fees	0.158%Below	967
10	Morgan Stanley Private Bank, National AssociationBank	Exceptional	Exceptional	Strong	Sound	Strong	$323Fees	0.553%Below	591
11	The Lyons National BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$967Fees	0.297%Above	470
12	Valley National BankBank	Exceptional	Exceptional	Strong	Sound	Strong	$1,149Fees	0.496%Below	450
13	Five Star BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$1,278Fees	0.263%Above	397
14	JPMorgan Chase Bank, National AssociationBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$3,228Fees	0.144%Above	6,052
15	Manufacturers and Traders Trust CompanyBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$1,052Fees	0.167%Above	2,631
16	Community Bank, National AssociationBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$389Fees	0.784%Above	1,928
17	Glens Falls National Bank and Trust CompanyBank	Exceptional	Strong	Strong	Strong	Strong	$1,117Fees	0.059%Above	242
18	Genesee Regional BankBank	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$1,911Fees	0.504%Above	1,480
19	HSBC BANK USA, NATIONAL ASSOCIATIONBank	Strong	Strong	Strong	Sound	Strong	$579Fees	0.211%Below	371
20	Northwest BankBank	Strong	Strong	Strong	Sound	Strong	$1,119Fees	0.113%Above	285
21	Ulster Savings BankBank	Strong	Sound	Strong	Exceptional	Strong	$2,708Fees	0.157%Above	249
22	TD Bank, National AssociationBank	Strong	Sound	Strong	Sound	Exceptional	$1,072Fees	0.053%Above	1,292
23	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Strong	$3,769Fees	0.429%Above	633
24	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Strong	$1,906Fees	0.105%Above	267
25	The Federal Savings BankBank	Sound	Mediocre	Strong	Sound	Strong	$4,983Fees	0.413%Above	650
26	Quontic BankBank	Sound	Mediocre	Strong	Sound	Strong	$6,443Fees	1.063%Above	442
27	Metro City BankBank	Sound	Mediocre	Sound	Sound	Strong	$5,852Fees	1.970%Above	356
28	Bank of HopeBank	Sound	Mediocre	Sound	Sound	Strong	$1,589Fees	0.554%Above	276

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

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.