Safe Rate Rankings

Best FHA 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 Lenders18

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	Manufacturers and Traders Trust CompanyBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$1,052Fees	0.167%Above	2,631
2	KeyBank National AssociationBank	Exceptional	Exceptional	Strong	Sound	Exceptional	$1,211Fees	0.052%Above	1,503
3	Citibank, National AssociationBank	Exceptional	Exceptional	Sound	Acceptable	Exceptional	$304Credit	0.246%Below	2,587
4	Citizens Bank, National AssociationBank	Exceptional	Strong	Strong	Sound	Exceptional	$1,115Fees	0.093%Below	2,366
5	Genesee Regional BankBank	Exceptional	Sound	Strong	Exceptional	Exceptional	$1,911Fees	0.504%Above	1,480
6	TD Bank, National AssociationBank	Exceptional	Strong	Strong	Sound	Exceptional	$1,072Fees	0.053%Above	1,292
7	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$157Fees	0.158%Below	967
8	Flagstar Bank, N.A.Bank	Strong	Sound	Exceptional	Strong	Strong	$3,769Fees	0.429%Above	633
9	NBT Bank, National AssociationBank	Strong	Exceptional	Acceptable	Acceptable	Exceptional	$1,086Fees	0.081%Below	450
10	Five Star BankBank	Strong	Strong	Sound	Sound	Exceptional	$1,278Fees	0.263%Above	397
11	Glens Falls National Bank and Trust CompanyBank	Strong	Strong	—	Strong	Strong	$1,117Fees	0.059%Above	242
12	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Sound	Exceptional	$3,228Fees	0.144%Above	6,052
13	Wells Fargo Bank, National AssociationBank	Strong	Sound	Strong	Sound	Exceptional	$1,682Fees	0.187%Below	2,546
14	Valley National BankBank	Strong	Strong	Sound	Sound	Strong	$1,149Fees	0.496%Below	450
15	Northwest BankBank	Strong	Exceptional	Acceptable	Acceptable	Strong	$1,119Fees	0.113%Above	285
16	Bank of America, National AssociationBank	Strong	Acceptable	Strong	Sound	Exceptional	$1,501Fees	0.260%Below	1,433
17	The Federal Savings BankBank	Strong	Acceptable	Exceptional	Sound	Strong	$4,983Fees	0.413%Above	650
18	Quontic BankBank	Sound	Mediocre	Strong	Strong	Strong	$6,443Fees	1.063%Above	442

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.