# Best FHA Mortgage Bank Lenders in New York

**As of:** 2026-05-23

Compare the top banks for FHA loans in New York.

> **Canonical URL:** https://saferate.com/new-york/best-mortgage-lenders/banks/fha-loans


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


## Market Statistics

- **Total Lenders:** 215
- **Total Loans:** 47,525
- **Median Rate Spread:** 0.2421531100478469%

## Top Lenders

| Rank | Lender | SafeRate Score | Pricing | Pull-Through | Volume | Type |
|------|--------|----------------|---------|--------------|--------|------|
| 1 | Manufacturers and Traders Trust Company | 85 | 74 | 65 | 425 | Bank |
| 2 | U.S. Bank National Association | 83 | 65 | 60 | 803 | Bank |
| 3 | Citizens Bank, National Association | 79 | 74 | 54 | 1,365 | Bank |
| 4 | TD Bank, National Association | 79 | 71 | 44 | 988 | Bank |
| 5 | Flagstar Bank, N.A. | 79 | 58 | 71 | 364 | Bank |
| 6 | JPMorgan Chase Bank, National Association | 73 | 59 | 47 | 4,529 | Bank |
| 7 | Wells Fargo Bank, National Association | 73 | 57 | 42 | 1,942 | Bank |
| 8 | The Federal Savings Bank | 66 | 26 | 53 | 326 | Bank |

## Methodology

Safe Rate calculates these rankings using a risk-adjusted, data-driven scoring system based on Home Mortgage Disclosure Act (HMDA) filings. Rather than relying on simple averages, our statistical models control for loan-level risk factors (such as LTV, loan amount, and property value) to evaluate a lender's true competitiveness within New York.

Our composite SafeRate Score is derived using an equal, geometric weighting of the following factors:
1. **Pricing:** Evaluates the lender's interest rates and net fees relative to the market.
2. **Pull-Through:** Measures the percentage of applications that successfully close, indicating reliability and customer service.
3. **Product Knowledge:** Evaluates the lender's specific experience and volume originating the selected loan product.
4. **Local Place Knowledge:** Analyzes the lender's total number of loans originated in the specific geography to determine local market expertise.