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Navy Federal Credit Union in New York

HMDA record for properties in New York, calendar year 2024. National record · New York overview

LEI 5493003GQDUH26DNNH17
Reporting agency Consumer Financial Protection Bureau
State New York

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Navy Federal Credit Union's 2024 HMDA record for New York covers 3,270 applications, 1,352 of them originated, worth $328m.

Its denial rate in the state was 40.8%, above the New York rate of 25.4% across all lenders and compared with the lender's national rate of 34.3%.

The median rate spread on its New York originations was 0.6 percentage points (state median 0.3).

Applications in the state were up 11% on 2023.

3,270applications in NY, 20241.8% of the lender's total
1,352loans originated$328m
40.8%denial rateNY all lenders 25.4%
0.6 ppmedian rate spreadNY 0.3 pp

Compared with the state and the lender's national record

MeasureIn New YorkNew York, all lendersNavy Federal Credit Union, all statesUnited States
Denial rate40.8%25.4%34.3%24.3%
Median rate spread, pp0.60.30.90.3
Originations with spread of 1.5 pp or more36.3%15.0%39.5%15.6%
Average originated loan$243k$446k$216k$329k
Home purchase share46.7%55.3%37.2%57.0%
FHA-insured share0.0%7.4%0.0%13.4%
VA-guaranteed share24.9%2.4%20.8%7.9%

Trend by year

ApplicationsOriginations

01,6353,2702022: 2,720 Applications2023: 2,950 Applications2024: 3,270 Applications2022: 1,190 Originations2023: 1,094 Originations2024: 1,352 Originations202220232024
Navy Federal Credit Union in New York: applications and originations, 2022–2024

This lender in stateNew York, all lenders

0%23.8%47.5%2022: 41% This lender in state2023: 47.5% This lender in state2024: 40.8% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in New York

By purpose

Home purchase 47% (631)Home improvement 25% (338)Refinancing 1% (11)Cash-out refinancing 9% (122)Other purpose 18% (250)

By type

Conventional 75% (1,015)VA 25% (337)

Denial reasons as coded

Debt-to-income ratio38.1%
Other28.5%
Credit history17.8%
Collateral7.7%
Unverifiable information3.2%
Credit application incomplete2.3%
Employment history1.6%
Insufficient cash (downpayment, closing costs)0.8%
Mortgage insurance denied0%

Share of 950 denials in New York by first denial reason coded (outlined bar: all lenders in the state).

Counties in New York

CountyApplicationsOriginationsAmountDenial rate
Suffolk County339140$37m41.0%
Erie County247120$21m31.8%
Nassau County21285$28m44.4%
Westchester County18771$26m43.5%
Orange County16270$16m41.5%
Monroe County14762$9.4m42.2%
Onondaga County13661$13m32.6%
Saratoga County11759$14m33.0%
Queens County18749$18m61.8%
Kings County18645$20m64.0%
Dutchess County8441$11m29.3%
Jefferson County10037$7.6m43.5%
Niagara County5227$5.0m34.1%
Rockland County6726$6.4m43.5%
Schenectady County5324$5.1m29.4%
Oneida County4622$3.7m27.3%
Albany County5720$3.8m45.9%
Rensselaer County4420$5.7m28.6%
Oswego County3717$2.9m32.0%
Putnam County3916$5.2m48.4%
Broome County3816$2.7m36.0%
Tompkins County2916$2.9m—
Richmond County5215$5.0m57.1%
Ulster County3115$3.5m—
Madison County2615$3.1m—
Chautauqua County3414$2.4m44.0%
Bronx County5511$3.4m73.2%
Steuben County2511$1.3m—
St. Lawrence County2610$1.1m—
New York County2510$6.3m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Navy Federal Credit Union originate in New York in 2024?

1,352 loans totalling $328m, from 3,270 applications reported for properties in New York.

What is Navy Federal Credit Union's denial rate in New York?

40.8% of decided applications in New York were denied, against 25.4% for all lenders in the state and 34.3% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which New York counties does Navy Federal Credit Union lend in most?

By originations: Suffolk County (140), Erie County (120), Nassau County (85), Westchester County (71), Orange County (70).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in New York. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.