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Bank of America NA in New York

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

LEI B4TYDEB6GKMZO031MB27
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.

Bank of America NA's 2024 HMDA record for New York covers 9,850 applications, 3,483 of them originated, worth $2.0bn.

Its denial rate in the state was 50.9%, above the New York rate of 25.4% across all lenders and compared with the lender's national rate of 48.1%.

The median rate spread on its New York originations was 0.8 percentage points (state median 0.3).

Applications in the state were down 9% on 2023.

9,850applications in NY, 20244.5% of the lender's total
3,483loans originated$2.0bn
50.9%denial rateNY all lenders 25.4%
0.8 ppmedian rate spreadNY 0.3 pp

Compared with the state and the lender's national record

MeasureIn New YorkNew York, all lendersBank of America NA, all statesUnited States
Denial rate50.9%25.4%48.1%24.3%
Median rate spread, pp0.80.31.10.3
Originations with spread of 1.5 pp or more39.6%15.0%41.1%15.6%
Average originated loan$576k$446k$360k$329k
Home purchase share44.1%55.3%31.8%57.0%
FHA-insured share0.6%7.4%0.5%13.4%
VA-guaranteed share0.1%2.4%0.1%7.9%

Trend by year

ApplicationsOriginations

07784.515,5692022: 15,569 Applications2023: 10,843 Applications2024: 9,850 Applications2022: 6,498 Originations2023: 3,787 Originations2024: 3,483 Originations202220232024
Bank of America NA in New York: applications and originations, 2022–2024

This lender in stateNew York, all lenders

0%28.8%57.5%2022: 48.3% This lender in state2023: 57.5% This lender in state2024: 50.9% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in New York

By purpose

Home purchase 44% (1,535)Home improvement 26% (902)Refinancing 15% (523)Cash-out refinancing 2% (73)Other purpose 13% (450)

By type

Conventional 99% (3,459)FHA 1% (22)VA 0% (2)

Denial reasons as coded

Debt-to-income ratio40.7%
Credit history40.2%
Collateral13.3%
Other2.8%
Unverifiable information2.3%
Insufficient cash (downpayment, closing costs)0.6%
Employment history0.1%
Credit application incomplete0%
Mortgage insurance denied0%

Share of 3,848 denials in New York by first denial reason coded (outlined bar: all lenders in the state).

Counties in New York

CountyApplicationsOriginationsAmountDenial rate
Suffolk County1,453505$357m51.0%
Nassau County1,278462$202m49.3%
Westchester County956458$312m35.8%
Erie County735303$50m46.6%
Kings County815263$247m53.7%
New York County602258$534m43.4%
Queens County847176$52m69.5%
Monroe County336132$19m48.1%
Orange County310100$24m54.2%
Onondaga County24683$14m53.7%
Richmond County28979$22m60.1%
Saratoga County13668$17m35.2%
Rockland County20264$16m54.8%
Dutchess County14653$12m48.1%
Albany County12353$12m40.0%
Bronx County25251$23m71.0%
Niagara County12246$6.8m51.1%
Ulster County12640$16m52.2%
Schenectady County9839$5.4m47.4%
Putnam County7228$4.6m46.3%
Rensselaer County5316$2.3m56.1%
Genesee County4215$2.1m48.4%
Columbia County3614$5.9m44.8%
Sullivan County5013$2.0m67.5%
Warren County2913$4.8m—
Broome County3011$2.1m—
Ontario County2711$6.3m—
Oneida County499$1.5m67.7%
Oswego County319$995k64.0%
Greene County298$3.3m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Bank of America NA originate in New York in 2024?

3,483 loans totalling $2.0bn, from 9,850 applications reported for properties in New York.

What is Bank of America NA's denial rate in New York?

50.9% of decided applications in New York were denied, against 25.4% for all lenders in the state and 48.1% 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 Bank of America NA lend in most?

By originations: Suffolk County (505), Nassau County (462), Westchester County (458), Erie County (303), Kings County (263).

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.