JPMorgan Leads NYC Residential Mortgage Lenders

Condos drove the largest share of residential lending at four of the top five mortgage firms in New York City, according to TRD Data.

Updated on Nov. 10, 2026 in Residential

Gouache-painted editorial illustration of a single slender residential tower with one warmly lit window among many dark ones against a pale sky, evoking Manhattan condo demand. — JPMorgan Chase topped TRD Data's ranking of New York City residential mortgage lenders with $2 billion recorded, with condos driving most lending at four of the top five firms. AI Illustration. Upload story photo >

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JPMorgan Chase topped TRD Data's ranking of residential mortgage lenders in New York City with $2 billion in recorded mortgages. Condos accounted for the largest share of residential lending at four of the top five lenders.

Why it matters

The concentration of lending in condos reflects continued demand in a Manhattan market where median condo and co-op prices have risen for six straight quarters. Falling inventory in that segment adds to the competitive pressure on buyers in New York City.

JPMorgan's residential mortgages averaged $1.1 million per document, and condos made up more than 40 percent of each of the top four firms' residential mortgage volume. Citigroup recorded $615.5 million across 628 mortgages in the same period.

The players

JPMorgan Chase

A major global bank headquartered in New York City and one of the largest residential mortgage lenders in the United States.

TRD Data

The data analytics arm of The Real Deal, a New York real estate publication that tracks property records and lending activity.

Citizens Bank

A regional bank with a significant lending presence in the Northeast, including the New York metropolitan area.

Wells Fargo

A national banking institution and one of the largest mortgage originators in the United States.

The details

TRD Data analyzed residential mortgages over $10,000 recorded with the city in the year beginning August 2025. The analysis found condos drove the largest share of lending at four of the top five firms, while Manhattan's condo and co-op inventory continued to fall.

August 2025: The year-long recording period analyzed begins.
End of last year: JPMorgan recorded a $25 million mortgage for 432 Park Avenue in Midtown East.

Market Context

Manhattan's median condo and co-op sale price has risen for six straight quarters, a trend that the current lending concentration in condos extends. Shrinking inventory in that segment points to continued pressure on buyers.

Buyers considering a New York City condo should expect competition from large lenders who are concentrating on that property type. Prospective borrowers may find financing easier to secure through the major banks that lead residential mortgage recording.

The takeaway

Condos are the core of New York City's residential lending right now, so buyers should watch how this concentration shapes pricing and availability in the months ahead. Comparing lender offers early can help navigate a market with tightening inventory.