Ally Bank in New Jersey vs the state
21.1%Denial rate+3.36 pts vs state
28.6%Decision denial rate+5.52 pts vs state
52.6%Origination rate-3.05 pts vs state
6.38%Median rate-0.38 pts vs state
-0.11Rate spread (pts)-0.40 pts vs state
$156kMedian applicant income
10Loans originated
4Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 228 | 93 | 7.5% | 6.38% | #166 |
| 2024 | 195 | 77 | 8.7% | 6.13% | #198 |
| 2025 | 19 | 10 | 21.1% | 6.38% | #457 |
What Ally Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Ally Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Morris County | 4 | 3 | 0 | 0.0% |
| Monmouth County | 3 | 2 | 0 | 0.0% |
| Bergen County | 2 | 1 | 0 | 0.0% |
| Essex County | 2 | 1 | 1 | 50.0% |
| Sussex County | 2 | 1 | 1 | 50.0% |
| Atlantic County | 1 | 0 | 1 | 100.0% |
| Hudson County | 1 | 0 | 0 | 0.0% |
| Passaic County | 1 | 0 | 0 | 0.0% |
| Camden County | 1 | 1 | 0 | 0.0% |
| Cape May County | 1 | 0 | 1 | 100.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 19 applications in 2025, of which 10 were originated and 4 denied.
21.1% of all applications, or 28.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Ally Bank originated in New Jersey in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are Ally Bank's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology