Baxter Credit Union · New Jersey · 2025

Baxter Credit Union in New Jersey: approval rate, denial rate and rates (2025)

Baxter Credit Union took 97 mortgage applications in New Jersey in 2025, ranking #271 of 883 lenders active in the state. It originated 54.6% of them and denied 20.6% (21.3% of the applications it decided), against a statewide denial rate of 17.7%.

97Applicationsin NJ
21.3%Decision denial ratestate 23.1%
7.00%Median ratestate 6.75%
$175,000Median loanstate $295,000
$17MVolume18 counties

Baxter Credit Union in New Jersey vs the state

20.6%Denial rate+2.93 pts vs state
21.3%Decision denial rate-1.77 pts vs state
54.6%Origination rate-1.04 pts vs state
7.00%Median rate+0.25 pts vs state
0.01Rate spread (pts)-0.28 pts vs state
$179kMedian applicant income
53Loans originated
20Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023593018.6%8.25%#309
2024633522.2%8.50%#317
2025975320.6%7.00%#271

What Baxter Credit Union lends in New Jersey

By loan purpose

Home purchase 18 19% · 0.0% denied
Refinance 4 4% · 75.0% denied
Cash-out refinance 23 24% · 4.4% denied
Home improvement 27 28% · 29.6% denied
Other / HELOC 25 26% · 32.0% denied

By loan type

Conventional 97 100% · 20.6% denied

Why it denied New Jersey applicants

Credit history 9 45%
Debt-to-income ratio 7 35%
Collateral 3 15%
Unverifiable information 1 5%

Where in New Jersey

Counties with the most Baxter Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 1784 23.5%
Essex County 1271 8.3%
Bergen County 1271 8.3%
Burlington County 962 22.2%
Monmouth County 731 14.3%
Gloucester County 622 33.3%
Morris County 651 16.7%
Union County 640 0.0%
Ocean County 421 25.0%
Mercer County 321 33.3%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 97 applications in 2025, of which 53 were originated and 20 denied.

20.6% of all applications, or 21.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Baxter Credit Union originated in New Jersey in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are Baxter Credit Union'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