BMO Bank in New Jersey vs the state
44.4%Denial rate+26.75 pts vs state
50.0%Decision denial rate+26.95 pts vs state
44.4%Origination rate-11.24 pts vs state
6.50%Median rate-0.25 pts vs state
0.22Rate spread (pts)-0.07 pts vs state
$420kMedian applicant income
16Loans originated
16Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 77 | 32 | 19.5% | 6.50% | #273 |
| 2024 | 107 | 53 | 24.3% | 6.88% | #249 |
| 2025 | 36 | 16 | 44.4% | 6.50% | #389 |
What BMO 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 BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 6 | 4 | 2 | 33.3% |
| Bergen County | 5 | 3 | 1 | 20.0% |
| Morris County | 4 | 2 | 2 | 50.0% |
| Somerset County | 3 | 1 | 0 | 0.0% |
| Hunterdon County | 3 | 2 | 1 | 33.3% |
| Union County | 3 | 1 | 2 | 66.7% |
| Middlesex County | 3 | 0 | 3 | 100.0% |
| Monmouth County | 3 | 1 | 2 | 66.7% |
| Hudson County | 2 | 0 | 1 | 50.0% |
| Cape May County | 2 | 1 | 1 | 50.0% |
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: 36 applications in 2025, of which 16 were originated and 16 denied.
44.4% of all applications, or 50.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans BMO Bank originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are BMO 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