Charles Schwab Bank in New Jersey vs the state
4.6%Denial rate-13.05 pts vs state
4.7%Decision denial rate-18.39 pts vs state
91.8%Origination rate+36.07 pts vs state
5.78%Median rate-0.97 pts vs state
-0.12Rate spread (pts)-0.40 pts vs state
$377kMedian applicant income
178Loans originated
9Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 79 | 75 | 5.1% | 6.13% | #270 |
| 2024 | 145 | 131 | 6.9% | 6.05% | #223 |
| 2025 | 194 | 178 | 4.6% | 5.78% | #201 |
What Charles Schwab 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 Charles Schwab Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 26 | 25 | 0 | 0.0% |
| Monmouth County | 23 | 21 | 2 | 8.7% |
| Bergen County | 23 | 22 | 0 | 0.0% |
| Morris County | 20 | 18 | 1 | 5.0% |
| Ocean County | 17 | 15 | 1 | 5.9% |
| Hudson County | 17 | 16 | 0 | 0.0% |
| Cape May County | 15 | 14 | 1 | 6.7% |
| Mercer County | 12 | 8 | 2 | 16.7% |
| Union County | 9 | 9 | 0 | 0.0% |
| Middlesex County | 6 | 5 | 1 | 16.7% |
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: 194 applications in 2025, of which 178 were originated and 9 denied.
4.6% of all applications, or 4.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Charles Schwab Bank originated in New Jersey in 2025 was 5.78%, against a statewide median of 6.75%.
About this data. Figures are Charles Schwab 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