City National Bank · New Jersey · 2025

City National Bank in New Jersey: approval rate, denial rate and rates (2025)

City National Bank took 63 mortgage applications in New Jersey in 2025, ranking #326 of 883 lenders active in the state. It originated 55.6% of them and denied 25.4% (30.8% of the applications it decided), against a statewide denial rate of 17.7%.

63Applicationsin NJ
30.8%Decision denial ratestate 23.1%
5.98%Median ratestate 6.75%
$815,000Median loanstate $295,000
$29MVolume14 counties

City National Bank in New Jersey vs the state

25.4%Denial rate+7.71 pts vs state
30.8%Decision denial rate+7.72 pts vs state
55.6%Origination rate-0.12 pts vs state
5.98%Median rate-0.77 pts vs state
-0.22Rate spread (pts)-0.50 pts vs state
$297kMedian applicant income
35Loans originated
16Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023583417.2%6.45%#318
2024331530.3%6.50%#389
2025633525.4%5.98%#326

What City National Bank lends in New Jersey

By loan purpose

Home purchase 37 59% · 10.8% denied
Refinance 6 10% · 33.3% denied
Cash-out refinance 8 13% · 62.5% denied
Home improvement 4 6% · 0.0% denied
Other / HELOC 8 13% · 62.5% denied

By loan type

Conventional 63 100% · 25.4% denied

Why it denied New Jersey applicants

Debt-to-income ratio 13 81%
Other 2 13%
Insufficient cash 1 6%

Where in New Jersey

Counties with the most City National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bergen County 1282 16.7%
Hudson County 952 22.2%
Essex County 842 25.0%
Passaic County 632 33.3%
Monmouth County 624 66.7%
Ocean County 623 50.0%
Morris County 540 0.0%
Mercer County 320 0.0%
Somerset County 211 50.0%
Union County 210 0.0%

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: 63 applications in 2025, of which 35 were originated and 16 denied.

25.4% of all applications, or 30.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans City National Bank originated in New Jersey in 2025 was 5.98%, against a statewide median of 6.75%.

About this data. Figures are City National 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