Discover Bank in New Jersey vs the state
52.7%Denial rate+35.03 pts vs state
78.7%Decision denial rate+55.69 pts vs state
13.8%Origination rate-41.90 pts vs state
8.52%Median rate+1.77 pts vs state
1.91Rate spread (pts)+1.63 pts vs state
$125kMedian applicant income
451Loans originated
1,726Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9,376 | 1,302 | 45.3% | 8.99% | #6 |
| 2024 | 10,098 | 1,714 | 49.1% | 8.61% | #6 |
| 2025 | 3,274 | 451 | 52.7% | 8.52% | #20 |
What Discover 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 Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 330 | 44 | 161 | 48.8% |
| Bergen County | 328 | 35 | 184 | 56.1% |
| Ocean County | 324 | 45 | 167 | 51.5% |
| Monmouth County | 291 | 50 | 151 | 51.9% |
| Burlington County | 201 | 31 | 110 | 54.7% |
| Camden County | 199 | 34 | 106 | 53.3% |
| Essex County | 183 | 21 | 94 | 51.4% |
| Morris County | 173 | 25 | 81 | 46.8% |
| Passaic County | 168 | 17 | 99 | 58.9% |
| Union County | 163 | 21 | 84 | 51.5% |
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: 3,274 applications in 2025, of which 451 were originated and 1,726 denied.
52.7% of all applications, or 78.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Discover Bank originated in New Jersey in 2025 was 8.52%, against a statewide median of 6.75%.
About this data. Figures are Discover 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