Farmers Bank & Trust · New Jersey · 2025

Farmers Bank & Trust in New Jersey: approval rate, denial rate and rates (2025)

Farmers Bank & Trust took 60 mortgage applications in New Jersey in 2025, ranking #332 of 883 lenders active in the state. It originated 31.7% of them and denied 11.7% (26.9% of the applications it decided), against a statewide denial rate of 17.7%.

60Applicationsin NJ
26.9%Decision denial ratestate 23.1%
6.38%Median ratestate 6.75%
$470,000Median loanstate $295,000
$9.6MVolume16 counties

Farmers Bank & Trust in New Jersey vs the state

11.7%Denial rate-6.02 pts vs state
26.9%Decision denial rate+3.87 pts vs state
31.7%Origination rate-24.01 pts vs state
6.38%Median rate-0.38 pts vs state
-0.10Rate spread (pts)-0.39 pts vs state
$211kMedian applicant income
19Loans originated
7Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023682810.3%6.25%#290
202488345.7%6.62%#271
2025601911.7%6.38%#332

What Farmers Bank & Trust lends in New Jersey

By loan purpose

Home purchase 19 32% · 5.3% denied
Refinance 25 42% · 0.0% denied
Cash-out refinance 13 22% · 38.5% denied
Other / HELOC 3 5% · 33.3% denied

By loan type

Conventional 59 98% · 11.9% denied
VA 1 2% · 0.0% denied

Why it denied New Jersey applicants

Debt-to-income ratio 4 57%
Other 2 29%
Collateral 1 14%

Where in New Jersey

Counties with the most Farmers Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Essex County 922 22.2%
Bergen County 721 14.3%
Mercer County 620 0.0%
Morris County 630 0.0%
Camden County 501 20.0%
Middlesex County 401 25.0%
Monmouth County 420 0.0%
Union County 300 0.0%
Hunterdon County 311 33.3%
Hudson 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: 60 applications in 2025, of which 19 were originated and 7 denied.

11.7% of all applications, or 26.9% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Farmers Bank & Trust originated in New Jersey in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Farmers Bank & Trust'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