Flagstar Bank in New Jersey vs the state
36.4%Denial rate+18.66 pts vs state
49.2%Decision denial rate+26.13 pts vs state
35.5%Origination rate-20.20 pts vs state
6.50%Median rate-0.25 pts vs state
0.20Rate spread (pts)-0.09 pts vs state
$136kMedian applicant income
204Loans originated
209Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,252 | 603 | 28.3% | 7.63% | #53 |
| 2024 | 1,051 | 454 | 32.9% | 7.22% | #54 |
| 2025 | 575 | 204 | 36.4% | 6.50% | #104 |
What Flagstar 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 Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 75 | 20 | 35 | 46.7% |
| Monmouth County | 65 | 22 | 24 | 36.9% |
| Ocean County | 64 | 29 | 18 | 28.1% |
| Union County | 60 | 21 | 20 | 33.3% |
| Essex County | 55 | 12 | 21 | 38.2% |
| Bergen County | 53 | 18 | 19 | 35.8% |
| Hudson County | 33 | 11 | 14 | 42.4% |
| Somerset County | 29 | 14 | 6 | 20.7% |
| Camden County | 26 | 11 | 8 | 30.8% |
| Morris County | 23 | 10 | 9 | 39.1% |
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: 575 applications in 2025, of which 204 were originated and 209 denied.
36.4% of all applications, or 49.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Flagstar Bank originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Flagstar 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