Garden Savings Federal Credit Union in New Jersey vs the state
39.9%Denial rate+22.18 pts vs state
46.3%Decision denial rate+23.27 pts vs state
44.9%Origination rate-10.74 pts vs state
7.00%Median rate+0.25 pts vs state
0.67Rate spread (pts)+0.39 pts vs state
$122kMedian applicant income
71Loans originated
63Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 113 | 61 | 31.9% | 6.88% | #235 |
| 2024 | 116 | 68 | 25.9% | 7.75% | #242 |
| 2025 | 158 | 71 | 39.9% | 7.00% | #216 |
What Garden Savings Federal Credit Union lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Garden Savings Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Morris County | 40 | 20 | 16 | 40.0% |
| Essex County | 20 | 7 | 9 | 45.0% |
| Middlesex County | 19 | 6 | 10 | 52.6% |
| Ocean County | 14 | 8 | 5 | 35.7% |
| Bergen County | 10 | 3 | 5 | 50.0% |
| Passaic County | 9 | 6 | 3 | 33.3% |
| Sussex County | 9 | 2 | 6 | 66.7% |
| Somerset County | 7 | 5 | 0 | 0.0% |
| Union County | 7 | 4 | 3 | 42.9% |
| Monmouth County | 6 | 2 | 2 | 33.3% |
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: 158 applications in 2025, of which 71 were originated and 63 denied.
39.9% of all applications, or 46.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Garden Savings Federal Credit Union originated in New Jersey in 2025 was 7.00%, against a statewide median of 6.75%.
About this data. Figures are Garden Savings Federal Credit Union'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