Hanover Community Bank in New Jersey vs the state
8.7%Denial rate-8.99 pts vs state
10.0%Decision denial rate-13.05 pts vs state
69.6%Origination rate+13.89 pts vs state
6.50%Median rate-0.25 pts vs state
—Rate spread (pts)
$88kMedian applicant income
16Loans originated
2Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 28 | 17 | 10.7% | 7.13% | #407 |
| 2024 | 15 | 10 | 6.7% | 7.31% | #487 |
| 2025 | 23 | 16 | 8.7% | 6.50% | #432 |
What Hanover Community 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 Hanover Community Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 5 | 4 | 0 | 0.0% |
| Essex County | 4 | 2 | 1 | 25.0% |
| Monmouth County | 3 | 2 | 0 | 0.0% |
| Hudson County | 3 | 3 | 0 | 0.0% |
| Union County | 2 | 2 | 0 | 0.0% |
| Bergen County | 2 | 0 | 1 | 50.0% |
| Passaic County | 1 | 1 | 0 | 0.0% |
| Mercer County | 1 | 0 | 0 | 0.0% |
| Morris County | 1 | 1 | 0 | 0.0% |
| Burlington County | 1 | 1 | 0 | 0.0% |
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: 23 applications in 2025, of which 16 were originated and 2 denied.
8.7% of all applications, or 10.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Hanover Community Bank originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Hanover Community 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