HSBC Bank USA in New Jersey vs the state
12.6%Denial rate-5.09 pts vs state
17.7%Decision denial rate-5.37 pts vs state
56.7%Origination rate+1.01 pts vs state
5.99%Median rate-0.76 pts vs state
-0.13Rate spread (pts)-0.42 pts vs state
$336kMedian applicant income
144Loans originated
32Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 249 | 142 | 10.0% | 6.32% | #159 |
| 2024 | 291 | 187 | 4.8% | 6.26% | #154 |
| 2025 | 254 | 144 | 12.6% | 5.99% | #176 |
What HSBC Bank USA lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most HSBC Bank USA applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 52 | 23 | 6 | 11.5% |
| Hudson County | 37 | 24 | 3 | 8.1% |
| Essex County | 31 | 20 | 3 | 9.7% |
| Morris County | 29 | 15 | 9 | 31.0% |
| Union County | 27 | 17 | 3 | 11.1% |
| Monmouth County | 26 | 14 | 2 | 7.7% |
| Mercer County | 12 | 7 | 0 | 0.0% |
| Middlesex County | 10 | 7 | 1 | 10.0% |
| Somerset County | 8 | 6 | 1 | 12.5% |
| Passaic County | 6 | 3 | 1 | 16.7% |
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: 254 applications in 2025, of which 144 were originated and 32 denied.
12.6% of all applications, or 17.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans HSBC Bank USA originated in New Jersey in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are HSBC Bank USA'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