Industrial Bank in New Jersey vs the state
70.0%Denial rate+52.31 pts vs state
87.5%Decision denial rate+64.45 pts vs state
10.0%Origination rate-45.68 pts vs state
6.63%Median rate-0.13 pts vs state
0.53Rate spread (pts)+0.24 pts vs state
$132kMedian applicant income
2Loans originated
14Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 12 | 6 | 50.0% | — | #516 |
| 2025 | 20 | 2 | 70.0% | 6.63% | #446 |
What Industrial 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 Industrial Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 7 | 0 | 5 | 71.4% |
| Burlington County | 3 | 0 | 2 | 66.7% |
| Mercer County | 3 | 0 | 3 | 100.0% |
| Middlesex County | 2 | 1 | 1 | 50.0% |
| Hudson County | 1 | 1 | 0 | 0.0% |
| Bergen County | 1 | 0 | 0 | 0.0% |
| Union County | 1 | 0 | 1 | 100.0% |
| Morris County | 1 | 0 | 1 | 100.0% |
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: 20 applications in 2025, of which 2 were originated and 14 denied.
70.0% of all applications, or 87.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Industrial Bank originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Industrial 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