Mortgage lender · Kearny, NJ · LEI 549300N6U5XCH70TOK35

Kearny Bank review: approval odds, rates and grade (2025)

Kearny Bank earns a B, better than most small mortgage lenders. It turned down 7.1% of the applications it decided on in 2025, which ranks in the 62nd percentile for approval odds. Its median loan was priced 0.28 points below the average prime offer rate, ranking in the 93rd percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

622Applications2025
74.8%Originatedof applications
7.1%Decision denial ratenational 22.6%
6.13%Median ratenational 6.63%
$295MLoan volume12 states

Kearny Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

5.8%Denial rate (all applications)-12.19 pts vs national
7.1%Denial rate (decided applications)-15.46 pts vs national
74.8%Origination rate+16.73 pts vs national
16.7%Withdrawn by applicant
2.1%Closed for incompleteness
6.13%Median interest rate-0.50 pts vs national
-0.28Median rate spread (pts over APOR)-0.53 pts vs national
$465,000Median loan amount
$4,824Median total loan costs
$172kMedian applicant income
75%Median loan-to-value
0High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

62nd7.1% denied

Pricingmedian rate spread over APOR, weight 30%

93rd-0.28 pts

Processwithdrawn + incomplete share, weight 15%

22nd18.8%

Closing coststotal loan costs ÷ loan amount, weight 10%

84th1.04% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20236234334.3%5.8%6.13%$230M
20246845355.7%6.8%6.49%$375M
20256224655.8%7.1%6.13%$295M

What Kearny Bank lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 503 81% · 5.2% denied
Refinance 80 13% · 5.0% denied
Cash-out refinance 24 4% · 8.3% denied
Home improvement 12 2% · 25.0% denied
Other / HELOC 3 0% · 33.3% denied

By loan type

Conventional 622 100% · 5.8% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 122 investment properties.

Why Kearny Bank denies applications

Primary reason reported for each of the 36 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 13 36%
Collateral 13 36%
Credit history 6 17%
Employment history 1 3%
Unverifiable information 1 3%
Incomplete application 1 3%
Other 1 3%

How these reasons compare nationally →

Who gets approved at Kearny Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k826614.3%
$100k – $150k1301006.5%
$150k – $250k1841325.0%
Over $250k1471092.6%
Applicant ageApplicationsOriginatedDecision denial rate
25–342231665.7%
35–441571108.3%
45–5485618.7%
55–6462537.0%
65–7421175.6%

Where Kearny Bank lends

12 states and 55 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
New Jersey5684245.6%6.13%#106
New York201510.0%6.50%#412
Pennsylvania980.0%6.49%#698
Florida6416.7%6.50%#1,055
North Carolina550.0%6.25%#749

Frequently asked questions

Kearny Bank denied 7.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 62nd percentile of small mortgage lenders.

The most common reason Kearny Bank gave in 2025 was "debt-to-income ratio", cited on 36.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Kearny Bank originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.28 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 81% of its applications were for home purchases, 17% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Kearny Bank. Data sources · Methodology