Magyar Bank in New Jersey vs the state
11.1%Denial rate-6.58 pts vs state
13.1%Decision denial rate-9.94 pts vs state
73.6%Origination rate+17.93 pts vs state
—Median rate
—Rate spread (pts)
$182kMedian applicant income
106Loans originated
16Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 123 | 84 | 14.6% | — | #225 |
| 2024 | 138 | 101 | 11.6% | — | #227 |
| 2025 | 144 | 106 | 11.1% | — | #228 |
What Magyar Bank lends in New Jersey
By loan purpose
By loan type
Where in New Jersey
Counties with the most Magyar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 68 | 53 | 5 | 7.4% |
| Somerset County | 23 | 14 | 4 | 17.4% |
| Monmouth County | 12 | 8 | 2 | 16.7% |
| Union County | 10 | 9 | 0 | 0.0% |
| Ocean County | 9 | 6 | 2 | 22.2% |
| Essex County | 8 | 6 | 1 | 12.5% |
| Morris County | 4 | 3 | 0 | 0.0% |
| Hunterdon County | 3 | 2 | 0 | 0.0% |
| Atlantic County | 2 | 1 | 1 | 50.0% |
| Hudson County | 2 | 2 | 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: 144 applications in 2025, of which 106 were originated and 16 denied.
11.1% of all applications, or 13.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Magyar 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