Manufacturers and Traders Trust in New Jersey vs the state
33.5%Denial rate+15.79 pts vs state
37.9%Decision denial rate+14.86 pts vs state
52.4%Origination rate-3.24 pts vs state
5.99%Median rate-0.76 pts vs state
-0.28Rate spread (pts)-0.56 pts vs state
$159kMedian applicant income
1,502Loans originated
959Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,161 | 969 | 45.0% | 7.38% | #27 |
| 2024 | 2,549 | 1,211 | 40.5% | 6.99% | #28 |
| 2025 | 2,864 | 1,502 | 33.5% | 5.99% | #22 |
What Manufacturers and Traders Trust lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Manufacturers and Traders Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 526 | 282 | 172 | 32.7% |
| Essex County | 327 | 171 | 119 | 36.4% |
| Ocean County | 261 | 144 | 89 | 34.1% |
| Monmouth County | 221 | 121 | 64 | 29.0% |
| Middlesex County | 214 | 110 | 81 | 37.9% |
| Hudson County | 189 | 98 | 64 | 33.9% |
| Union County | 182 | 89 | 65 | 35.7% |
| Morris County | 167 | 104 | 45 | 26.9% |
| Passaic County | 130 | 50 | 63 | 48.5% |
| Somerset County | 114 | 67 | 30 | 26.3% |
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: 2,864 applications in 2025, of which 1,502 were originated and 959 denied.
33.5% of all applications, or 37.9% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Manufacturers and Traders Trust originated in New Jersey in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Manufacturers and Traders Trust'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