Mid Penn Bank · New Jersey · 2025

Mid Penn Bank in New Jersey: approval rate, denial rate and rates (2025)

Mid Penn Bank took 145 mortgage applications in New Jersey in 2025, ranking #226 of 883 lenders active in the state. It originated 56.6% of them and denied 17.9% (22.8% of the applications it decided), against a statewide denial rate of 17.7%.

145Applicationsin NJ
22.8%Decision denial ratestate 23.1%
7.25%Median ratestate 6.75%
$285,000Median loanstate $295,000
$54MVolume18 counties

Mid Penn Bank in New Jersey vs the state

17.9%Denial rate+0.24 pts vs state
22.8%Decision denial rate-0.24 pts vs state
56.6%Origination rate+0.87 pts vs state
7.25%Median rate+0.50 pts vs state
0.21Rate spread (pts)-0.07 pts vs state
$166kMedian applicant income
82Loans originated
26Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023927310.9%7.25%#255
20241116322.5%6.99%#245
20251458217.9%7.25%#226

What Mid Penn Bank lends in New Jersey

By loan purpose

Home purchase 42 29% · 2.4% denied
Refinance 34 23% · 17.7% denied
Cash-out refinance 13 9% · 7.7% denied
Home improvement 32 22% · 31.3% denied
Other / HELOC 24 17% · 33.3% denied

By loan type

Conventional 144 99% · 17.4% denied
FHA 1 1% · 100.0% denied

Why it denied New Jersey applicants

Debt-to-income ratio 19 73%
Credit history 4 15%
Collateral 2 8%
Other 1 4%

Where in New Jersey

Counties with the most Mid Penn Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 41238 19.5%
Camden County 21104 19.0%
Cape May County 1262 16.7%
Monmouth County 1054 40.0%
Mercer County 1052 20.0%
Gloucester County 842 25.0%
Burlington County 850 0.0%
Atlantic County 831 12.5%
Ocean County 540 0.0%
Union County 550 0.0%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 145 applications in 2025, of which 82 were originated and 26 denied.

17.9% of all applications, or 22.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Mid Penn Bank originated in New Jersey in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Mid Penn 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