Northfield Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
5th35.1% deniedProcesswithdrawn + incomplete share, weight 15%
69th7.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,013 | 404 | 53.0% | 55.7% | — | $150M |
| 2024 | 938 | 348 | 54.5% | 57.6% | — | $64M |
| 2025 | 861 | 480 | 32.4% | 35.1% | — | $201M |
What Northfield 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 49 investment properties.
Why Northfield Bank denies applications
Primary reason reported for each of the 279 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Northfield Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 41 | 6 | 85.0% |
| $50k – $100k | 135 | 51 | 55.4% |
| $100k – $150k | 177 | 88 | 40.2% |
| $150k – $250k | 254 | 165 | 27.3% |
| Over $250k | 204 | 133 | 21.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 79 | 37 | 42.0% |
| 35–44 | 183 | 100 | 39.5% |
| 45–54 | 207 | 118 | 33.5% |
| 55–64 | 184 | 95 | 41.9% |
| 65–74 | 111 | 64 | 28.6% |
| Over 74 | 56 | 29 | 32.7% |
Where Northfield Bank lends
3 states and 36 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 489 | 292 | 27.8% | — | #119 |
| New York | 351 | 178 | 38.2% | — | #165 |
| Pennsylvania | 21 | 10 | 42.9% | — | #595 |
Frequently asked questions
Northfield Bank denied 35.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 5th percentile of small mortgage lenders.
The most common reason Northfield Bank gave in 2025 was "debt-to-income ratio", cited on 77.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 12% of its applications were for home purchases, 25% for refinancing (including cash-out), and 63% 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.