Northfield Bank · New Jersey · 2025

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

Northfield Bank took 489 mortgage applications in New Jersey in 2025, ranking #119 of 883 lenders active in the state. It originated 59.7% of them and denied 27.8% (30.4% of the applications it decided), against a statewide denial rate of 17.7%.

489Applicationsin NJ
30.4%Decision denial ratestate 23.1%
Median ratestate 6.75%
$185,000Median loanstate $295,000
$80MVolume19 counties

Northfield Bank in New Jersey vs the state

27.8%Denial rate+10.12 pts vs state
30.4%Decision denial rate+7.38 pts vs state
59.7%Origination rate+4.03 pts vs state
Median rate
Rate spread (pts)
$180kMedian applicant income
292Loans originated
136Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
202357224751.2%#89
202451520653.4%#102
202548929227.8%#119

What Northfield Bank lends in New Jersey

By loan purpose

Home purchase 63 13% · 7.9% denied
Refinance 134 27% · 19.4% denied
Cash-out refinance 1 0% · 0.0% denied
Home improvement 180 37% · 34.4% denied
Other / HELOC 111 23% · 38.7% denied

By loan type

Conventional 489 100% · 27.8% denied

Why it denied New Jersey applicants

Debt-to-income ratio 103 76%
Collateral 17 13%
Credit history 16 12%

Where in New Jersey

Counties with the most Northfield Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 975528 28.9%
Union County 603318 30.0%
Monmouth County 573416 28.1%
Mercer County 543414 25.9%
Ocean County 482416 33.3%
Hunterdon County 442514 31.8%
Morris County 31209 29.0%
Essex County 22144 18.2%
Somerset County 19135 26.3%
Burlington County 1081 10.0%

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: 489 applications in 2025, of which 292 were originated and 136 denied.

27.8% of all applications, or 30.4% 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 Northfield 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