OceanFirst Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
51st9.9% deniedPricingmedian rate spread over APOR, weight 30%
83rd-0.06 ptsProcesswithdrawn + incomplete share, weight 15%
84th9.1%Closing coststotal loan costs ÷ loan amount, weight 10%
79th1.53% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,001 | 1,214 | 23.5% | 26.3% | 6.75% | $539M |
| 2024 | 2,797 | 1,872 | 16.1% | 18.0% | 6.63% | $714M |
| 2025 | 3,613 | 2,638 | 9.0% | 9.9% | 6.38% | $1.2B |
What OceanFirst 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: 603 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 239 investment properties.
Why OceanFirst Bank denies applications
Primary reason reported for each of the 325 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at OceanFirst Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 210 | 101 | 35.6% |
| $50k – $100k | 840 | 564 | 13.8% |
| $100k – $150k | 849 | 634 | 9.0% |
| $150k – $250k | 939 | 740 | 4.7% |
| Over $250k | 695 | 538 | 5.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 82 | 64 | 4.0% |
| 25–34 | 916 | 716 | 5.5% |
| 35–44 | 977 | 754 | 7.2% |
| 45–54 | 615 | 449 | 11.6% |
| 55–64 | 518 | 348 | 12.6% |
| 65–74 | 330 | 206 | 19.5% |
| Over 74 | 144 | 75 | 23.8% |
Where OceanFirst Bank lends
33 states and 226 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 | 2,861 | 2,071 | 9.5% | 6.38% | #24 |
| Pennsylvania | 369 | 289 | 6.0% | 6.25% | #205 |
| Florida | 65 | 42 | 12.3% | 6.63% | #562 |
| Virginia | 49 | 35 | 6.1% | 6.50% | #381 |
| New York | 38 | 25 | 21.1% | 6.50% | #358 |
| Texas | 37 | 26 | 5.4% | 6.44% | #753 |
| Maryland | 31 | 26 | 3.2% | 6.00% | #368 |
| North Carolina | 22 | 17 | 0.0% | 6.38% | #509 |
| Connecticut | 15 | 13 | 6.7% | 6.38% | #334 |
| Delaware | 14 | 11 | 0.0% | 6.38% | #210 |
| Ohio | 14 | 8 | 7.1% | 6.38% | #575 |
| Indiana | 13 | 7 | 15.4% | 6.50% | #514 |
| Michigan | 13 | 10 | 7.7% | 6.44% | #490 |
| South Carolina | 13 | 12 | 0.0% | 6.25% | #510 |
| Tennessee | 11 | 9 | 9.1% | 6.38% | #623 |
| Alabama | 6 | 6 | 0.0% | 6.69% | #550 |
| California | 5 | 2 | 20.0% | 6.88% | #801 |
| New Hampshire | 5 | 2 | 20.0% | 6.50% | #332 |
Frequently asked questions
OceanFirst Bank denied 9.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 51st percentile of mid-size mortgage lenders.
The most common reason OceanFirst Bank gave in 2025 was "debt-to-income ratio", cited on 37.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans OceanFirst Bank originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was -0.06 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 61% of its applications were for home purchases, 16% for refinancing (including cash-out), and 23% for home improvement or other purposes. By loan type: 96% conventional, 3% FHA, 1% 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.