OceanFirst Bank · Pennsylvania · 2025

OceanFirst Bank in Pennsylvania: approval rate, denial rate and rates (2025)

OceanFirst Bank took 369 mortgage applications in Pennsylvania in 2025, ranking #205 of 1,114 lenders active in the state. It originated 78.3% of them and denied 6.0% (6.3% of the applications it decided), against a statewide denial rate of 18.3%.

369Applicationsin PA
6.3%Decision denial ratestate 22.2%
6.25%Median ratestate 6.63%
$295,000Median loanstate $155,000
$166MVolume23 counties

OceanFirst Bank in Pennsylvania vs the state

6.0%Denial rate-12.33 pts vs state
6.3%Decision denial rate-15.96 pts vs state
78.3%Origination rate+17.36 pts vs state
6.25%Median rate-0.38 pts vs state
-0.18Rate spread (pts)-0.42 pts vs state
$120kMedian applicant income
289Loans originated
22Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023604715.0%6.75%#446
20242091716.7%6.00%#263
20253692896.0%6.25%#205

What OceanFirst Bank lends in Pennsylvania

By loan purpose

Home purchase 319 86% · 2.8% denied
Refinance 25 7% · 16.0% denied
Cash-out refinance 10 3% · 0.0% denied
Home improvement 3 1% · 66.7% denied
Other / HELOC 12 3% · 58.3% denied

By loan type

Conventional 350 95% · 5.7% denied
FHA 17 5% · 11.8% denied
VA 2 1% · 0.0% denied

Why it denied Pennsylvania applicants

Collateral 8 36%
Debt-to-income ratio 8 36%
Other 3 14%
Unverifiable information 1 5%
Insufficient cash 1 5%
Incomplete application 1 5%

Where in Pennsylvania

Counties with the most OceanFirst Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Philadelphia County 22217514 6.3%
Montgomery County 34281 2.9%
Bucks County 26164 15.4%
Delaware County 21161 4.8%
Chester County 16140 0.0%
Allegheny County 750 0.0%
Monroe County 660 0.0%
Lehigh County 540 0.0%
Franklin County 420 0.0%
Carbon County 430 0.0%

Other large lenders in Pennsylvania

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 22,41118.6%6.75%
Citizens BankC 18,25628.1%7.65%
PNC BankD 18,03120.6%6.88%
United Shore Financial ServicesB 13,17813.4%6.47%
Crosscountry MortgageB 11,6153.3%6.63%
Members 1stB 10,86330.9%1.99%
First National Bank of PennsylvaniaB 9,54227.8%6.49%
Police & FireC 8,46034.6%6.25%
PENNSYLVANIA STATE EMPLOYEES Credit UnionC 8,30813.7%6.64%
Pennymac Loan ServicesC 7,90012.6%6.50%

Frequently asked questions

Pennsylvania: 369 applications in 2025, of which 289 were originated and 22 denied.

6.0% of all applications, or 6.3% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

The median rate on loans OceanFirst Bank originated in Pennsylvania in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are OceanFirst Bank's own HMDA filing for properties located in Pennsylvania, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology