Ponce Bank · New Jersey · 2025

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

Ponce Bank took 33 mortgage applications in New Jersey in 2025, ranking #394 of 883 lenders active in the state. It originated 75.8% of them and denied 3.0% (3.9% of the applications it decided), against a statewide denial rate of 17.7%.

33Applicationsin NJ
3.9%Decision denial ratestate 23.1%
Median ratestate 6.75%
$455,000Median loanstate $295,000
$11MVolume10 counties

Ponce Bank in New Jersey vs the state

3.0%Denial rate-14.66 pts vs state
3.9%Decision denial rate-19.20 pts vs state
75.8%Origination rate+20.08 pts vs state
Median rate
Rate spread (pts)
$151kMedian applicant income
25Loans originated
1Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023332212.1%#386
202435268.6%#380
202533253.0%#394

What Ponce Bank lends in New Jersey

By loan purpose

Home purchase 22 67% · 4.6% denied
Refinance 6 18% · 0.0% denied
Cash-out refinance 2 6% · 0.0% denied
Other / HELOC 3 9% · 0.0% denied

By loan type

Conventional 33 100% · 3.0% denied

Why it denied New Jersey applicants

Insufficient cash 1 100%

Where in New Jersey

Counties with the most Ponce Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bergen County 14110 0.0%
Union County 430 0.0%
Somerset County 310 0.0%
Passaic County 311 33.3%
Essex County 220 0.0%
Hudson County 220 0.0%
Hunterdon County 220 0.0%
Morris County 110 0.0%
Monmouth County 110 0.0%
Middlesex County 110 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: 33 applications in 2025, of which 25 were originated and 1 denied.

3.0% of all applications, or 3.9% 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 Ponce 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