Presidential Bank in New Jersey vs the state
5.3%Denial rate-12.36 pts vs state
7.6%Decision denial rate-15.50 pts vs state
65.3%Origination rate+9.65 pts vs state
6.63%Median rate-0.13 pts vs state
0.23Rate spread (pts)-0.05 pts vs state
$151kMedian applicant income
49Loans originated
4Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 24 | 17 | 4.2% | 7.25% | #431 |
| 2024 | 36 | 27 | 16.7% | 6.63% | #378 |
| 2025 | 75 | 49 | 5.3% | 6.63% | #306 |
What Presidential Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Presidential Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cape May County | 17 | 14 | 1 | 5.9% |
| Atlantic County | 12 | 7 | 2 | 16.7% |
| Ocean County | 8 | 6 | 0 | 0.0% |
| Middlesex County | 8 | 3 | 0 | 0.0% |
| Bergen County | 6 | 6 | 0 | 0.0% |
| Morris County | 5 | 3 | 0 | 0.0% |
| Essex County | 4 | 3 | 0 | 0.0% |
| Hudson County | 3 | 2 | 0 | 0.0% |
| Passaic County | 3 | 2 | 0 | 0.0% |
| Monmouth County | 2 | 2 | 0 | 0.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 75 applications in 2025, of which 49 were originated and 4 denied.
5.3% of all applications, or 7.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Presidential Bank originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Presidential 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