Ridgewood Savings Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
23rd18.6% deniedPricingmedian rate spread over APOR, weight 30%
87th-0.09 ptsProcesswithdrawn + incomplete share, weight 15%
38th14.3%Closing coststotal loan costs ÷ loan amount, weight 10%
74th1.29% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 685 | 392 | 18.0% | 21.5% | 5.88% | $391M |
| 2024 | 496 | 318 | 13.5% | 15.9% | 6.50% | $389M |
| 2025 | 603 | 383 | 15.9% | 18.6% | 6.25% | $419M |
What Ridgewood Savings 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 103 investment properties.
Why Ridgewood Savings Bank denies applications
Primary reason reported for each of the 96 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Ridgewood Savings Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 59 | 32 | 25.5% |
| $100k – $150k | 73 | 43 | 22.6% |
| $150k – $250k | 135 | 87 | 15.7% |
| Over $250k | 249 | 158 | 18.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 168 | 99 | 23.6% |
| 35–44 | 169 | 106 | 18.5% |
| 45–54 | 89 | 55 | 22.1% |
| 55–64 | 56 | 34 | 16.0% |
| 65–74 | 25 | 15 | 19.1% |
Where Ridgewood Savings Bank lends
2 states and 13 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 540 | 343 | 16.1% | 6.25% | #129 |
| Connecticut | 63 | 40 | 14.3% | 6.25% | #206 |
Frequently asked questions
Ridgewood Savings Bank denied 18.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 23rd percentile of small mortgage lenders.
The most common reason Ridgewood Savings Bank gave in 2025 was "collateral", cited on 53.1% 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 Ridgewood Savings Bank originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was -0.09 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 71% of its applications were for home purchases, 25% for refinancing (including cash-out), and 3% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.