Spencer Savings Bank, SLA in New Jersey vs the state
15.4%Denial rate-2.33 pts vs state
19.8%Decision denial rate-3.22 pts vs state
59.8%Origination rate+4.12 pts vs state
—Median rate
—Rate spread (pts)
$153kMedian applicant income
183Loans originated
47Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 406 | 235 | 23.4% | — | #109 |
| 2024 | 266 | 153 | 16.2% | — | #163 |
| 2025 | 306 | 183 | 15.4% | — | #163 |
What Spencer Savings Bank, SLA lends in New Jersey
By loan purpose
By loan type
Where in New Jersey
Counties with the most Spencer Savings Bank, SLA applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 77 | 44 | 16 | 20.8% |
| Essex County | 46 | 28 | 7 | 15.2% |
| Passaic County | 41 | 23 | 8 | 19.5% |
| Morris County | 22 | 14 | 6 | 27.3% |
| Middlesex County | 21 | 13 | 4 | 19.0% |
| Hudson County | 21 | 15 | 4 | 19.0% |
| Union County | 17 | 13 | 0 | 0.0% |
| Ocean County | 13 | 5 | 1 | 7.7% |
| Mercer County | 10 | 6 | 0 | 0.0% |
| Monmouth County | 10 | 5 | 1 | 10.0% |
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: 306 applications in 2025, of which 183 were originated and 47 denied.
15.4% of all applications, or 19.8% 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 Spencer Savings Bank, SLA'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