Summit Mortgage Bankers in New Jersey vs the state
1.1%Denial rate-16.61 pts vs state
1.2%Decision denial rate-21.85 pts vs state
88.2%Origination rate+32.49 pts vs state
6.50%Median rate-0.25 pts vs state
-0.04Rate spread (pts)-0.32 pts vs state
$166kMedian applicant income
82Loans originated
1Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 75 | 64 | 2.7% | 6.63% | #276 |
| 2024 | 90 | 83 | 0.0% | 6.75% | #268 |
| 2025 | 93 | 82 | 1.1% | 6.50% | #275 |
What Summit Mortgage Bankers lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Summit Mortgage Bankers applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 17 | 15 | 0 | 0.0% |
| Bergen County | 14 | 12 | 0 | 0.0% |
| Hudson County | 13 | 9 | 1 | 7.7% |
| Monmouth County | 8 | 8 | 0 | 0.0% |
| Union County | 6 | 6 | 0 | 0.0% |
| Somerset County | 6 | 6 | 0 | 0.0% |
| Morris County | 5 | 5 | 0 | 0.0% |
| Essex County | 5 | 5 | 0 | 0.0% |
| Mercer County | 5 | 4 | 0 | 0.0% |
| Hunterdon County | 3 | 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: 93 applications in 2025, of which 82 were originated and 1 denied.
1.1% of all applications, or 1.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Summit Mortgage Bankers originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Summit Mortgage Bankers'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