TD Bank in New Jersey vs the state
26.2%Denial rate+8.51 pts vs state
32.6%Decision denial rate+9.53 pts vs state
53.4%Origination rate-2.26 pts vs state
7.49%Median rate+0.74 pts vs state
0.26Rate spread (pts)-0.02 pts vs state
$150kMedian applicant income
6,695Loans originated
3,283Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 12,732 | 6,708 | 30.8% | 7.99% | #2 |
| 2024 | 12,223 | 6,525 | 28.4% | 8.44% | #2 |
| 2025 | 12,532 | 6,695 | 26.2% | 7.49% | #2 |
What TD 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 TD Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 1,574 | 854 | 399 | 25.3% |
| Ocean County | 1,528 | 830 | 387 | 25.3% |
| Monmouth County | 1,086 | 610 | 270 | 24.9% |
| Camden County | 906 | 474 | 252 | 27.8% |
| Middlesex County | 869 | 422 | 242 | 27.8% |
| Burlington County | 779 | 433 | 182 | 23.4% |
| Essex County | 737 | 386 | 193 | 26.2% |
| Morris County | 680 | 415 | 144 | 21.2% |
| Union County | 571 | 302 | 164 | 28.7% |
| Gloucester County | 538 | 303 | 132 | 24.5% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| 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% |
| Pennymac Loan Services | C | 6,343 | 12.9% | 6.62% |
Frequently asked questions
New Jersey: 12,532 applications in 2025, of which 6,695 were originated and 3,283 denied.
26.2% of all applications, or 32.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans TD Bank originated in New Jersey in 2025 was 7.49%, against a statewide median of 6.75%.
About this data. Figures are TD 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