The Federal Savings Bank in New Jersey vs the state
6.5%Denial rate-11.15 pts vs state
11.3%Decision denial rate-11.73 pts vs state
50.9%Origination rate-4.80 pts vs state
6.63%Median rate-0.13 pts vs state
0.26Rate spread (pts)-0.02 pts vs state
$132kMedian applicant income
552Loans originated
71Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 819 | 335 | 10.5% | 6.50% | #65 |
| 2024 | 869 | 383 | 8.5% | 6.63% | #65 |
| 2025 | 1,085 | 552 | 6.5% | 6.63% | #63 |
What The Federal Savings 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 The Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 227 | 136 | 10 | 4.4% |
| Monmouth County | 226 | 132 | 14 | 6.2% |
| Middlesex County | 111 | 63 | 6 | 5.4% |
| Burlington County | 86 | 35 | 5 | 5.8% |
| Bergen County | 54 | 24 | 5 | 9.3% |
| Essex County | 51 | 17 | 6 | 11.8% |
| Camden County | 48 | 19 | 4 | 8.3% |
| Union County | 33 | 18 | 0 | 0.0% |
| Mercer County | 33 | 18 | 1 | 3.0% |
| Somerset County | 29 | 16 | 2 | 6.9% |
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: 1,085 applications in 2025, of which 552 were originated and 71 denied.
6.5% of all applications, or 11.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans The Federal Savings Bank originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are The Federal Savings 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