The Union Bank · New Jersey · 2025

The Union Bank in New Jersey: approval rate, denial rate and rates (2025)

The Union Bank took 6 mortgage applications in New Jersey in 2025, ranking #582 of 883 lenders active in the state. It originated 33.3% of them and denied 16.7% (33.3% of the applications it decided), against a statewide denial rate of 17.7%.

6Applicationsin NJ
33.3%Decision denial ratestate 23.1%
Median ratestate 6.75%
$290,000Median loanstate $295,000
$580kVolume4 counties

The Union Bank in New Jersey vs the state

16.7%Denial rate-1.02 pts vs state
33.3%Decision denial rate+10.28 pts vs state
33.3%Origination rate-22.35 pts vs state
Median rate
Rate spread (pts)
$89kMedian applicant income
2Loans originated
1Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236316.7%6.13%#570
20246133.3%6.13%#568
20256216.7%#582

What The Union Bank lends in New Jersey

By loan purpose

Cash-out refinance 6 100% · 16.7% denied

By loan type

Conventional 2 33% · 0.0% denied
FHA 4 67% · 25.0% denied

Where in New Jersey

Counties with the most The Union Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Camden County 210 0.0%
Burlington County 210 0.0%
Monmouth County 101 100.0%
Middlesex County 100 0.0%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 6 applications in 2025, of which 2 were originated and 1 denied.

16.7% of all applications, or 33.3% 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 The Union 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