TrustCo Bank in New Jersey vs the state
31.3%Denial rate+13.56 pts vs state
38.5%Decision denial rate+15.41 pts vs state
45.3%Origination rate-10.37 pts vs state
5.75%Median rate-1.00 pts vs state
-1.44Rate spread (pts)-1.72 pts vs state
$220kMedian applicant income
29Loans originated
20Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 107 | 53 | 33.6% | 4.99% | #241 |
| 2024 | 101 | 41 | 25.7% | 5.75% | #253 |
| 2025 | 64 | 29 | 31.3% | 5.75% | #322 |
What TrustCo 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 TrustCo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 55 | 24 | 19 | 34.5% |
| Essex County | 3 | 2 | 0 | 0.0% |
| Union County | 3 | 2 | 0 | 0.0% |
| Hudson County | 2 | 1 | 1 | 50.0% |
| Passaic County | 1 | 0 | 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: 64 applications in 2025, of which 29 were originated and 20 denied.
31.3% of all applications, or 38.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans TrustCo Bank originated in New Jersey in 2025 was 5.75%, against a statewide median of 6.75%.
About this data. Figures are TrustCo 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