U.S. Bank in New Jersey vs the state
26.5%Denial rate+8.77 pts vs state
31.7%Decision denial rate+8.63 pts vs state
55.3%Origination rate-0.38 pts vs state
6.63%Median rate-0.13 pts vs state
0.03Rate spread (pts)-0.25 pts vs state
$206kMedian applicant income
1,413Loans originated
676Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,570 | 1,245 | 33.2% | 6.63% | #21 |
| 2024 | 2,602 | 1,408 | 29.6% | 6.63% | #27 |
| 2025 | 2,555 | 1,413 | 26.5% | 6.63% | #28 |
What U.S. 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 U.S. Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monmouth County | 291 | 162 | 65 | 22.3% |
| Bergen County | 285 | 154 | 82 | 28.8% |
| Essex County | 229 | 123 | 66 | 28.8% |
| Ocean County | 216 | 125 | 65 | 30.1% |
| Middlesex County | 190 | 101 | 46 | 24.2% |
| Morris County | 182 | 105 | 37 | 20.3% |
| Cape May County | 156 | 116 | 15 | 9.6% |
| Mercer County | 132 | 90 | 24 | 18.2% |
| Union County | 128 | 61 | 41 | 32.0% |
| Somerset County | 120 | 73 | 26 | 21.7% |
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: 2,555 applications in 2025, of which 1,413 were originated and 676 denied.
26.5% of all applications, or 31.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans U.S. Bank originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are U.S. 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