Valley National Bank in New Jersey vs the state
20.6%Denial rate+2.95 pts vs state
22.4%Decision denial rate-0.64 pts vs state
66.1%Origination rate+10.42 pts vs state
6.49%Median rate-0.26 pts vs state
-0.08Rate spread (pts)-0.36 pts vs state
$159kMedian applicant income
1,659Loans originated
518Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,210 | 1,409 | 17.9% | 6.88% | #26 |
| 2024 | 1,933 | 1,283 | 18.4% | 7.19% | #36 |
| 2025 | 2,510 | 1,659 | 20.6% | 6.49% | #29 |
What Valley National 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 Valley National Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 462 | 305 | 99 | 21.4% |
| Essex County | 321 | 202 | 79 | 24.6% |
| Passaic County | 305 | 192 | 69 | 22.6% |
| Morris County | 271 | 202 | 44 | 16.2% |
| Monmouth County | 208 | 141 | 43 | 20.7% |
| Hudson County | 178 | 114 | 39 | 21.9% |
| Union County | 165 | 104 | 35 | 21.2% |
| Middlesex County | 150 | 83 | 34 | 22.7% |
| Somerset County | 122 | 84 | 20 | 16.4% |
| Ocean County | 84 | 49 | 19 | 22.6% |
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: 2,510 applications in 2025, of which 1,659 were originated and 518 denied.
20.6% of all applications, or 22.4% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Valley National Bank originated in New Jersey in 2025 was 6.49%, against a statewide median of 6.75%.
About this data. Figures are Valley National 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