Webster Bank in New Jersey vs the state
13.6%Denial rate-4.12 pts vs state
17.1%Decision denial rate-5.95 pts vs state
63.4%Origination rate+7.74 pts vs state
6.25%Median rate-0.50 pts vs state
-0.07Rate spread (pts)-0.36 pts vs state
$396kMedian applicant income
215Loans originated
46Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 329 | 217 | 17.6% | 6.25% | #124 |
| 2024 | 388 | 253 | 12.9% | 6.38% | #124 |
| 2025 | 339 | 215 | 13.6% | 6.25% | #151 |
What Webster 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 Webster Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 103 | 67 | 14 | 13.6% |
| Hudson County | 51 | 31 | 5 | 9.8% |
| Monmouth County | 38 | 25 | 3 | 7.9% |
| Essex County | 36 | 22 | 4 | 11.1% |
| Morris County | 25 | 14 | 6 | 24.0% |
| Ocean County | 22 | 16 | 3 | 13.6% |
| Union County | 17 | 9 | 2 | 11.8% |
| Cape May County | 10 | 7 | 1 | 10.0% |
| Mercer County | 10 | 5 | 4 | 40.0% |
| Somerset County | 10 | 8 | 2 | 20.0% |
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: 339 applications in 2025, of which 215 were originated and 46 denied.
13.6% of all applications, or 17.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Webster Bank originated in New Jersey in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Webster 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