Lenders › BMO Harris Bank NA › New Jersey
BMO Harris Bank NA in New Jersey
HMDA record for properties in New Jersey, calendar year 2024. National record · New Jersey overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In New Jersey, BMO Harris Bank NA reported 107 applications and 53 originations for 2024, $43m in all.
Its denial rate in the state was 32.9%, above the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 40.0%.
The median rate spread on its New Jersey originations was 0.2 percentage points (state median 0.4).
Applications in the state were up 39% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | BMO Harris Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 32.9% | 26.0% | 40.0% | 24.3% |
| Median rate spread, pp | 0.2 | 0.4 | 0.6 | 0.3 |
| Originations with spread of 1.5 pp or more | 13.2% | 17.7% | 21.8% | 15.6% |
| Average originated loan | $807k | $387k | $474k | $329k |
| Home purchase share | 66.0% | 51.0% | 33.2% | 57.0% |
| FHA-insured share | 3.8% | 11.2% | 1.0% | 13.4% |
| VA-guaranteed share | 0.0% | 2.9% | 0.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateNew Jersey, all lenders
Loan purpose and loan type in New Jersey
By purpose
Home purchase 66% (35)Home improvement 8% (4)Refinancing 2% (1)Cash-out refinancing 17% (9)Other purpose 8% (4)
By type
Conventional 96% (51)FHA 4% (2)
Denial reasons as coded
Share of 26 denials in New Jersey by first denial reason coded (outlined bar: all lenders in the state).
Counties in New Jersey
No county in the state reaches 25 applications.
Questions and answers
How many mortgages did BMO Harris Bank NA originate in New Jersey in 2024?
53 loans totalling $43m, from 107 applications reported for properties in New Jersey.
What is BMO Harris Bank NA's denial rate in New Jersey?
32.9% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 40.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which New Jersey counties does BMO Harris Bank NA lend in most?
No county in the state reaches 25 applications.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in New Jersey. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.