Lenders › The Federal Savings Bank › New Jersey
The Federal Savings Bank 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, The Federal Savings Bank reported 869 applications and 383 originations for 2024, $164m in all.
Its denial rate in the state was 15.9%, below the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 18.6%.
The median rate spread on its New Jersey originations was 0.3 percentage points (state median 0.4).
Applications in the state were up 6% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | The Federal Savings Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 15.9% | 26.0% | 18.6% | 24.3% |
| Median rate spread, pp | 0.3 | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 3.6% | 17.7% | 7.3% | 15.6% |
| Average originated loan | $427k | $387k | $371k | $329k |
| Home purchase share | 60.3% | 51.0% | 46.9% | 57.0% |
| FHA-insured share | 16.4% | 11.2% | 16.1% | 13.4% |
| VA-guaranteed share | 20.6% | 2.9% | 46.6% | 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 60% (231)Home improvement 1% (4)Refinancing 5% (19)Cash-out refinancing 31% (117)Other purpose 3% (12)
By type
Conventional 63% (241)FHA 16% (63)VA 21% (79)
Denial reasons as coded
Share of 74 denials in New Jersey by first denial reason coded (outlined bar: all lenders in the state).
Counties in New Jersey
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Ocean County | 170 | 100 | $40m | 10.7% |
| Monmouth County | 101 | 51 | $25m | 13.3% |
| Middlesex County | 81 | 32 | $14m | 25.6% |
| Bergen County | 73 | 29 | $16m | 9.4% |
| Essex County | 54 | 22 | $11m | 26.7% |
| Burlington County | 54 | 18 | $6.3m | — |
| Camden County | 39 | 17 | $5.7m | — |
| Morris County | 31 | 15 | $7.7m | — |
| Mercer County | 31 | 13 | $4.0m | — |
| Gloucester County | 25 | 10 | $3.1m | — |
| Passaic County | 26 | 8 | $2.9m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did The Federal Savings Bank originate in New Jersey in 2024?
383 loans totalling $164m, from 869 applications reported for properties in New Jersey.
What is The Federal Savings Bank's denial rate in New Jersey?
15.9% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 18.6% 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 The Federal Savings Bank lend in most?
By originations: Ocean County (100), Monmouth County (51), Middlesex County (32), Bergen County (29), Essex County (22).
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.