Lender report card · New Jersey

Blue Foundry Bank

Atlanta, GA · What the federal mortgage record shows about how Blue Foundry Bank treated New Jersey applicants, 2018–2025 — 268 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
81.0%
217 approved
Denial rate
19.0%
51 denied
Decisions
268
2018–2025
Avg. rate spread
-0.02 pp
vs. market benchmark
81.0% approved
19.0% denied

Share of 268 New Jersey applications Blue Foundry Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional81.0% of 268 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

73%78%83%88%93%78%86%92%76%2018201920232024

Pricing

Adjusting for its loan-type mix, Blue Foundry Bank’s rates ran -0.24 pp lower than the typical New Jersey lender (average rate spread -0.02 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Blue Foundry Bank approves

By income
$50–75k73.1% · 26$75–100k72.2% · 36$100–150k73.3% · 60$150–250k87.1% · 62$250k+94.0% · 67
By debt-to-income
Under 36%94.5% · 14636–43%95.4% · 65
By down payment (LTV)
20%+ down92.6% · 81

Why Blue Foundry Bank denied applications

Other51% of denialsCredit history39% of denialsDebt-to-income ratio31% of denialsCollateral (value/type)4% of denialsEmployment history2% of denialsMortgage insurance denied2% of denials

Where Blue Foundry Bank lends in NJ

CountyDecisionsApproval
Bergen County11582.6%
Morris County4386.0%
Essex County2781.5%
Passaic County2673.1%
Hudson County2564.0%

Fees & closing costs

Median total loan costs
$4,889
home purchase
As % of loan
1.43%
NJ median 1.93%
Priced originations
119
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Blue Foundry Bank’s home-purchase originations — 0.50 points lower than the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Blue Foundry Bank (LEI 5493008TK613NXC2EN84). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →