The Mortgage Record
Lender report card · New Jersey

Bnc National Bank

Bismarck, ND · What the federal mortgage record shows about how Bnc National Bank treated New Jersey applicants, 2018–2025 — 650 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
78.2%
508 approved
Denial rate
21.8%
142 denied
Decisions
650
2018–2025
Avg. rate spread
-0.14 pp
vs. market benchmark
78.2% approved
21.8% denied

Share of 650 New Jersey applications Bnc National Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional78.5% of 507 · NJ 87%VA83.6% of 122 · NJ 80%

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

Approval rate over time

69%72%75%78%81%72%75%79%79%80%81%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Bnc National Bank’s rates ran -0.31 pp lower than the typical New Jersey lender (average rate spread -0.14 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Bnc National Bank approves

By income
Under $50k76.5% · 34$50–75k67.6% · 34$75–100k78.0% · 59$100–150k75.3% · 186$150–250k83.4% · 229$250k+70.9% · 86
By debt-to-income
Under 36%77.3% · 29536–43%80.6% · 14443–50%83.2% · 113Over 50%49.0% · 51
By down payment (LTV)
20%+ down79.3% · 43910–20% down75.4% · 695–10% down75.6% · 45Under 3% down77.8% · 45

Why Bnc National Bank denied applications

Incomplete application54% of denialsCollateral (value/type)11% of denialsDebt-to-income ratio11% of denialsOther9% of denialsCredit history8% of denialsInsufficient cash to close5% of denials

Where Bnc National Bank lends in NJ

CountyDecisionsApproval
Bergen County9783.5%
Middlesex County8976.4%
Monmouth County6280.6%
Hudson County5463.0%
Essex County4273.8%
Ocean County4178.0%
Morris County4178.0%
Somerset County3982.1%

Fees & closing costs

Median total loan costs
$6,576
home purchase
As % of loan
1.62%
NJ median 1.93%
Priced originations
167
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Bnc National Bank’s home-purchase originations — 0.31 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $908. 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 Bnc National Bank (LEI 549300LH06ZZHKPX5U83). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →