Lender report card · New Jersey

First Republic Bank

San Francisco, CA · What the federal mortgage record shows about how First Republic Bank treated New Jersey applicants, 2018–2025 — 1,566 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
99.0%
1,551 approved
Denial rate
1.0%
15 denied
Decisions
1,566
2018–2025
Avg. rate spread
-0.57 pp
vs. market benchmark
99.0% approved
1.0% denied

Share of 1,566 New Jersey applications First Republic Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional99.0% of 1,566 · NJ 87%

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

Approval rate over time

92%94%96%98%100%98%99%99%100%99%99%201820192020202120222023

Pricing

Adjusting for its loan-type mix, First Republic Bank’s rates ran -0.80 pp lower than the typical New Jersey lender (average rate spread -0.57 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who First Republic Bank approves

By income
$75–100k100.0% · 25$100–150k94.5% · 73$150–250k98.4% · 245$250k+99.5% · 1,118
By debt-to-income
Under 36%99.4% · 1,23036–43%99.2% · 24843–50%96.7% · 60
By down payment (LTV)
20%+ down99.4% · 1,40410–20% down92.6% · 27

Why First Republic Bank denied applications

Collateral (value/type)47% of denialsDebt-to-income ratio27% of denialsOther20% of denialsCredit history20% of denialsEmployment history7% of denialsUnverifiable information7% of denials

Where First Republic Bank lends in NJ

CountyDecisionsApproval
Bergen County34799.4%
Hudson County27197.8%
Monmouth County220100.0%
Essex County21999.1%
Union County126100.0%
Morris County11299.1%
Ocean County79100.0%
Mercer County37100.0%

Fees & closing costs

Median total loan costs
$5,174
home purchase
As % of loan
0.62%
NJ median 1.93%
Priced originations
871
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First Republic Bank’s home-purchase originations — 1.31 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $160. 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 First Republic Bank (LEI YWC0TIKBQM2JV8L4IV08). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →