Lender report card · New Jersey

Metro City Bank

Doraville, GA · What the federal mortgage record shows about how Metro City Bank treated New Jersey applicants, 2018–2025 — 832 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
98.2%
817 approved
Denial rate
1.8%
15 denied
Decisions
832
2018–2025
Avg. rate spread
+2.26 pp
vs. market benchmark
98.2% approved
1.8% denied

Share of 832 New Jersey applications Metro City Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.2% of 832 · NJ 87%

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

Approval rate over time

92%94%96%98%100%99%100%100%98%96%98%97%96%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Metro City Bank’s rates ran +2.04 pp higher than the typical New Jersey lender (average rate spread +2.26 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Metro City Bank approves

By income
$50–75k100.0% · 56$75–100k98.4% · 122$100–150k98.9% · 266$150–250k98.2% · 272$250k+95.5% · 110
By debt-to-income
Under 36%98.4% · 48636–43%97.9% · 29043–50%100.0% · 55
By down payment (LTV)
20%+ down98.8% · 648

Why Metro City Bank denied applications

Collateral (value/type)67% of denialsUnverifiable information20% of denialsCredit history7% of denialsInsufficient cash to close7% of denials

Where Metro City Bank lends in NJ

CountyDecisionsApproval
Bergen County18597.3%
Middlesex County12499.2%
Hudson County8497.6%
Monmouth County70100.0%
Essex County50100.0%
Camden County5092.0%
Somerset County42100.0%
Morris County3794.6%

Fees & closing costs

Median total loan costs
$8,926
home purchase
As % of loan
3.38%
NJ median 1.93%
Priced originations
619
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Metro City Bank’s home-purchase originations — 1.45 points higher 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 Metro City Bank (LEI 254900TM81D0YC1B9584). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →