The Mortgage Record
Lender report card · New Jersey

Us Bank, N.a.

Cincinnati, OH · What the federal mortgage record shows about how Us Bank, N.a. treated New Jersey applicants, 2018–2025 — 11,567 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
83.8%
9,692 approved
Denial rate
16.2%
1,875 denied
Decisions
11,567
2018–2025
Avg. rate spread
+0.05 pp
vs. market benchmark
83.8% approved
16.2% denied

Share of 11,567 New Jersey applications Us Bank, N.a. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional84.8% of 10,994 · NJ 87%FHA62.3% of 483 · NJ 79%VA74.1% of 85 · NJ 80%

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

Approval rate over time

67%73%79%85%91%71%77%80%87%88%86%89%91%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Us Bank, N.a.’s rates ran -0.20 pp lower than the typical New Jersey lender (average rate spread +0.05 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Us Bank, N.a. approves

By income
Under $50k43.9% · 312$50–75k73.4% · 912$75–100k80.7% · 1,381$100–150k83.5% · 2,559$150–250k86.9% · 3,045$250k+89.4% · 3,233
By debt-to-income
Under 36%89.4% · 5,13136–43%90.2% · 3,01143–50%85.6% · 2,644Over 50%14.0% · 737
By down payment (LTV)
20%+ down86.5% · 8,13510–20% down83.2% · 1,4945–10% down84.8% · 6913–5% down73.5% · 162Under 3% down54.1% · 331

Why Us Bank, N.a. denied applications

Debt-to-income ratio35% of denialsCollateral (value/type)27% of denialsCredit history17% of denialsUnverifiable information16% of denialsInsufficient cash to close13% of denialsOther10% of denials

Where Us Bank, N.a. lends in NJ

CountyDecisionsApproval
Bergen County1,79983.9%
Morris County1,30689.7%
Essex County1,01383.9%
Monmouth County99285.4%
Hudson County87577.0%
Middlesex County79883.6%
Ocean County78578.5%
Somerset County71888.3%

Fees & closing costs

Median total loan costs
$5,322
home purchase
As % of loan
1.12%
NJ median 1.93%
Priced originations
6,137
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Us Bank, N.a.’s home-purchase originations — 0.81 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $1,000. 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 Us Bank, N.a. (LEI 6BYL5QZYBDK8S7L73M02). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →