The Mortgage Record
Lender report card · New Jersey

Kearny Bank

Fairfield, NJ · What the federal mortgage record shows about how Kearny Bank treated New Jersey applicants, 2018–2025 — 4,792 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.6%
4,579 approved
Denial rate
4.4%
213 denied
Decisions
4,792
2018–2025
Avg. rate spread
-0.20 pp
vs. market benchmark
95.6% approved
4.4% denied

Share of 4,792 New Jersey applications Kearny Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.6% of 4,792 · NJ 87%

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

Approval rate over time

89%91%93%95%97%99%96%96%93%97%95%95%202020212022202320242025

Pricing

Adjusting for its loan-type mix, Kearny Bank’s rates ran -0.43 pp lower than the typical New Jersey lender (average rate spread -0.20 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Kearny Bank approves

By income
Under $50k76.9% · 117$50–75k90.1% · 355$75–100k94.0% · 485$100–150k96.0% · 1,077$150–250k97.0% · 1,534$250k+97.7% · 1,169
By debt-to-income
Under 36%98.5% · 2,38336–43%97.4% · 1,44043–50%95.9% · 824Over 50%6.6% · 106
By down payment (LTV)
20%+ down96.8% · 3,82110–20% down95.0% · 5375–10% down92.4% · 370Under 3% down54.3% · 35

Why Kearny Bank denied applications

Debt-to-income ratio50% of denialsCollateral (value/type)19% of denialsCredit history18% of denialsOther13% of denialsUnverifiable information8% of denialsEmployment history7% of denials

Where Kearny Bank lends in NJ

CountyDecisionsApproval
Bergen County83997.4%
Monmouth County57593.7%
Morris County56997.0%
Hudson County47895.2%
Essex County41895.0%
Ocean County35793.0%
Union County33194.0%
Middlesex County31393.3%

Fees & closing costs

Median total loan costs
$5,386
home purchase
As % of loan
1.07%
NJ median 1.93%
Priced originations
2,310
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Kearny Bank’s home-purchase originations — 0.86 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $591. 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 Kearny Bank (LEI 549300N6U5XCH70TOK35). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →