The Mortgage Record
Lender report card · New Jersey

Keybank National Association

Cleveland, OH · What the federal mortgage record shows about how Keybank National Association treated New Jersey applicants, 2018–2025 — 747 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
82.3%
615 approved
Denial rate
17.7%
132 denied
Decisions
747
2018–2025
Avg. rate spread
-0.07 pp
vs. market benchmark
82.3% approved
17.7% denied

Share of 747 New Jersey applications Keybank National Association approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional83.2% of 734 · NJ 87%

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

Approval rate over time

51%60%69%78%87%62%87%87%86%82%70%57%55%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Keybank National Association’s rates ran -0.29 pp lower than the typical New Jersey lender (average rate spread -0.07 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Keybank National Association approves

By income
Under $50k54.8% · 31$50–75k67.3% · 55$75–100k68.4% · 57$100–150k78.9% · 90$150–250k88.7% · 150$250k+87.4% · 342
By debt-to-income
Under 36%87.3% · 34736–43%90.5% · 16843–50%84.8% · 178Over 50%15.4% · 52
By down payment (LTV)
20%+ down81.8% · 48310–20% down89.4% · 1135–10% down87.5% · 64Under 3% down78.0% · 59

Why Keybank National Association denied applications

Debt-to-income ratio28% of denialsCollateral (value/type)25% of denialsIncomplete application23% of denialsCredit history15% of denialsOther13% of denialsUnverifiable information7% of denials

Where Keybank National Association lends in NJ

CountyDecisionsApproval
Bergen County14078.6%
Monmouth County7288.9%
Cape May County6991.3%
Ocean County6684.8%
Camden County4383.7%
Morris County4087.5%
Essex County3773.0%
Burlington County3580.0%

Fees & closing costs

Median total loan costs
$6,529
home purchase
As % of loan
1.17%
NJ median 1.93%
Priced originations
369
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Keybank National Association’s home-purchase originations — 0.76 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $650. 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 Keybank National Association (LEI HUX2X73FUCYHUVH1BK78). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →