The Mortgage Record
Lender report card · New Jersey

Td Bank

Mount Laurel, NJ · What the federal mortgage record shows about how Td Bank treated New Jersey applicants, 2018–2025 — 23,327 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
79.2%
18,479 approved
Denial rate
20.8%
4,848 denied
Decisions
23,327
2018–2025
Avg. rate spread
+0.09 pp
vs. market benchmark
79.2% approved
20.8% denied

Share of 23,327 New Jersey applications Td Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional79.7% of 22,848 · NJ 87%FHA57.7% of 411 · NJ 79%VA49.2% of 63 · NJ 80%

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

Approval rate over time

61%68%75%82%89%65%76%84%86%79%76%80%82%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Td Bank’s rates ran -0.15 pp lower than the typical New Jersey lender (average rate spread +0.09 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Td Bank approves

By income
Under $50k41.8% · 2,408$50–75k72.4% · 2,999$75–100k78.0% · 2,786$100–150k83.5% · 3,905$150–250k88.4% · 4,487$250k+91.7% · 5,908
By debt-to-income
Under 36%89.2% · 10,67036–43%90.4% · 6,71843–50%83.3% · 3,317Over 50%4.8% · 2,253
By down payment (LTV)
20%+ down82.9% · 16,17610–20% down82.0% · 1,6045–10% down84.0% · 1,1283–5% down79.5% · 731Under 3% down67.4% · 634

Why Td Bank denied applications

Debt-to-income ratio49% of denialsCredit history33% of denialsCollateral (value/type)17% of denialsOther12% of denialsIncomplete application4% of denialsInsufficient cash to close4% of denials

Where Td Bank lends in NJ

CountyDecisionsApproval
Ocean County2,89378.4%
Bergen County2,77383.7%
Monmouth County2,13382.8%
Camden County1,59172.0%
Middlesex County1,49981.9%
Burlington County1,33378.2%
Morris County1,33285.4%
Essex County1,32680.0%

Fees & closing costs

Median total loan costs
$5,767
home purchase
As % of loan
1.33%
NJ median 1.93%
Priced originations
9,396
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Td Bank’s home-purchase originations — 0.61 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $1,159. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
132
from NJ, 2022–present
Answered on time
100%
of complaints
Closed with relief
33%
monetary or non-monetary

Complaints New Jersey mortgage customers filed against Td Bank with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Trouble during payment process. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Td Bank to other lenders for your profile

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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 Td Bank (LEI 03D0JEWFDFUS0SEEKG89). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →