The Mortgage Record
Lender report card · New Jersey

Unity Bank

Clinton, NJ · What the federal mortgage record shows about how Unity Bank treated New Jersey applicants, 2018–2025 — 4,022 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.5%
3,842 approved
Denial rate
4.5%
180 denied
Decisions
4,022
2018–2025
Avg. rate spread
+0.35 pp
vs. market benchmark
95.5% approved
4.5% denied

Share of 4,022 New Jersey applications Unity Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.9% of 3,944 · NJ 87%FHA78.2% of 78 · NJ 79%

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

Approval rate over time

88%91%94%97%100%92%96%97%96%95%95%95%2018201920202021202220242025

Pricing

Adjusting for its loan-type mix, Unity Bank’s rates ran +0.12 pp higher than the typical New Jersey lender (average rate spread +0.35 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Unity Bank approves

By income
Under $50k89.1% · 311$50–75k94.0% · 400$75–100k95.0% · 484$100–150k96.7% · 961$150–250k96.6% · 1,034$250k+96.8% · 771
By debt-to-income
Under 36%97.6% · 1,39936–43%97.3% · 69743–50%97.4% · 691Over 50%91.2% · 1,160
By down payment (LTV)
20%+ down97.0% · 2,89910–20% down94.3% · 2825–10% down90.7% · 1503–5% down85.7% · 35Under 3% down75.9% · 29

Why Unity Bank denied applications

Debt-to-income ratio36% of denialsCredit history19% of denialsCollateral (value/type)15% of denialsUnverifiable information14% of denialsIncomplete application13% of denialsOther10% of denials

Where Unity Bank lends in NJ

CountyDecisionsApproval
Bergen County90096.2%
Hunterdon County39195.9%
Middlesex County35593.5%
Ocean County35096.9%
Somerset County32495.4%
Hudson County31395.2%
Morris County25497.2%
Union County24894.8%

Fees & closing costs

Median total loan costs
$4,821
home purchase
As % of loan
1.27%
NJ median 1.93%
Priced originations
2,138
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Unity Bank’s home-purchase originations — 0.66 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $558. 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 Unity Bank (LEI 549300FNQXUCMCVLKL76). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →