Lender in New Jersey · HMDA 2025
Bank of America, N.A. mortgages in New Jersey
Bank of America, N.A.'s 2025 home-purchase and refinance lending in New Jersey, compared with all lenders in the state.
Bank of America, N.A. originated 1,111 owner-occupied single-family loans in New Jersey from 1,257 completed applications, making it the state's #19 lender by volume.
Its median conventional purchase loan costs were $6,360 versus $6,720 for all New Jersey lenders, at a median 30-year fixed rate of 6.125% (New Jersey: 6.625%).
Loans in NJ
1,111
of 1,257 applications
Denial rate
11.5%
Purchase · NJ 8.4%
Rate spread
−0.34 pts
Conv. · NJ +0.12 pts
Loan amount
$505,000
Purchase · NJ $455,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 1,030 | 912 | 11.5% | 6.125% | −0.34 pts | $6,360 | $505,000 |
| Refinance | 142 | 129 | 8.5% | 6.000% | −0.28 pts | $4,790 | $635,000 |
| Cash-out refinance | 85 | 70 | 17.6% | 6.625% | −0.01 pts | $4,270 | $265,000 |
*Conventional loans only; medians with at least 20 loans.
New Jersey counties where Bank of America, N.A. ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Bergen County | 10 | 150 | 1.8% |
| Mercer County | 10 | 71 | 1.8% |
| Essex County | 11 | 117 | 1.9% |
| Hudson County | 11 | 62 | 1.5% |
| Union County | 12 | 85 | 1.8% |
| Somerset County | 12 | 70 | 1.8% |
| Hunterdon County | 13 | 27 | 1.7% |
| Morris County | 17 | 80 | 1.3% |
| Monmouth County | 18 | 104 | 1.3% |
| Middlesex County | 20 | 81 | 1.0% |
| Salem County | 21 | 10 | 1.1% |
| Ocean County | 25 | 68 | 0.8% |
- Bank of America, N.A. nationwide
- New Jersey mortgage market
- Bank of America, N.A. in California
- Bank of America, N.A. in Texas
- Bank of America, N.A. in Florida
- Bank of America, N.A. in New York
- Bank of America, N.A. in North Carolina
- Bank of America, N.A. in Washington
- Bank of America, N.A. in Illinois
- Bank of America, N.A. in Georgia
- Bank of America, N.A. in Massachusetts
- Bank of America, N.A. in Pennsylvania
- Bank of America, N.A. in Virginia
- Bank of America, N.A. in Maryland
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology