Banking & Mortgage-Lending Access in New Jersey
655 FDIC-insured institutions (50 currently active) are recorded in New Jersey in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 27.2% in New Jersey.
FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026
How many FDIC-insured institutions are in New Jersey?
FDIC BankFind records 655 FDIC-insured institutions (all historical) in New Jersey, of which 50 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.
| Metric | Count |
|---|---|
| Total FDIC-insured institutions (historical) | 655 |
| Currently active | 50 |
Source: FDIC BankFind (src:fdic:bankfind:2026).
Verify: https://banks.data.fdic.gov/
What types of banks are chartered in New Jersey?
FDIC uses charter class codes to categorize insured depository institutions. The breakdown for New Jersey:
| Charter class | Description | Count |
|---|---|---|
| NM | State non-member bank (Fed non-member) | 187 |
| N | National bank (OCC-chartered) | 179 |
| SL | Savings institution (state-chartered S&L) | 122 |
| SB | Savings bank (state-chartered) | 71 |
| SI | Savings institution (OTS-supervised) | 55 |
| SM | State member bank (Fed member) | 35 |
| NC | Non-deposit trust company | 5 |
| NS | Non-member savings bank (state-chartered) | 1 |
Source: FDIC BankFind (src:fdic:bankfind:2026).
Charter class labels per FDIC BankFind official definitions.
What was the mortgage application denial rate in New Jersey? (HMDA 2024)
HMDA 2024 data report an overall mortgage application denial rate of 27.2% in New Jersey. The table below shows reported denial rates by applicant race where available in the HMDA dataset.
| Applicant group (reported) | Denial rate |
|---|---|
| Overall | 27.2% |
| White applicants | 24.3% |
| Black applicants | 38.3% |
| Black/White denial rate ratio | 1.58x |
Source: FFIEC HMDA (src:ffiec:hmda:2024).
Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=NJ
Mortgage origination volume in New Jersey (2024)
HMDA 2024 data record 156,392 originated mortgage loans in New Jersey , totaling $60.6B , with an average loan size of $387,198.
| Metric | Value |
|---|---|
| Originated loans (2024) | 156,392 |
| Total origination volume | $60.6B |
| Average loan size | $387,198 |
Source: FFIEC HMDA (src:ffiec:hmda:2024).
Sources & provenance
FDIC data — source id src:fdic:bankfind:2026,
as of 2026.
Verify via FDIC BankFind: https://banks.data.fdic.gov/
HMDA data — source id src:ffiec:hmda:2024,
data year 2024.
Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=NJ
Data exported June 20, 2026 · content hash 131b8d425555a0cb ·
machine-readable brief: /finance/states/nj/context.md
Where to act
- Verify a lender's FDIC status: banks.data.fdic.gov
- File a mortgage complaint (CFPB): consumerfinance.gov/complaint
- Find a HUD-approved housing counselor: hud.gov/findacounselor