The Mortgage Record
Lender report card · New Jersey

City National Bank

Studio City, CA · What the federal mortgage record shows about how City National Bank treated New Jersey applicants, 2018–2025 — 487 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
88.7%
432 approved
Denial rate
11.3%
55 denied
Decisions
487
2018–2025
Avg. rate spread
-0.08 pp
vs. market benchmark
88.7% approved
11.3% denied

Share of 487 New Jersey applications City National Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional88.7% of 487 · NJ 87%

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

Approval rate over time

68%76%84%92%100%97%92%91%87%93%84%71%71%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, City National Bank’s rates ran -0.30 pp lower than the typical New Jersey lender (average rate spread -0.08 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who City National Bank approves

By income
$100–150k75.0% · 32$150–250k85.3% · 68$250k+94.2% · 292
By debt-to-income
Under 36%95.2% · 25236–43%94.7% · 7643–50%90.5% · 42Over 50%63.3% · 90
By down payment (LTV)
20%+ down89.5% · 428

Why City National Bank denied applications

Debt-to-income ratio73% of denialsInsufficient cash to close29% of denialsCollateral (value/type)27% of denialsOther27% of denialsCredit history18% of denialsUnverifiable information4% of denials

Where City National Bank lends in NJ

CountyDecisionsApproval
Bergen County7290.3%
Monmouth County6686.4%
Hudson County5176.5%
Essex County5090.0%
Morris County4593.3%
Ocean County3894.7%
Cape May County2692.3%
Union County2688.5%

Fees & closing costs

Median total loan costs
$6,757
home purchase
As % of loan
0.91%
NJ median 1.93%
Priced originations
227
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on City National Bank’s home-purchase originations — 1.02 points lower than the 1.93% New Jersey median. 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 City National Bank (LEI 593C3GZG957YOJPS2Z63). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →