The Mortgage Record
Lender report card · New Jersey

Hsbc Bank Usa, Na

Chicago, IL · What the federal mortgage record shows about how Hsbc Bank Usa, Na treated New Jersey applicants, 2018–2025 — 1,740 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
87.1%
1,516 approved
Denial rate
12.9%
224 denied
Decisions
1,740
2018–2025
Avg. rate spread
-0.13 pp
vs. market benchmark
87.1% approved
12.9% denied

Share of 1,740 New Jersey applications Hsbc Bank Usa, Na approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional87.2% of 1,739 · NJ 87%

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

Approval rate over time

76%82%88%94%100%85%91%79%85%92%93%97%89%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Hsbc Bank Usa, Na’s rates ran -0.36 pp lower than the typical New Jersey lender (average rate spread -0.13 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Hsbc Bank Usa, Na approves

By income
Under $50k37.5% · 40$50–75k77.2% · 57$75–100k83.1% · 89$100–150k81.8% · 181$150–250k90.1% · 464$250k+89.2% · 733
By debt-to-income
Under 36%91.2% · 97336–43%92.5% · 37343–50%88.9% · 289Over 50%26.0% · 104
By down payment (LTV)
20%+ down90.2% · 1,40410–20% down71.3% · 945–10% down75.0% · 40

Why Hsbc Bank Usa, Na denied applications

Debt-to-income ratio38% of denialsCollateral (value/type)28% of denialsOther19% of denialsIncomplete application14% of denialsCredit history12% of denialsInsufficient cash to close10% of denials

Where Hsbc Bank Usa, Na lends in NJ

CountyDecisionsApproval
Bergen County31383.1%
Hudson County25482.3%
Morris County23887.4%
Essex County18389.6%
Monmouth County17885.4%
Union County16595.2%
Somerset County11093.6%
Middlesex County10088.0%

Fees & closing costs

Median total loan costs
$6,308
home purchase
As % of loan
1.04%
NJ median 1.93%
Priced originations
1,055
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Hsbc Bank Usa, Na’s home-purchase originations — 0.90 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $1,000. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Hsbc Bank Usa, Na 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 Hsbc Bank Usa, Na (LEI 1IE8VN30JCEQV1H4R804). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →