The Mortgage Record
Lender report card · New Jersey

Presidential Bank, Fsb

Bethesda, MD · What the federal mortgage record shows about how Presidential Bank, Fsb treated New Jersey applicants, 2018–2025 — 629 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.0%
585 approved
Denial rate
7.0%
44 denied
Decisions
629
2018–2025
Avg. rate spread
+0.35 pp
vs. market benchmark
93.0% approved
7.0% denied

Share of 629 New Jersey applications Presidential Bank, Fsb approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional93.5% of 535 · NJ 87%FHA91.4% of 58 · NJ 79%VA96.3% of 27 · NJ 80%

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

Approval rate over time

80%84%88%92%96%92%89%96%96%91%94%83%93%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Presidential Bank, Fsb’s rates ran +0.07 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 Presidential Bank, Fsb approves

By income
Under $50k91.2% · 34$50–75k87.5% · 104$75–100k91.8% · 98$100–150k93.1% · 160$150–250k97.8% · 137$250k+93.4% · 91
By debt-to-income
Under 36%96.0% · 24836–43%94.0% · 18243–50%93.2% · 176
By down payment (LTV)
20%+ down95.0% · 31810–20% down93.3% · 605–10% down94.9% · 393–5% down85.7% · 35Under 3% down85.7% · 35

Why Presidential Bank, Fsb denied applications

Collateral (value/type)32% of denialsIncomplete application30% of denialsDebt-to-income ratio30% of denialsInsufficient cash to close7% of denialsCredit history7% of denialsEmployment history5% of denials

Where Presidential Bank, Fsb lends in NJ

CountyDecisionsApproval
Cape May County15995.0%
Monmouth County11096.4%
Ocean County9888.8%
Atlantic County6686.4%
Middlesex County5498.1%
Burlington County2692.3%

Fees & closing costs

Median total loan costs
$5,738
home purchase
As % of loan
2.12%
NJ median 1.93%
Priced originations
378
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Presidential Bank, Fsb’s home-purchase originations — 0.19 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $140. 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 Presidential Bank, Fsb (LEI 54930078TNN7GKZ7NU89). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →