The Mortgage Record
Lender report card · New Jersey

Quontic Bank

Astoria, NY · What the federal mortgage record shows about how Quontic Bank treated New Jersey applicants, 2018–2025 — 991 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
89.7%
889 approved
Denial rate
10.3%
102 denied
Decisions
991
2018–2025
Avg. rate spread
+2.38 pp
vs. market benchmark
89.7% approved
10.3% denied

Share of 991 New Jersey applications Quontic Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional89.9% of 966 · NJ 87%FHA84.0% of 25 · NJ 79%

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

Approval rate over time

72%78%84%90%96%96%90%76%95%87%84%90%92%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Quontic Bank’s rates ran +2.14 pp higher than the typical New Jersey lender (average rate spread +2.38 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Quontic Bank approves

By income
$50–75k79.6% · 49$75–100k89.2% · 93$100–150k91.2% · 215$150–250k90.8% · 185$250k+93.3% · 104
By debt-to-income
Under 36%94.5% · 25536–43%90.6% · 23443–50%85.2% · 135Over 50%61.3% · 31
By down payment (LTV)
20%+ down90.0% · 923

Why Quontic Bank denied applications

Other43% of denialsCollateral (value/type)18% of denialsCredit history18% of denialsDebt-to-income ratio11% of denialsUnverifiable information11% of denialsEmployment history5% of denials

Where Quontic Bank lends in NJ

CountyDecisionsApproval
Bergen County18891.0%
Middlesex County11789.7%
Monmouth County9293.5%
Hudson County7287.5%
Union County7088.6%
Essex County6773.1%
Ocean County6689.4%
Morris County5594.5%

Fees & closing costs

Median total loan costs
$12,673
home purchase
As % of loan
3.70%
NJ median 1.93%
Priced originations
689
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Quontic Bank’s home-purchase originations — 1.77 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $71. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Quontic Bank to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Quontic Bank (LEI 2549004XJQQPBYQSMT39). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →