Somerset Regal Bank mortgage approval rate & lending review
Somerset Regal Bank decided 380 mortgage applications and funded 314 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Somerset Regal Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Somerset Regal Bank at a glance
Approval is 5.3 points above the 82.6% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 93% | 209 / 225 | 92% | $465K | 193 |
| Cash-out refinance | 79% | 34 / 43 | 94% | $205K | 32 |
| Refinance | 82% | 31 / 38 | 94% | $445K | 29 |
| Investment property purchase | 83% | 34 / 41 | 100% | $315K | 34 |
Somerset Regal Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 88% | $465K | 380 | 314 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Somerset Regal Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Somerset County, NJ | Mortgage lenders | 85% | 62 | 48 |
| Hunterdon County, NJ | Mortgage lenders | 100% | 31 | 26 |
The county markets where Somerset Regal Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Somerset Regal Bank
What is Somerset Regal Bank's mortgage approval rate?
Somerset Regal Bank approved 87.9% of the 380 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.3 points above the 82.6% national rate for the same mix of loan types.
How often do borrowers take the loan Somerset Regal Bank offers?
Borrowers accepted 94% of the loans Somerset Regal Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Somerset Regal Bank make?
The typical home purchase mortgage loan Somerset Regal Bank made was $465K; across all loan types its typical loan ran from $205K to $465K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Somerset Regal Bank lend?
Somerset Regal Bank decided applications in 1 of the states Fat Boy Data covers, most of them in New Jersey.
Can I apply to Somerset Regal Bank directly?
Yes. Somerset Regal Bank is a bank or credit union with 14 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Somerset Regal Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Somerset Regal Bank treats applications, then get a rate quote from the lender.