PlainLender

Unity Bank

CLINTON, NJ

Unity Bank processed 426 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 308 loans with a 7.0% denial rate. Home Purchase was the primary loan purpose. Based in CLINTON, NJ. The approval rate of 72.3% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Unity Bank's 72.3% origination rate tells you how often an application turned into funded money; the 7.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (398 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

426
Applications
308
Originated
7.0%
Denial Rate
$533,404
Avg Loan Amount
Avg Interest Rate: 7.237% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 398 291 27 $532,663
FHA 28 17 3 $543,929

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Unity Bank (LEI: 549300FNQXUCMCVLKL76) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
14
Credit history
10
Other
5
Unverifiable information
3
Collateral
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 313 238 $529,217
Cash-out Refinancing 58 36 $518,103
Refinancing 30 24 $883,000
Home Improvement 13 6 $101,154
Other 12 4 $310,833

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 282 75.9% 5.7%
Asian 59 71.2% 5.1%
Black or African American * 22 45.5% 27.3%
Joint * 14 71.4% 0.0%
American Indian or Alaska Native * 3 66.7% 33.3%
2 or more minority races * 2 0.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 321 73.2% 5.6%
Hispanic or Latino 50 68.0% 18.0%
Joint * 17 70.6% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NJ

Other HMDA-reporting lenders in NJ with similar activity. Compare any two side-by-side.

TD Bank

Mount Laurel, NJ

56,179 apps 24,748 originated 26.1% denied

HomeBridge Financial Services, Inc

Iselin, NJ

20,428 apps 11,641 originated 24.9% denied

American Neighborhood Mortgage Acceptance Company

Mt. Laurel, NJ

15,393 apps 9,465 originated 2.1% denied

American Financial Resources LLC

PARSIPPANY, NJ

9,814 apps 5,214 originated 8.4% denied

Longbridge Financial, LLC

PARAMUS, NJ

9,231 apps 3,849 originated 8.7% denied
Compare Unity Bank vs TD Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Unity Bank process?
Unity Bank processed 426 mortgage applications in the 2024 HMDA reporting year. Of these, 308 were originated (approved and funded), 23 were withdrawn by the applicant, and 30 were denied.
What is Unity Bank's mortgage approval rate?
Unity Bank has an approval (origination) rate of 72.3%, meaning 72.3% of all applications resulted in a funded mortgage. The denial rate is 7.0%.
What is the average loan amount at Unity Bank?
The average mortgage loan amount at Unity Bank is $533,404. The average interest rate is 7.237%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Unity Bank?
The most common reasons for mortgage denial at Unity Bank are: Debt-to-income ratio, Credit history, Other. In total, 30 applications were denied out of 426 total applications.
What types of mortgage loans does Unity Bank offer?
Unity Bank processes Conventional, FHA loans. The most common type is Conventional with 398 applications and an average loan amount of $532,663.
What loan purposes does Unity Bank serve?
Unity Bank serves the following loan purposes: Home Purchase (313 applications), Cash-out Refinancing (58 applications), Refinancing (30 applications), Home Improvement (13 applications), Other (12 applications). Home Purchase is the most common purpose.
Where is Unity Bank located?
Unity Bank is headquartered in CLINTON, NJ. The lender is identified by LEI 549300FNQXUCMCVLKL76 in HMDA data.
How does Unity Bank compare in lending across racial demographics?
Unity Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.9% and denial rate of 5.7%; Asian applicants have an approval rate of 71.2% and denial rate of 5.1%; Black or African American applicants have an approval rate of 45.5% and denial rate of 27.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.