Lender profile · HMDA 2023–2025
Somerset Regal Bank mortgage approval rates & lending data
Somerset Regal Bank decided 380 mortgage applications and funded 314 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.