Magyar Bank
Magyar Bank received 149 applications in 2025 and made 111 mortgages, in 16 counties across 3 states. The median rate its borrowers got was Not published on a median loan of $285,000. Of 127 decisions, 16 were denials — 12.6%.
| Legal Entity Identifier | 549300D2IR01BV6NPA49 |
|---|---|
| Applications received | 149 |
| Mortgages made | 111 |
| Denied | 16 |
| Approved, not taken up | 0 |
| Withdrawn or incomplete | 22 |
| Loans bought from other lenders | 1 |
| Median rate spread over the prime offer rate | Not published |
| FDIC-insured bank | Yes: Magyar Bank, 7 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 37 | Not published | $655,000 | 2.6% |
| Refinancing | 20 | Not published | $330,000 | 13.0% |
| Cash-out refinancing | 2 | Under 10 loans | Under 10 loans | 33.3% |
| Other purposes | 52 | Not published | $105,000 | 17.5% |
Where Magyar Bank lends most
The 16 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Middlesex County, NJ | 53 | Not published | 8.6% |
| Somerset County, NJ | 14 | Not published | 22.2% |
| Union County, NJ | 9 | Under 10 loans | 0.0% |
| Monmouth County, NJ | 8 | Under 10 loans | 20.0% |
| Essex County, NJ | 6 | Under 10 loans | 14.3% |
| Ocean County, NJ | 6 | Under 10 loans | 25.0% |
| Morris County, NJ | 3 | Under 10 loans | 0.0% |
| Northampton County, PA | 3 | Under 10 loans | 0.0% |
| Hudson County, NJ | 2 | Under 10 loans | 0.0% |
| Hunterdon County, NJ | 2 | Under 10 loans | 0.0% |
| Pinellas County, FL | 1 | Under 10 loans | 0.0% |
| Atlantic County, NJ | 1 | Under 10 loans | 50.0% |
| Sussex County, NJ | 1 | Under 10 loans | 0.0% |
| Warren County, NJ | 1 | Under 10 loans | 0.0% |
| Delaware County, PA | 1 | Under 10 loans | 0.0% |
| Mercer County, NJ | 0 | Under 10 loans | 100.0% |
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When Magyar Bank’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.