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Bank

Magyar Bank

magbank.com
400 Somerset Street, New Brunswick, NJ 08901

Magyar Bank is a New Jersey-based bank offering a variety of personal and business banking services, including FDIC-insured deposit accounts and mortgage products.

Key Statistics

As of May 2026, public records show Magyar Bank has originated approximately $188.4M in loan volume over the past 12 months, with an average loan size of $649k.

Volume (12mo)

$188.4M

Avg Loan Size

$649k

Total Mortgages

2,575

Total Borrowers

916

Lending Entities

Magyar Bank funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.

Magyar Bank

2,697 mortgages recorded

+1 more entities not shown

Geography

Magyar Bank's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.

#1New Jersey

Mortgages (12mo): 198

Volume (12mo): $179.8M

Total Volume: $1.6B

#2Pennsylvania

Mortgages (12mo): 4

Volume (12mo): $8.6M

Total Volume: $29.9M

#3Michigan

Mortgages (12mo): 0

Volume (12mo): $0

Total Volume: $133k

Top Borrowers

The following individuals have the most recorded mortgage transactions with Magyar Bank. Click on a borrower to view their full investor profile.

+913 more borrowers not shown

FAQ

What type of lender is Magyar Bank?

Magyar Bank is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. The majority of their loans (50%) are for business purposes.

What entities does Magyar Bank fund loans under?

Magyar Bank originates mortgages through 2 different lending entities. The most common include Magyar Bank. These are the legal entity names that appear on recorded mortgage documents.

Where is Magyar Bank most active?

Based on recorded mortgages, Magyar Bank is most active in New Jersey, Pennsylvania, and Michigan.

How many loans has Magyar Bank originated?

Public records show 2,575 mortgages recorded for Magyar Bank, with $188.4M in volume over the past 12 months.

What is the average loan size for Magyar Bank?

The average mortgage size for Magyar Bank is $649k based on all recorded mortgages.

Does Magyar Bank offer short-term loans?

Magyar Bank primarily offers long-term financing, with only 1% of loans being short-term.

How is this data collected?

Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.