American Federal Mortgage in New Jersey vs the state
3.9%Denial rate-13.78 pts vs state
6.2%Decision denial rate-16.89 pts vs state
59.7%Origination rate+3.97 pts vs state
6.25%Median rate-0.50 pts vs state
-0.19Rate spread (pts)-0.47 pts vs state
$190kMedian applicant income
442Loans originated
29Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 630 | 394 | 2.9% | 6.38% | #81 |
| 2024 | 875 | 529 | 3.3% | 6.38% | #64 |
| 2025 | 741 | 442 | 3.9% | 6.25% | #87 |
What American Federal Mortgage lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most American Federal Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 112 | 68 | 7 | 6.3% |
| Morris County | 89 | 52 | 3 | 3.4% |
| Bergen County | 84 | 49 | 4 | 4.8% |
| Somerset County | 75 | 51 | 0 | 0.0% |
| Hudson County | 54 | 20 | 4 | 7.4% |
| Monmouth County | 47 | 25 | 2 | 4.3% |
| Mercer County | 38 | 25 | 1 | 2.6% |
| Burlington County | 36 | 26 | 1 | 2.8% |
| Essex County | 33 | 18 | 2 | 6.1% |
| Sussex County | 30 | 23 | 0 | 0.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 741 applications in 2025, of which 442 were originated and 29 denied.
3.9% of all applications, or 6.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans American Federal Mortgage originated in New Jersey in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are American Federal Mortgage's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology