Bay Equity in New Jersey vs the state
3.9%Denial rate-13.81 pts vs state
5.4%Decision denial rate-17.62 pts vs state
65.9%Origination rate+10.21 pts vs state
6.63%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.13 pts vs state
$162kMedian applicant income
85Loans originated
5Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 124 | 82 | 7.3% | 6.63% | #224 |
| 2024 | 243 | 162 | 7.0% | 6.63% | #170 |
| 2025 | 129 | 85 | 3.9% | 6.63% | #241 |
What Bay Equity lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burlington County | 14 | 10 | 1 | 7.1% |
| Monmouth County | 14 | 12 | 0 | 0.0% |
| Camden County | 13 | 9 | 1 | 7.7% |
| Hudson County | 12 | 3 | 1 | 8.3% |
| Ocean County | 12 | 11 | 0 | 0.0% |
| Bergen County | 11 | 8 | 0 | 0.0% |
| Mercer County | 10 | 3 | 0 | 0.0% |
| Gloucester County | 7 | 5 | 1 | 14.3% |
| Essex County | 5 | 2 | 0 | 0.0% |
| Somerset County | 5 | 4 | 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: 129 applications in 2025, of which 85 were originated and 5 denied.
3.9% of all applications, or 5.4% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Bay Equity originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Bay Equity'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