Better Mortgage in New Jersey vs the state
23.9%Denial rate+6.20 pts vs state
41.3%Decision denial rate+18.22 pts vs state
32.6%Origination rate-23.07 pts vs state
8.00%Median rate+1.25 pts vs state
0.95Rate spread (pts)+0.66 pts vs state
$194kMedian applicant income
658Loans originated
482Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 645 | 251 | 5.3% | 6.13% | #78 |
| 2024 | 758 | 235 | 10.6% | 6.50% | #76 |
| 2025 | 2,018 | 658 | 23.9% | 8.00% | #42 |
What Better 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 Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 244 | 71 | 52 | 21.3% |
| Middlesex County | 220 | 82 | 44 | 20.0% |
| Monmouth County | 189 | 63 | 43 | 22.8% |
| Hudson County | 182 | 46 | 60 | 33.0% |
| Essex County | 149 | 48 | 35 | 23.5% |
| Morris County | 141 | 36 | 35 | 24.8% |
| Union County | 111 | 35 | 29 | 26.1% |
| Ocean County | 109 | 34 | 39 | 35.8% |
| Mercer County | 103 | 46 | 21 | 20.4% |
| Somerset County | 101 | 38 | 8 | 7.9% |
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: 2,018 applications in 2025, of which 658 were originated and 482 denied.
23.9% of all applications, or 41.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Better Mortgage originated in New Jersey in 2025 was 8.00%, against a statewide median of 6.75%.
About this data. Figures are Better 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