Cake Mortgage in New Jersey vs the state
5.1%Denial rate-12.56 pts vs state
8.0%Decision denial rate-15.05 pts vs state
59.0%Origination rate+3.29 pts vs state
7.63%Median rate+0.88 pts vs state
1.40Rate spread (pts)+1.12 pts vs state
$212kMedian applicant income
46Loans originated
4Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8 | 1 | 62.5% | 6.50% | #558 |
| 2024 | 60 | 22 | 10.0% | 8.63% | #323 |
| 2025 | 78 | 46 | 5.1% | 7.63% | #299 |
What Cake 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 Cake Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Passaic County | 18 | 12 | 0 | 0.0% |
| Union County | 12 | 5 | 2 | 16.7% |
| Ocean County | 12 | 7 | 0 | 0.0% |
| Bergen County | 11 | 5 | 0 | 0.0% |
| Morris County | 6 | 4 | 0 | 0.0% |
| Monmouth County | 5 | 3 | 1 | 20.0% |
| Essex County | 4 | 3 | 1 | 25.0% |
| Hudson County | 3 | 2 | 0 | 0.0% |
| Middlesex County | 2 | 1 | 0 | 0.0% |
| Somerset County | 1 | 1 | 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: 78 applications in 2025, of which 46 were originated and 4 denied.
5.1% of all applications, or 8.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Cake Mortgage originated in New Jersey in 2025 was 7.63%, against a statewide median of 6.75%.
About this data. Figures are Cake 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