Champions Funding in New Jersey vs the state
16.5%Denial rate-1.19 pts vs state
19.8%Decision denial rate-3.26 pts vs state
66.6%Origination rate+10.96 pts vs state
7.50%Median rate+0.75 pts vs state
2.17Rate spread (pts)+1.89 pts vs state
$242kMedian applicant income
917Loans originated
227Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 104 | 48 | 52.9% | 9.75% | #245 |
| 2024 | 323 | 207 | 18.0% | 8.63% | #141 |
| 2025 | 1,376 | 917 | 16.5% | 7.50% | #54 |
What Champions Funding lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Champions Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 215 | 135 | 35 | 16.3% |
| Mercer County | 172 | 126 | 31 | 18.0% |
| Passaic County | 153 | 115 | 20 | 13.1% |
| Ocean County | 133 | 88 | 20 | 15.0% |
| Union County | 132 | 86 | 19 | 14.4% |
| Bergen County | 108 | 68 | 19 | 17.6% |
| Hudson County | 83 | 57 | 11 | 13.3% |
| Monmouth County | 67 | 42 | 13 | 19.4% |
| Cumberland County | 49 | 34 | 11 | 22.4% |
| Middlesex County | 44 | 31 | 4 | 9.1% |
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: 1,376 applications in 2025, of which 917 were originated and 227 denied.
16.5% of all applications, or 19.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Champions Funding originated in New Jersey in 2025 was 7.50%, against a statewide median of 6.75%.
About this data. Figures are Champions Funding'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