City Lending in New Jersey vs the state
28.6%Denial rate+10.88 pts vs state
33.3%Decision denial rate+10.28 pts vs state
42.9%Origination rate-12.82 pts vs state
8.19%Median rate+1.44 pts vs state
2.50Rate spread (pts)+2.22 pts vs state
$137kMedian applicant income
3Loans originated
2Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 4 | 30.0% | 10.63% | #531 |
| 2024 | 16 | 8 | 31.3% | 8.13% | #483 |
| 2025 | 7 | 3 | 28.6% | 8.19% | #569 |
What City Lending lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most City Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Union County | 2 | 2 | 0 | 0.0% |
| Camden County | 2 | 0 | 2 | 100.0% |
| Mercer County | 1 | 1 | 0 | 0.0% |
| Atlantic County | 1 | 0 | 0 | 0.0% |
| Passaic County | 1 | 0 | 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: 7 applications in 2025, of which 3 were originated and 2 denied.
28.6% of all applications, or 33.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans City Lending originated in New Jersey in 2025 was 8.19%, against a statewide median of 6.75%.
About this data. Figures are City Lending'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