Clearedge Lending in New Jersey vs the state
24.6%Denial rate+6.90 pts vs state
28.3%Decision denial rate+5.25 pts vs state
60.7%Origination rate+4.98 pts vs state
7.25%Median rate+0.50 pts vs state
0.84Rate spread (pts)+0.55 pts vs state
$360kMedian applicant income
37Loans originated
15Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 37 | 17 | 35.1% | 8.63% | #370 |
| 2024 | 29 | 12 | 48.3% | 8.00% | #401 |
| 2025 | 61 | 37 | 24.6% | 7.25% | #330 |
What Clearedge 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 Clearedge Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 9 | 6 | 1 | 11.1% |
| Bergen County | 7 | 5 | 1 | 14.3% |
| Essex County | 5 | 2 | 3 | 60.0% |
| Gloucester County | 5 | 0 | 3 | 60.0% |
| Burlington County | 5 | 4 | 0 | 0.0% |
| Monmouth County | 4 | 2 | 1 | 25.0% |
| Atlantic County | 4 | 2 | 1 | 25.0% |
| Morris County | 4 | 4 | 0 | 0.0% |
| Somerset County | 3 | 1 | 2 | 66.7% |
| Passaic County | 3 | 2 | 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: 61 applications in 2025, of which 37 were originated and 15 denied.
24.6% of all applications, or 28.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Clearedge Lending originated in New Jersey in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Clearedge 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