Commercial Lender in New Jersey vs the state
74.1%Denial rate+56.44 pts vs state
77.7%Decision denial rate+54.61 pts vs state
21.3%Origination rate-34.35 pts vs state
10.74%Median rate+3.99 pts vs state
—Rate spread (pts)
—Median applicant income
61Loans originated
212Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 290 | 101 | 16.2% | 11.24% | #143 |
| 2024 | 270 | 83 | 28.5% | 11.09% | #161 |
| 2025 | 286 | 61 | 74.1% | 10.74% | #167 |
What Commercial Lender lends in New Jersey
By loan purpose
By loan type
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: 286 applications in 2025, of which 61 were originated and 212 denied.
74.1% of all applications, or 77.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Commercial Lender originated in New Jersey in 2025 was 10.74%, against a statewide median of 6.75%.
About this data. Figures are Commercial Lender'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