Credit Union Mortgage Association · New Jersey · 2025

Credit Union Mortgage Association in New Jersey: approval rate, denial rate and rates (2025)

Credit Union Mortgage Association took 53 mortgage applications in New Jersey in 2025, ranking #347 of 883 lenders active in the state. It originated 43.4% of them and denied 3.8% (7.7% of the applications it decided), against a statewide denial rate of 17.7%.

53Applicationsin NJ
7.7%Decision denial ratestate 23.1%
5.50%Median ratestate 6.75%
$605,000Median loanstate $295,000
$15MVolume15 counties

Credit Union Mortgage Association in New Jersey vs the state

3.8%Denial rate-13.92 pts vs state
7.7%Decision denial rate-15.36 pts vs state
43.4%Origination rate-12.28 pts vs state
5.50%Median rate-1.25 pts vs state
-0.70Rate spread (pts)-0.99 pts vs state
$216kMedian applicant income
23Loans originated
2Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
202341249.8%5.94%#357
202434205.9%6.19%#387
202553233.8%5.50%#347

What Credit Union Mortgage Association lends in New Jersey

By loan purpose

Home purchase 35 66% · 2.9% denied
Refinance 17 32% · 5.9% denied
Cash-out refinance 1 2% · 0.0% denied

By loan type

Conventional 53 100% · 3.8% denied

Why it denied New Jersey applicants

Debt-to-income ratio 1 50%
Collateral 1 50%

Where in New Jersey

Counties with the most Credit Union Mortgage Association applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bergen County 1581 6.7%
Hudson County 940 0.0%
Essex County 520 0.0%
Monmouth County 500 0.0%
Somerset County 440 0.0%
Morris County 300 0.0%
Middlesex County 210 0.0%
Ocean County 210 0.0%
Mercer County 200 0.0%
Burlington County 110 0.0%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 53 applications in 2025, of which 23 were originated and 2 denied.

3.8% of all applications, or 7.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Credit Union Mortgage Association originated in New Jersey in 2025 was 5.50%, against a statewide median of 6.75%.

About this data. Figures are Credit Union Mortgage Association'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