Developer'S Mortgage in New Jersey vs the state
6.7%Denial rate-11.02 pts vs state
8.4%Decision denial rate-14.63 pts vs state
72.5%Origination rate+16.82 pts vs state
6.88%Median rate+0.13 pts vs state
0.51Rate spread (pts)+0.23 pts vs state
$110kMedian applicant income
87Loans originated
8Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 74 | 59 | 4.1% | 7.50% | #279 |
| 2024 | 171 | 108 | 4.1% | 6.88% | #208 |
| 2025 | 120 | 87 | 6.7% | 6.88% | #250 |
What Developer'S Mortgage lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Developer'S Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Morris County | 25 | 19 | 2 | 8.0% |
| Mercer County | 17 | 13 | 2 | 11.8% |
| Atlantic County | 11 | 8 | 1 | 9.1% |
| Burlington County | 10 | 7 | 1 | 10.0% |
| Somerset County | 8 | 7 | 0 | 0.0% |
| Warren County | 7 | 3 | 1 | 14.3% |
| Bergen County | 6 | 3 | 0 | 0.0% |
| Camden County | 6 | 5 | 0 | 0.0% |
| Gloucester County | 5 | 5 | 0 | 0.0% |
| Hunterdon County | 5 | 5 | 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: 120 applications in 2025, of which 87 were originated and 8 denied.
6.7% of all applications, or 8.4% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Developer'S Mortgage originated in New Jersey in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Developer'S Mortgage'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