Digital · New Jersey · 2025

Digital in New Jersey: approval rate, denial rate and rates (2025)

Digital took 391 mortgage applications in New Jersey in 2025, ranking #139 of 883 lenders active in the state. It originated 39.1% of them and denied 17.7% (30.7% of the applications it decided), against a statewide denial rate of 17.7%.

391Applicationsin NJ
30.7%Decision denial ratestate 23.1%
7.50%Median ratestate 6.75%
$335,000Median loanstate $295,000
$47MVolume18 counties

Digital in New Jersey vs the state

17.7%Denial rate-0.04 pts vs state
30.7%Decision denial rate+7.62 pts vs state
39.1%Origination rate-16.55 pts vs state
7.50%Median rate+0.75 pts vs state
0.55Rate spread (pts)+0.27 pts vs state
$202kMedian applicant income
153Loans originated
69Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
202361525316.1%6.62%#84
202450417616.9%7.75%#104
202539115317.7%7.50%#139

What Digital lends in New Jersey

By loan purpose

Home purchase 138 35% · 15.2% denied
Refinance 58 15% · 10.3% denied
Cash-out refinance 44 11% · 9.1% denied
Home improvement 75 19% · 13.3% denied
Other / HELOC 76 19% · 36.8% denied

By loan type

Conventional 391 100% · 17.7% denied

Why it denied New Jersey applicants

Debt-to-income ratio 32 46%
Collateral 14 20%
Credit history 12 17%
Other 7 10%
Insufficient cash 3 4%
Employment history 1 1%

Where in New Jersey

Counties with the most Digital applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 1476125 17.0%
Somerset County 48299 18.8%
Morris County 38146 15.8%
Mercer County 2984 13.8%
Monmouth County 1960 0.0%
Essex County 1945 26.3%
Bergen County 1563 20.0%
Hudson County 1238 66.7%
Burlington County 1270 0.0%
Gloucester County 1022 20.0%

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: 391 applications in 2025, of which 153 were originated and 69 denied.

17.7% of all applications, or 30.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Digital originated in New Jersey in 2025 was 7.50%, against a statewide median of 6.75%.

About this data. Figures are Digital'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