Educational Systems · New Jersey · 2025

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

Educational Systems took 7 mortgage applications in New Jersey in 2025, ranking #568 of 883 lenders active in the state. It originated 28.6% of them and denied 57.1% (57.1% of the applications it decided), against a statewide denial rate of 17.7%.

7Applicationsin NJ
57.1%Decision denial ratestate 23.1%
4.19%Median ratestate 6.75%
$305,000Median loanstate $295,000
$1.1MVolume6 counties

Educational Systems in New Jersey vs the state

57.1%Denial rate+39.45 pts vs state
57.1%Decision denial rate+34.09 pts vs state
28.6%Origination rate-27.11 pts vs state
4.19%Median rate-2.56 pts vs state
-0.93Rate spread (pts)-1.21 pts vs state
$300kMedian applicant income
2Loans originated
4Denied

What Educational Systems lends in New Jersey

By loan purpose

Home purchase 1 14% · 0.0% denied
Refinance 2 29% · 0.0% denied
Cash-out refinance 1 14% · 100.0% denied
Home improvement 3 43% · 100.0% denied

By loan type

Conventional 7 100% · 57.1% denied

Why it denied New Jersey applicants

Collateral 3 75%
Other 1 25%

Where in New Jersey

Counties with the most Educational Systems applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bergen County 202 100.0%
Burlington County 110 0.0%
Morris County 100 0.0%
Somerset County 101 100.0%
Gloucester County 110 0.0%
Essex County 101 100.0%

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: 7 applications in 2025, of which 2 were originated and 4 denied.

57.1% of all applications, or 57.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Educational Systems originated in New Jersey in 2025 was 4.19%, against a statewide median of 6.75%.

About this data. Figures are Educational Systems'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