Equity Prime Mortgage · New Jersey · 2025

Equity Prime Mortgage in New Jersey: approval rate, denial rate and rates (2025)

Equity Prime Mortgage took 561 mortgage applications in New Jersey in 2025, ranking #107 of 883 lenders active in the state. It originated 40.8% of them and denied 13.4% (24.7% of the applications it decided), against a statewide denial rate of 17.7%.

561Applicationsin NJ
24.7%Decision denial ratestate 23.1%
6.63%Median ratestate 6.75%
$385,000Median loanstate $295,000
$101MVolume21 counties

Equity Prime Mortgage in New Jersey vs the state

13.4%Denial rate-4.32 pts vs state
24.7%Decision denial rate+1.62 pts vs state
40.8%Origination rate-14.86 pts vs state
6.63%Median rate-0.13 pts vs state
0.33Rate spread (pts)+0.05 pts vs state
$126kMedian applicant income
229Loans originated
75Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235383843.0%6.88%#94
20242711494.4%6.75%#160
202556122913.4%6.63%#107

What Equity Prime Mortgage lends in New Jersey

By loan purpose

Home purchase 195 35% · 15.4% denied
Refinance 60 11% · 11.7% denied
Cash-out refinance 306 55% · 12.4% denied

By loan type

Conventional 59 11% · 17.0% denied
FHA 413 74% · 12.6% denied
VA 89 16% · 14.6% denied

Why it denied New Jersey applicants

Debt-to-income ratio 25 33%
Other 18 24%
Credit history 15 20%
Unverifiable information 6 8%
Employment history 5 7%
Incomplete application 3 4%
Collateral 2 3%
Insufficient cash 1 1%

Where in New Jersey

Counties with the most Equity Prime Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Camden County 58199 15.5%
Essex County 51209 17.6%
Middlesex County 49214 8.2%
Burlington County 47196 12.8%
Passaic County 46188 17.4%
Ocean County 45237 15.6%
Union County 42157 16.7%
Bergen County 29104 13.8%
Gloucester County 25114 16.0%
Mercer County 2482 8.3%

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: 561 applications in 2025, of which 229 were originated and 75 denied.

13.4% of all applications, or 24.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Equity Prime Mortgage originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Equity Prime 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