Figure Lending in New Jersey vs the state
29.5%Denial rate+11.85 pts vs state
31.5%Decision denial rate+8.40 pts vs state
44.1%Origination rate-11.59 pts vs state
9.40%Median rate+2.65 pts vs state
3.02Rate spread (pts)+2.74 pts vs state
$137kMedian applicant income
1,197Loans originated
802Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,247 | 955 | 34.9% | 11.10% | #25 |
| 2024 | 2,464 | 1,100 | 29.8% | 10.75% | #30 |
| 2025 | 2,715 | 1,197 | 29.5% | 9.40% | #26 |
What Figure Lending lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 266 | 115 | 86 | 32.3% |
| Ocean County | 261 | 120 | 74 | 28.4% |
| Monmouth County | 256 | 120 | 66 | 25.8% |
| Middlesex County | 204 | 93 | 62 | 30.4% |
| Burlington County | 185 | 82 | 55 | 29.7% |
| Essex County | 184 | 71 | 61 | 33.2% |
| Morris County | 176 | 78 | 56 | 31.8% |
| Gloucester County | 133 | 62 | 38 | 28.6% |
| Camden County | 132 | 62 | 42 | 31.8% |
| Passaic County | 125 | 49 | 40 | 32.0% |
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: 2,715 applications in 2025, of which 1,197 were originated and 802 denied.
29.5% of all applications, or 31.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Figure Lending originated in New Jersey in 2025 was 9.40%, against a statewide median of 6.75%.
About this data. Figures are Figure Lending'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