Finance of America Reverse in New Jersey vs the state
11.1%Denial rate-6.61 pts vs state
13.2%Decision denial rate-9.90 pts vs state
72.2%Origination rate+16.48 pts vs state
6.50%Median rate-0.25 pts vs state
—Rate spread (pts)
$33kMedian applicant income
280Loans originated
43Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 282 | 179 | 13.1% | 7.74% | #147 |
| 2024 | 339 | 246 | 7.4% | 7.41% | #137 |
| 2025 | 388 | 280 | 11.1% | 6.50% | #140 |
What Finance of America Reverse lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 56 | 39 | 8 | 14.3% |
| Bergen County | 44 | 29 | 7 | 15.9% |
| Monmouth County | 43 | 32 | 2 | 4.7% |
| Burlington County | 28 | 22 | 0 | 0.0% |
| Middlesex County | 26 | 21 | 2 | 7.7% |
| Essex County | 25 | 18 | 3 | 12.0% |
| Gloucester County | 18 | 14 | 2 | 11.1% |
| Union County | 17 | 13 | 1 | 5.9% |
| Cape May County | 16 | 11 | 3 | 18.8% |
| Camden County | 16 | 9 | 3 | 18.8% |
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: 388 applications in 2025, of which 280 were originated and 43 denied.
11.1% of all applications, or 13.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Finance of America Reverse originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Finance of America Reverse'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