First Heritage Financial · New Jersey · 2025

First Heritage Financial in New Jersey: approval rate, denial rate and rates (2025)

First Heritage Financial took 23 mortgage applications in New Jersey in 2025, ranking #434 of 883 lenders active in the state. It originated 87.0% of them and denied 13.0% (13.0% of the applications it decided), against a statewide denial rate of 17.7%.

23Applicationsin NJ
13.0%Decision denial ratestate 23.1%
6.63%Median ratestate 6.75%
$335,000Median loanstate $295,000
$8.1MVolume10 counties

First Heritage Financial in New Jersey vs the state

13.0%Denial rate-4.65 pts vs state
13.0%Decision denial rate-10.01 pts vs state
87.0%Origination rate+31.28 pts vs state
6.63%Median rate-0.13 pts vs state
0.39Rate spread (pts)+0.10 pts vs state
$137kMedian applicant income
20Loans originated
3Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
202315130.0%6.50%#480
202422179.1%6.63%#434
2025232013.0%6.63%#434

What First Heritage Financial lends in New Jersey

By loan purpose

Home purchase 18 78% · 16.7% denied
Refinance 1 4% · 0.0% denied
Cash-out refinance 4 17% · 0.0% denied

By loan type

Conventional 18 78% · 11.1% denied
FHA 5 22% · 20.0% denied

Why it denied New Jersey applicants

Debt-to-income ratio 1 33%
Incomplete application 1 33%
Insufficient cash 1 33%

Where in New Jersey

Counties with the most First Heritage Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Gloucester County 440 0.0%
Cape May County 440 0.0%
Cumberland County 312 66.7%
Burlington County 321 33.3%
Mercer County 220 0.0%
Essex County 220 0.0%
Atlantic County 220 0.0%
Morris County 110 0.0%
Monmouth County 110 0.0%
Union County 110 0.0%

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: 23 applications in 2025, of which 20 were originated and 3 denied.

13.0% of all applications, or 13.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans First Heritage Financial originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are First Heritage Financial'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