FM Home Loans in New Jersey vs the state
0.5%Denial rate-17.18 pts vs state
0.7%Decision denial rate-22.39 pts vs state
66.9%Origination rate+11.24 pts vs state
6.99%Median rate+0.24 pts vs state
0.46Rate spread (pts)+0.18 pts vs state
$224kMedian applicant income
526Loans originated
4Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 635 | 383 | 1.1% | 6.99% | #80 |
| 2024 | 847 | 527 | 1.9% | 7.12% | #67 |
| 2025 | 786 | 526 | 0.5% | 6.99% | #79 |
What FM Home Loans lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most FM Home Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 370 | 271 | 2 | 0.5% |
| Monmouth County | 184 | 124 | 1 | 0.5% |
| Mercer County | 64 | 20 | 0 | 0.0% |
| Bergen County | 50 | 31 | 0 | 0.0% |
| Essex County | 30 | 22 | 0 | 0.0% |
| Passaic County | 25 | 16 | 0 | 0.0% |
| Sussex County | 14 | 7 | 0 | 0.0% |
| Camden County | 9 | 6 | 0 | 0.0% |
| Hudson County | 9 | 6 | 0 | 0.0% |
| Union County | 9 | 7 | 0 | 0.0% |
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: 786 applications in 2025, of which 526 were originated and 4 denied.
0.5% of all applications, or 0.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans FM Home Loans originated in New Jersey in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are FM Home Loans'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