Foundation Mortgage in New Jersey vs the state
20.0%Denial rate+2.31 pts vs state
21.6%Decision denial rate-1.43 pts vs state
38.8%Origination rate-16.93 pts vs state
7.25%Median rate+0.50 pts vs state
1.40Rate spread (pts)+1.12 pts vs state
$141kMedian applicant income
31Loans originated
16Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 52 | 28 | 5.8% | 8.81% | #328 |
| 2024 | 78 | 35 | 23.1% | 8.13% | #288 |
| 2025 | 80 | 31 | 20.0% | 7.25% | #293 |
What Foundation Mortgage lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 13 | 4 | 4 | 30.8% |
| Ocean County | 8 | 5 | 0 | 0.0% |
| Monmouth County | 8 | 6 | 2 | 25.0% |
| Bergen County | 6 | 3 | 2 | 33.3% |
| Gloucester County | 5 | 4 | 1 | 20.0% |
| Middlesex County | 5 | 1 | 0 | 0.0% |
| Atlantic County | 4 | 3 | 1 | 25.0% |
| Camden County | 4 | 0 | 1 | 25.0% |
| Salem County | 3 | 2 | 0 | 0.0% |
| Burlington County | 3 | 1 | 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: 80 applications in 2025, of which 31 were originated and 16 denied.
20.0% of all applications, or 21.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Foundation Mortgage originated in New Jersey in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Foundation 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