Freedom Mortgage in New Jersey vs the state
9.7%Denial rate-8.00 pts vs state
18.9%Decision denial rate-4.19 pts vs state
35.4%Origination rate-20.28 pts vs state
6.25%Median rate-0.50 pts vs state
0.32Rate spread (pts)+0.04 pts vs state
$118kMedian applicant income
1,432Loans originated
392Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,289 | 513 | 14.8% | 6.75% | #51 |
| 2024 | 3,127 | 1,246 | 11.8% | 6.38% | #20 |
| 2025 | 4,045 | 1,432 | 9.7% | 6.25% | #15 |
What Freedom 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 Freedom Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Camden County | 402 | 133 | 47 | 11.7% |
| Burlington County | 377 | 146 | 31 | 8.2% |
| Ocean County | 366 | 160 | 30 | 8.2% |
| Essex County | 291 | 86 | 35 | 12.0% |
| Middlesex County | 286 | 101 | 25 | 8.7% |
| Gloucester County | 254 | 112 | 19 | 7.5% |
| Union County | 246 | 81 | 21 | 8.5% |
| Bergen County | 234 | 74 | 13 | 5.6% |
| Monmouth County | 228 | 73 | 24 | 10.5% |
| Passaic County | 210 | 66 | 20 | 9.5% |
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: 4,045 applications in 2025, of which 1,432 were originated and 392 denied.
9.7% of all applications, or 18.9% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Freedom Mortgage originated in New Jersey in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Freedom 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