Greenway Mortgage Funding · New Jersey · 2025

Greenway Mortgage Funding in New Jersey: approval rate, denial rate and rates (2025)

Greenway Mortgage Funding took 233 mortgage applications in New Jersey in 2025, ranking #186 of 883 lenders active in the state. It originated 73.4% of them and denied 9.4% (10.7% of the applications it decided), against a statewide denial rate of 17.7%.

233Applicationsin NJ
10.7%Decision denial ratestate 23.1%
6.63%Median ratestate 6.75%
$455,000Median loanstate $295,000
$85MVolume19 counties

Greenway Mortgage Funding in New Jersey vs the state

9.4%Denial rate-8.25 pts vs state
10.7%Decision denial rate-12.37 pts vs state
73.4%Origination rate+17.71 pts vs state
6.63%Median rate-0.13 pts vs state
0.32Rate spread (pts)+0.04 pts vs state
$182kMedian applicant income
171Loans originated
22Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232081577.2%6.88%#181
20242481736.1%6.69%#166
20252331719.4%6.63%#186

What Greenway Mortgage Funding lends in New Jersey

By loan purpose

Home purchase 184 79% · 9.2% denied
Refinance 16 7% · 0.0% denied
Cash-out refinance 33 14% · 15.2% denied

By loan type

Conventional 201 86% · 8.5% denied
FHA 26 11% · 15.4% denied
VA 5 2% · 0.0% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied New Jersey applicants

Collateral 7 32%
Debt-to-income ratio 7 32%
Other 6 27%
Insufficient cash 1 5%
Employment history 1 5%

Where in New Jersey

Counties with the most Greenway Mortgage Funding applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Ocean County 48423 6.3%
Monmouth County 45343 6.7%
Hudson County 29167 24.1%
Middlesex County 23191 4.3%
Bergen County 17140 0.0%
Gloucester County 1171 9.1%
Morris County 1062 20.0%
Essex County 851 12.5%
Union County 751 14.3%
Camden County 732 28.6%

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: 233 applications in 2025, of which 171 were originated and 22 denied.

9.4% of all applications, or 10.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Greenway Mortgage Funding originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Greenway Mortgage Funding'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