Home Mortgage Alliance Corporation (HMAC) in New Jersey vs the state
12.5%Denial rate-5.19 pts vs state
19.2%Decision denial rate-3.82 pts vs state
48.8%Origination rate-6.93 pts vs state
9.00%Median rate+2.24 pts vs state
2.58Rate spread (pts)+2.30 pts vs state
$180kMedian applicant income
39Loans originated
10Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 90 | 33 | 7.8% | 7.63% | #259 |
| 2024 | 82 | 39 | 9.8% | 9.50% | #282 |
| 2025 | 80 | 39 | 12.5% | 9.00% | #294 |
What Home Mortgage Alliance Corporation (HMAC) lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Home Mortgage Alliance Corporation (HMAC) applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 13 | 4 | 2 | 15.4% |
| Ocean County | 9 | 3 | 0 | 0.0% |
| Middlesex County | 9 | 3 | 2 | 22.2% |
| Passaic County | 8 | 5 | 0 | 0.0% |
| Union County | 8 | 2 | 2 | 25.0% |
| Hudson County | 6 | 2 | 0 | 0.0% |
| Cumberland County | 5 | 3 | 1 | 20.0% |
| Monmouth County | 4 | 4 | 0 | 0.0% |
| Essex County | 4 | 2 | 0 | 0.0% |
| Burlington County | 4 | 2 | 2 | 50.0% |
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 39 were originated and 10 denied.
12.5% of all applications, or 19.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Home Mortgage Alliance Corporation (HMAC) originated in New Jersey in 2025 was 9.00%, against a statewide median of 6.75%.
About this data. Figures are Home Mortgage Alliance Corporation (HMAC)'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