K. Hovnanian American Mortgage in New Jersey vs the state
8.4%Denial rate-9.34 pts vs state
9.8%Decision denial rate-13.24 pts vs state
76.8%Origination rate+21.12 pts vs state
6.88%Median rate+0.13 pts vs state
0.28Rate spread (pts)0.00 pts vs state
$226kMedian applicant income
331Loans originated
36Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 307 | 224 | 6.5% | 7.13% | #132 |
| 2024 | 386 | 261 | 12.7% | 6.88% | #125 |
| 2025 | 431 | 331 | 8.4% | 6.88% | #132 |
What K. Hovnanian American 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 K. Hovnanian American Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monmouth County | 136 | 95 | 19 | 14.0% |
| Somerset County | 96 | 81 | 5 | 5.2% |
| Mercer County | 79 | 62 | 2 | 2.5% |
| Middlesex County | 49 | 41 | 3 | 6.1% |
| Morris County | 45 | 39 | 1 | 2.2% |
| Camden County | 26 | 13 | 6 | 23.1% |
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: 431 applications in 2025, of which 331 were originated and 36 denied.
8.4% of all applications, or 9.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans K. Hovnanian American Mortgage originated in New Jersey in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are K. Hovnanian American 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