Loan Funder in New Jersey vs the state
8.3%Denial rate-9.42 pts vs state
12.7%Decision denial rate-10.35 pts vs state
56.8%Origination rate+1.16 pts vs state
9.75%Median rate+3.00 pts vs state
—Rate spread (pts)
—Median applicant income
1,217Loans originated
177Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,606 | 1,069 | 3.6% | 10.24% | #37 |
| 2024 | 2,607 | 1,475 | 7.5% | 10.24% | #26 |
| 2025 | 2,141 | 1,217 | 8.3% | 9.75% | #37 |
What Loan Funder lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 310 | 174 | 28 | 9.0% |
| Mercer County | 242 | 165 | 9 | 3.7% |
| Monmouth County | 184 | 97 | 23 | 12.5% |
| Ocean County | 181 | 96 | 12 | 6.6% |
| Camden County | 138 | 68 | 18 | 13.0% |
| Union County | 127 | 69 | 14 | 11.0% |
| Hudson County | 119 | 59 | 9 | 7.6% |
| Bergen County | 116 | 54 | 7 | 6.0% |
| Burlington County | 105 | 50 | 11 | 10.5% |
| Cumberland County | 95 | 61 | 4 | 4.2% |
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: 2,141 applications in 2025, of which 1,217 were originated and 177 denied.
8.3% of all applications, or 12.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Loan Funder originated in New Jersey in 2025 was 9.75%, against a statewide median of 6.75%.
About this data. Figures are Loan Funder'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