Lower in New Jersey vs the state
16.0%Denial rate-1.69 pts vs state
26.1%Decision denial rate+3.06 pts vs state
44.0%Origination rate-11.68 pts vs state
6.50%Median rate-0.25 pts vs state
0.23Rate spread (pts)-0.05 pts vs state
$138kMedian applicant income
242Loans originated
88Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 210 | 101 | 19.1% | 6.75% | #180 |
| 2024 | 391 | 185 | 14.1% | 6.63% | #123 |
| 2025 | 550 | 242 | 16.0% | 6.50% | #108 |
What Lower lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 68 | 29 | 9 | 13.2% |
| Burlington County | 51 | 21 | 7 | 13.7% |
| Bergen County | 44 | 19 | 6 | 13.6% |
| Ocean County | 40 | 21 | 7 | 17.5% |
| Morris County | 37 | 17 | 6 | 16.2% |
| Essex County | 35 | 16 | 4 | 11.4% |
| Camden County | 32 | 8 | 5 | 15.6% |
| Mercer County | 29 | 11 | 6 | 20.7% |
| Monmouth County | 29 | 15 | 4 | 13.8% |
| Gloucester County | 26 | 14 | 4 | 15.4% |
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: 550 applications in 2025, of which 242 were originated and 88 denied.
16.0% of all applications, or 26.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Lower originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Lower'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