Luxury Mortgage in New Jersey vs the state
19.1%Denial rate+1.43 pts vs state
27.1%Decision denial rate+4.03 pts vs state
49.3%Origination rate-6.42 pts vs state
7.38%Median rate+0.63 pts vs state
0.92Rate spread (pts)+0.64 pts vs state
$240kMedian applicant income
67Loans originated
26Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 27 | 17 | 18.5% | 8.25% | #414 |
| 2024 | 145 | 77 | 15.9% | 7.63% | #221 |
| 2025 | 136 | 67 | 19.1% | 7.38% | #235 |
What Luxury 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 Luxury Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 21 | 5 | 5 | 23.8% |
| Middlesex County | 17 | 9 | 4 | 23.5% |
| Bergen County | 16 | 11 | 1 | 6.3% |
| Monmouth County | 13 | 8 | 4 | 30.8% |
| Ocean County | 12 | 8 | 1 | 8.3% |
| Passaic County | 11 | 4 | 2 | 18.2% |
| Union County | 10 | 3 | 1 | 10.0% |
| Hudson County | 7 | 2 | 2 | 28.6% |
| Cape May County | 4 | 1 | 1 | 25.0% |
| Burlington County | 4 | 4 | 0 | 0.0% |
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: 136 applications in 2025, of which 67 were originated and 26 denied.
19.1% of all applications, or 27.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Luxury Mortgage originated in New Jersey in 2025 was 7.38%, against a statewide median of 6.75%.
About this data. Figures are Luxury 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