Member First Mortgage in New Jersey vs the state
19.7%Denial rate+2.00 pts vs state
38.5%Decision denial rate+15.41 pts vs state
27.6%Origination rate-28.12 pts vs state
6.50%Median rate-0.25 pts vs state
0.16Rate spread (pts)-0.12 pts vs state
$145kMedian applicant income
35Loans originated
25Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 155 | 57 | 20.0% | 6.50% | #196 |
| 2024 | 128 | 38 | 17.2% | 6.56% | #234 |
| 2025 | 127 | 35 | 19.7% | 6.50% | #242 |
What Member First 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 Member First Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 14 | 3 | 4 | 28.6% |
| Hudson County | 12 | 2 | 4 | 33.3% |
| Essex County | 9 | 3 | 3 | 33.3% |
| Burlington County | 9 | 3 | 1 | 11.1% |
| Atlantic County | 8 | 1 | 3 | 37.5% |
| Morris County | 8 | 2 | 0 | 0.0% |
| Somerset County | 7 | 2 | 1 | 14.3% |
| Salem County | 7 | 1 | 2 | 28.6% |
| Camden County | 7 | 5 | 0 | 0.0% |
| Union County | 7 | 3 | 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: 127 applications in 2025, of which 35 were originated and 25 denied.
19.7% of all applications, or 38.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Member First Mortgage originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Member First 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