Millenium Home Mortgage · New Jersey · 2025

Millenium Home Mortgage in New Jersey: approval rate, denial rate and rates (2025)

Millenium Home Mortgage took 357 mortgage applications in New Jersey in 2025, ranking #145 of 883 lenders active in the state. It originated 77.0% of them and denied 1.4% (1.8% of the applications it decided), against a statewide denial rate of 17.7%.

357Applicationsin NJ
1.8%Decision denial ratestate 23.1%
6.38%Median ratestate 6.75%
$415,000Median loanstate $295,000
$128MVolume18 counties

Millenium Home Mortgage in New Jersey vs the state

1.4%Denial rate-16.29 pts vs state
1.8%Decision denial rate-21.26 pts vs state
77.0%Origination rate+21.35 pts vs state
6.38%Median rate-0.38 pts vs state
0.01Rate spread (pts)-0.27 pts vs state
$176kMedian applicant income
275Loans originated
5Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233472412.3%6.50%#121
20243392661.8%6.50%#136
20253572751.4%6.38%#145

What Millenium Home Mortgage lends in New Jersey

By loan purpose

Home purchase 272 76% · 1.5% denied
Refinance 40 11% · 0.0% denied
Cash-out refinance 33 9% · 0.0% denied
Other / HELOC 12 3% · 8.3% denied

By loan type

Conventional 311 87% · 0.6% denied
FHA 38 11% · 7.9% denied
VA 7 2% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied New Jersey applicants

Debt-to-income ratio 5 100%

Where in New Jersey

Counties with the most Millenium Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 63500 0.0%
Warren County 41342 4.9%
Union County 39300 0.0%
Morris County 36290 0.0%
Hunterdon County 30250 0.0%
Monmouth County 24210 0.0%
Ocean County 22180 0.0%
Somerset County 18140 0.0%
Passaic County 16101 6.3%
Essex County 1571 6.7%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 357 applications in 2025, of which 275 were originated and 5 denied.

1.4% of all applications, or 1.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Millenium Home Mortgage originated in New Jersey in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Millenium Home 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