Mlb Residential Lending in New Jersey vs the state
6.8%Denial rate-10.88 pts vs state
8.6%Decision denial rate-14.50 pts vs state
66.4%Origination rate+10.75 pts vs state
6.88%Median rate+0.13 pts vs state
0.80Rate spread (pts)+0.52 pts vs state
$133kMedian applicant income
283Loans originated
29Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 561 | 373 | 6.8% | 6.99% | #91 |
| 2024 | 473 | 301 | 8.9% | 7.13% | #106 |
| 2025 | 426 | 283 | 6.8% | 6.88% | #133 |
What Mlb Residential Lending lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Mlb Residential Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Union County | 77 | 54 | 2 | 2.6% |
| Essex County | 66 | 35 | 10 | 15.2% |
| Middlesex County | 50 | 32 | 5 | 10.0% |
| Bergen County | 39 | 26 | 1 | 2.6% |
| Passaic County | 33 | 27 | 2 | 6.1% |
| Somerset County | 31 | 17 | 1 | 3.2% |
| Burlington County | 22 | 18 | 1 | 4.5% |
| Ocean County | 20 | 15 | 1 | 5.0% |
| Morris County | 19 | 15 | 0 | 0.0% |
| Hudson County | 12 | 6 | 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: 426 applications in 2025, of which 283 were originated and 29 denied.
6.8% of all applications, or 8.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Mlb Residential Lending originated in New Jersey in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Mlb Residential Lending'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