Mortgage Access · New Jersey · 2025

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

Mortgage Access took 852 mortgage applications in New Jersey in 2025, ranking #71 of 883 lenders active in the state. It originated 69.6% of them and denied 4.9% (6.5% of the applications it decided), against a statewide denial rate of 17.7%.

852Applicationsin NJ
6.5%Decision denial ratestate 23.1%
6.63%Median ratestate 6.75%
$415,000Median loanstate $295,000
$258MVolume21 counties

Mortgage Access in New Jersey vs the state

4.9%Denial rate-12.76 pts vs state
6.5%Decision denial rate-16.57 pts vs state
69.6%Origination rate+13.92 pts vs state
6.63%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.13 pts vs state
$154kMedian applicant income
593Loans originated
42Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,0106314.8%6.75%#57
20247174666.3%6.88%#81
20258525934.9%6.63%#71

What Mortgage Access lends in New Jersey

By loan purpose

Home purchase 771 90% · 4.5% denied
Refinance 49 6% · 8.2% denied
Cash-out refinance 32 4% · 9.4% denied

By loan type

Conventional 719 84% · 3.6% denied
FHA 97 11% · 13.4% denied
VA 35 4% · 5.7% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied New Jersey applicants

Debt-to-income ratio 20 48%
Collateral 10 24%
Employment history 4 10%
Credit history 3 7%
Insufficient cash 2 5%
Unverifiable information 2 5%
Other 1 2%

Where in New Jersey

Counties with the most Mortgage Access applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Morris County 1441053 2.1%
Burlington County 81634 4.9%
Ocean County 78431 1.3%
Camden County 75544 5.3%
Sussex County 65494 6.2%
Monmouth County 50322 4.0%
Somerset County 48394 8.3%
Middlesex County 46323 6.5%
Essex County 42193 7.1%
Hunterdon County 36292 5.6%

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: 852 applications in 2025, of which 593 were originated and 42 denied.

4.9% of all applications, or 6.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Mortgage Access originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Mortgage Access'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