Navy Federal Credit Union in New Jersey vs the state
25.2%Denial rate+7.52 pts vs state
37.1%Decision denial rate+14.04 pts vs state
41.7%Origination rate-13.98 pts vs state
7.84%Median rate+1.09 pts vs state
0.96Rate spread (pts)+0.68 pts vs state
$133kMedian applicant income
1,515Loans originated
916Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,026 | 1,205 | 32.5% | 8.00% | #18 |
| 2024 | 3,603 | 1,523 | 27.6% | 8.60% | #17 |
| 2025 | 3,633 | 1,515 | 25.2% | 7.84% | #19 |
What Navy Federal Credit Union lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burlington County | 486 | 234 | 95 | 19.5% |
| Camden County | 444 | 210 | 104 | 23.4% |
| Ocean County | 303 | 139 | 62 | 20.5% |
| Gloucester County | 261 | 113 | 51 | 19.5% |
| Essex County | 248 | 83 | 80 | 32.3% |
| Monmouth County | 246 | 110 | 54 | 22.0% |
| Middlesex County | 216 | 81 | 55 | 25.5% |
| Bergen County | 215 | 80 | 55 | 25.6% |
| Union County | 183 | 60 | 70 | 38.3% |
| Atlantic County | 141 | 50 | 43 | 30.5% |
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: 3,633 applications in 2025, of which 1,515 were originated and 916 denied.
25.2% of all applications, or 37.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Navy Federal Credit Union originated in New Jersey in 2025 was 7.84%, against a statewide median of 6.75%.
About this data. Figures are Navy Federal Credit Union'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