Network Capital Funding in New Jersey vs the state
16.3%Denial rate-1.38 pts vs state
57.6%Decision denial rate+34.53 pts vs state
11.2%Origination rate-44.52 pts vs state
6.63%Median rate-0.13 pts vs state
0.01Rate spread (pts)-0.27 pts vs state
$108kMedian applicant income
52Loans originated
76Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 952 | 56 | 26.4% | 6.75% | #58 |
| 2024 | 830 | 84 | 13.6% | 6.50% | #69 |
| 2025 | 466 | 52 | 16.3% | 6.63% | #126 |
What Network Capital Funding lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Network Capital Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 43 | 4 | 9 | 20.9% |
| Middlesex County | 41 | 6 | 5 | 12.2% |
| Monmouth County | 41 | 2 | 4 | 9.8% |
| Ocean County | 40 | 4 | 7 | 17.5% |
| Union County | 35 | 3 | 8 | 22.9% |
| Essex County | 33 | 2 | 8 | 24.2% |
| Camden County | 32 | 3 | 7 | 21.9% |
| Somerset County | 25 | 3 | 6 | 24.0% |
| Hudson County | 22 | 5 | 1 | 4.5% |
| Morris County | 20 | 7 | 1 | 5.0% |
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: 466 applications in 2025, of which 52 were originated and 76 denied.
16.3% of all applications, or 57.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Network Capital Funding originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Network Capital Funding'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