New Day Financial in New Jersey vs the state
23.9%Denial rate+6.16 pts vs state
54.2%Decision denial rate+31.18 pts vs state
19.1%Origination rate-36.58 pts vs state
6.88%Median rate+0.13 pts vs state
0.80Rate spread (pts)+0.52 pts vs state
$84kMedian applicant income
149Loans originated
186Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 647 | 87 | 29.1% | 7.49% | #77 |
| 2024 | 816 | 126 | 27.3% | 7.75% | #70 |
| 2025 | 780 | 149 | 23.9% | 6.88% | #80 |
What New Day Financial lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most New Day Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 115 | 22 | 26 | 22.6% |
| Burlington County | 79 | 13 | 17 | 21.5% |
| Camden County | 71 | 19 | 14 | 19.7% |
| Middlesex County | 62 | 10 | 20 | 32.3% |
| Monmouth County | 57 | 10 | 22 | 38.6% |
| Gloucester County | 50 | 9 | 10 | 20.0% |
| Atlantic County | 48 | 8 | 8 | 16.7% |
| Bergen County | 41 | 5 | 12 | 29.3% |
| Essex County | 33 | 5 | 9 | 27.3% |
| Mercer County | 29 | 6 | 4 | 13.8% |
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: 780 applications in 2025, of which 149 were originated and 186 denied.
23.9% of all applications, or 54.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans New Day Financial originated in New Jersey in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are New Day Financial'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