New Fed Mortgage in New Jersey vs the state
10.7%Denial rate-6.98 pts vs state
15.8%Decision denial rate-7.26 pts vs state
53.6%Origination rate-2.11 pts vs state
6.25%Median rate-0.50 pts vs state
0.07Rate spread (pts)-0.21 pts vs state
$99kMedian applicant income
15Loans originated
3Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 46 | 37 | 2.2% | 6.88% | #341 |
| 2024 | 17 | 14 | 0.0% | 6.63% | #469 |
| 2025 | 28 | 15 | 10.7% | 6.25% | #414 |
What New Fed Mortgage 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 Fed Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burlington County | 10 | 8 | 0 | 0.0% |
| Camden County | 8 | 4 | 1 | 12.5% |
| Ocean County | 4 | 1 | 1 | 25.0% |
| Atlantic County | 2 | 0 | 0 | 0.0% |
| Mercer County | 2 | 1 | 0 | 0.0% |
| Essex County | 1 | 0 | 1 | 100.0% |
| Monmouth County | 1 | 1 | 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: 28 applications in 2025, of which 15 were originated and 3 denied.
10.7% of all applications, or 15.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans New Fed Mortgage originated in New Jersey in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are New Fed Mortgage'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