Newrez in New Jersey vs the state
22.5%Denial rate+4.76 pts vs state
42.5%Decision denial rate+19.47 pts vs state
29.9%Origination rate-25.83 pts vs state
6.99%Median rate+0.24 pts vs state
0.76Rate spread (pts)+0.48 pts vs state
$122kMedian applicant income
1,951Loans originated
1,467Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,423 | 920 | 23.4% | 6.88% | #16 |
| 2024 | 5,117 | 1,637 | 22.5% | 7.13% | #10 |
| 2025 | 6,535 | 1,951 | 22.5% | 6.99% | #9 |
What Newrez lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 606 | 196 | 114 | 18.8% |
| Middlesex County | 591 | 155 | 133 | 22.5% |
| Monmouth County | 548 | 159 | 107 | 19.5% |
| Ocean County | 523 | 174 | 105 | 20.1% |
| Essex County | 488 | 129 | 128 | 26.2% |
| Burlington County | 464 | 165 | 93 | 20.0% |
| Camden County | 402 | 116 | 99 | 24.6% |
| Union County | 397 | 97 | 97 | 24.4% |
| Passaic County | 303 | 81 | 76 | 25.1% |
| Morris County | 299 | 89 | 63 | 21.1% |
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% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
| Pennymac Loan Services | C | 6,343 | 12.9% | 6.62% |
Frequently asked questions
New Jersey: 6,535 applications in 2025, of which 1,951 were originated and 1,467 denied.
22.5% of all applications, or 42.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Newrez originated in New Jersey in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Newrez'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