NFM in New Jersey vs the state
2.9%Denial rate-14.81 pts vs state
3.5%Decision denial rate-19.51 pts vs state
77.6%Origination rate+21.94 pts vs state
6.63%Median rate-0.13 pts vs state
0.34Rate spread (pts)+0.06 pts vs state
$129kMedian applicant income
1,051Loans originated
39Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,324 | 986 | 2.1% | 6.75% | #47 |
| 2024 | 1,603 | 1,205 | 2.6% | 6.75% | #43 |
| 2025 | 1,354 | 1,051 | 2.9% | 6.63% | #55 |
What NFM lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Camden County | 406 | 333 | 9 | 2.2% |
| Burlington County | 357 | 297 | 8 | 2.2% |
| Gloucester County | 230 | 184 | 2 | 0.9% |
| Atlantic County | 51 | 33 | 2 | 3.9% |
| Mercer County | 49 | 37 | 2 | 4.1% |
| Salem County | 39 | 25 | 2 | 5.1% |
| Cumberland County | 32 | 17 | 4 | 12.5% |
| Ocean County | 29 | 22 | 0 | 0.0% |
| Middlesex County | 26 | 21 | 2 | 7.7% |
| Passaic County | 26 | 16 | 2 | 7.7% |
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: 1,354 applications in 2025, of which 1,051 were originated and 39 denied.
2.9% of all applications, or 3.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans NFM originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are NFM'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