NJ Lenders in New Jersey vs the state
3.0%Denial rate-14.68 pts vs state
3.7%Decision denial rate-19.39 pts vs state
76.5%Origination rate+20.82 pts vs state
6.63%Median rate-0.13 pts vs state
0.08Rate spread (pts)-0.20 pts vs state
$181kMedian applicant income
840Loans originated
33Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,668 | 2,558 | 4.7% | 6.50% | #11 |
| 2024 | 2,862 | 2,190 | 3.8% | 6.62% | #23 |
| 2025 | 1,098 | 840 | 3.0% | 6.63% | #62 |
What NJ Lenders lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most NJ Lenders applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 198 | 156 | 5 | 2.5% |
| Essex County | 151 | 104 | 7 | 4.6% |
| Morris County | 120 | 94 | 0 | 0.0% |
| Passaic County | 100 | 79 | 2 | 2.0% |
| Monmouth County | 89 | 65 | 1 | 1.1% |
| Ocean County | 78 | 63 | 2 | 2.6% |
| Hudson County | 75 | 60 | 2 | 2.7% |
| Union County | 62 | 45 | 4 | 6.5% |
| Middlesex County | 46 | 38 | 1 | 2.2% |
| Sussex County | 43 | 35 | 1 | 2.3% |
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: 1,098 applications in 2025, of which 840 were originated and 33 denied.
3.0% of all applications, or 3.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans NJ Lenders originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are NJ Lenders'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