Nqm Funding in New Jersey vs the state
13.7%Denial rate-3.96 pts vs state
14.9%Decision denial rate-8.16 pts vs state
70.5%Origination rate+14.77 pts vs state
7.50%Median rate+0.75 pts vs state
0.94Rate spread (pts)+0.66 pts vs state
$198kMedian applicant income
236Loans originated
46Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 217 | 128 | 11.5% | 8.50% | #175 |
| 2024 | 274 | 184 | 12.0% | 8.13% | #158 |
| 2025 | 335 | 236 | 13.7% | 7.50% | #153 |
What Nqm Funding lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monmouth County | 65 | 50 | 5 | 7.7% |
| Ocean County | 56 | 41 | 10 | 17.9% |
| Bergen County | 32 | 22 | 6 | 18.8% |
| Middlesex County | 27 | 19 | 2 | 7.4% |
| Essex County | 20 | 10 | 6 | 30.0% |
| Passaic County | 16 | 10 | 4 | 25.0% |
| Burlington County | 16 | 11 | 2 | 12.5% |
| Union County | 15 | 13 | 1 | 6.7% |
| Atlantic County | 14 | 9 | 2 | 14.3% |
| Somerset County | 10 | 8 | 1 | 10.0% |
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: 335 applications in 2025, of which 236 were originated and 46 denied.
13.7% of all applications, or 14.9% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Nqm Funding originated in New Jersey in 2025 was 7.50%, against a statewide median of 6.75%.
About this data. Figures are Nqm Funding'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