Pentagon Federal Credit Union · New Jersey · 2025

Pentagon Federal Credit Union in New Jersey: approval rate, denial rate and rates (2025)

Pentagon Federal Credit Union took 1,199 mortgage applications in New Jersey in 2025, ranking #60 of 883 lenders active in the state. It originated 37.5% of them and denied 41.3% (52.2% of the applications it decided), against a statewide denial rate of 17.7%.

1.2kApplicationsin NJ
52.2%Decision denial ratestate 23.1%
7.75%Median ratestate 6.75%
$195,000Median loanstate $295,000
$100MVolume21 counties

Pentagon Federal Credit Union in New Jersey vs the state

41.3%Denial rate+23.59 pts vs state
52.2%Decision denial rate+29.17 pts vs state
37.5%Origination rate-18.23 pts vs state
7.75%Median rate+1.00 pts vs state
0.47Rate spread (pts)+0.18 pts vs state
$155kMedian applicant income
449Loans originated
495Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,32240342.5%8.50%#48
20241,23538943.9%9.00%#51
20251,19944941.3%7.75%#60

What Pentagon Federal Credit Union lends in New Jersey

By loan purpose

Home purchase 218 18% · 39.0% denied
Refinance 237 20% · 37.6% denied
Cash-out refinance 94 8% · 58.5% denied
Home improvement 418 35% · 36.4% denied
Other / HELOC 232 19% · 49.1% denied

By loan type

Conventional 1,096 91% · 40.6% denied
FHA 49 4% · 69.4% denied
VA 54 5% · 29.6% denied

Why it denied New Jersey applicants

Debt-to-income ratio 160 32%
Credit history 137 28%
Other 110 22%
Collateral 69 14%
Unverifiable information 13 3%
Insufficient cash 5 1%
Employment history 1 0%

Where in New Jersey

Counties with the most Pentagon Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 1505266 44.0%
Bergen County 1084346 42.6%
Monmouth County 1064249 46.2%
Burlington County 873332 36.8%
Ocean County 874428 32.2%
Essex County 822339 47.6%
Morris County 782928 35.9%
Union County 692620 29.0%
Mercer County 652523 35.4%
Camden County 623122 35.5%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 1,199 applications in 2025, of which 449 were originated and 495 denied.

41.3% of all applications, or 52.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Pentagon Federal Credit Union originated in New Jersey in 2025 was 7.75%, against a statewide median of 6.75%.

About this data. Figures are Pentagon Federal Credit Union'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