PFN Lending Group in New Jersey vs the state
16.7%Denial rate-1.02 pts vs state
28.6%Decision denial rate+5.52 pts vs state
41.7%Origination rate-14.01 pts vs state
7.06%Median rate+0.31 pts vs state
0.87Rate spread (pts)+0.59 pts vs state
$170kMedian applicant income
20Loans originated
8Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 28 | 12 | 10.7% | 7.38% | #408 |
| 2024 | 37 | 21 | 21.6% | 7.25% | #376 |
| 2025 | 48 | 20 | 16.7% | 7.06% | #362 |
What PFN Lending Group lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most PFN Lending Group applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 11 | 4 | 2 | 18.2% |
| Monmouth County | 9 | 5 | 1 | 11.1% |
| Essex County | 9 | 5 | 0 | 0.0% |
| Hudson County | 5 | 0 | 2 | 40.0% |
| Middlesex County | 4 | 3 | 0 | 0.0% |
| Atlantic County | 3 | 2 | 1 | 33.3% |
| Union County | 2 | 0 | 0 | 0.0% |
| Mercer County | 2 | 0 | 1 | 50.0% |
| Gloucester County | 1 | 0 | 1 | 100.0% |
| Camden County | 1 | 1 | 0 | 0.0% |
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: 48 applications in 2025, of which 20 were originated and 8 denied.
16.7% of all applications, or 28.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans PFN Lending Group originated in New Jersey in 2025 was 7.06%, against a statewide median of 6.75%.
About this data. Figures are PFN Lending Group'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