PGIM Real Estate Finance · New Jersey · 2025

PGIM Real Estate Finance in New Jersey: approval rate, denial rate and rates (2025)

PGIM Real Estate Finance took 13 mortgage applications in New Jersey in 2025, ranking #507 of 883 lenders active in the state. It originated 100.0% of them and denied 0.0% (0.0% of the applications it decided), against a statewide denial rate of 17.7%.

13Applicationsin NJ
0.0%Decision denial ratestate 23.1%
5.97%Median ratestate 6.75%
$50,005,000Median loanstate $295,000
$853MVolume8 counties

PGIM Real Estate Finance in New Jersey vs the state

0.0%Denial rate-17.69 pts vs state
0.0%Decision denial rate-23.05 pts vs state
100.0%Origination rate+44.32 pts vs state
5.97%Median rate-0.78 pts vs state
Rate spread (pts)
Median applicant income
13Loans originated
0Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024550.0%5.88%#589
202513130.0%5.97%#507

What PGIM Real Estate Finance lends in New Jersey

By loan purpose

Home purchase 2 15% · 0.0% denied
Refinance 9 69% · 0.0% denied
Home improvement 2 15% · 0.0% denied

By loan type

Conventional 13 100% · 0.0% denied

Where in New Jersey

Counties with the most PGIM Real Estate Finance applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 330 0.0%
Essex County 220 0.0%
Bergen County 220 0.0%
Somerset County 220 0.0%
Monmouth County 110 0.0%
Union County 110 0.0%
Morris County 110 0.0%
Burlington County 110 0.0%

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: 13 applications in 2025, of which 13 were originated and 0 denied.

0.0% of all applications, or 0.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans PGIM Real Estate Finance originated in New Jersey in 2025 was 5.97%, against a statewide median of 6.75%.

About this data. Figures are PGIM Real Estate Finance'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