PHH Mortgage in New Jersey vs the state
8.3%Denial rate-9.38 pts vs state
19.5%Decision denial rate-3.59 pts vs state
33.8%Origination rate-21.87 pts vs state
6.25%Median rate-0.50 pts vs state
0.14Rate spread (pts)-0.14 pts vs state
$118kMedian applicant income
236Loans originated
58Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 304 | 118 | 23.4% | 6.98% | #133 |
| 2024 | 510 | 142 | 15.7% | 6.63% | #103 |
| 2025 | 698 | 236 | 8.3% | 6.25% | #94 |
What PHH Mortgage lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most PHH Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 62 | 15 | 4 | 6.5% |
| Ocean County | 62 | 29 | 5 | 8.1% |
| Bergen County | 60 | 20 | 8 | 13.3% |
| Burlington County | 57 | 18 | 4 | 7.0% |
| Monmouth County | 56 | 26 | 4 | 7.1% |
| Camden County | 48 | 17 | 2 | 4.2% |
| Essex County | 45 | 15 | 5 | 11.1% |
| Union County | 40 | 14 | 2 | 5.0% |
| Somerset County | 37 | 14 | 3 | 8.1% |
| Passaic County | 30 | 9 | 3 | 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: 698 applications in 2025, of which 236 were originated and 58 denied.
8.3% of all applications, or 19.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans PHH Mortgage originated in New Jersey in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are PHH Mortgage'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