Plaza Home Mortgage · New Jersey · 2025

Plaza Home Mortgage in New Jersey: approval rate, denial rate and rates (2025)

Plaza Home Mortgage took 542 mortgage applications in New Jersey in 2025, ranking #110 of 883 lenders active in the state. It originated 52.8% of them and denied 34.7% (38.7% of the applications it decided), against a statewide denial rate of 17.7%.

542Applicationsin NJ
38.7%Decision denial ratestate 23.1%
6.88%Median ratestate 6.75%
$385,000Median loanstate $295,000
$128MVolume21 counties

Plaza Home Mortgage in New Jersey vs the state

34.7%Denial rate+17.00 pts vs state
38.7%Decision denial rate+15.63 pts vs state
52.8%Origination rate-2.91 pts vs state
6.88%Median rate+0.13 pts vs state
0.51Rate spread (pts)+0.23 pts vs state
$139kMedian applicant income
286Loans originated
188Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
202370842611.4%6.75%#72
202474341422.8%6.99%#77
202554228634.7%6.88%#110

What Plaza Home Mortgage lends in New Jersey

By loan purpose

Home purchase 303 56% · 31.7% denied
Refinance 54 10% · 50.0% denied
Cash-out refinance 185 34% · 35.1% denied

By loan type

Conventional 381 70% · 32.0% denied
FHA 145 27% · 39.3% denied
VA 16 3% · 56.3% denied

Why it denied New Jersey applicants

Other 90 48%
Unverifiable information 39 21%
Debt-to-income ratio 23 12%
Collateral 16 9%
Credit history 12 6%
Insufficient cash 7 4%
Employment history 1 1%

Where in New Jersey

Counties with the most Plaza Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bergen County 844627 32.1%
Ocean County 473113 27.7%
Middlesex County 452516 35.6%
Essex County 422412 28.6%
Monmouth County 412412 29.3%
Passaic County 401917 42.5%
Hudson County 321311 34.4%
Camden County 28159 32.1%
Gloucester County 25146 24.0%
Burlington County 25119 36.0%

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: 542 applications in 2025, of which 286 were originated and 188 denied.

34.7% of all applications, or 38.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Plaza Home Mortgage originated in New Jersey in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are Plaza Home 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