Princeton Federal Credit Union · New Jersey · 2025

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

Princeton Federal Credit Union took 315 mortgage applications in New Jersey in 2025, ranking #161 of 883 lenders active in the state. It originated 50.2% of them and denied 4.8% (8.3% of the applications it decided), against a statewide denial rate of 17.7%.

315Applicationsin NJ
8.3%Decision denial ratestate 23.1%
5.99%Median ratestate 6.75%
$155,000Median loanstate $295,000
$31MVolume17 counties

Princeton Federal Credit Union in New Jersey vs the state

4.8%Denial rate-12.93 pts vs state
8.3%Decision denial rate-14.72 pts vs state
50.2%Origination rate-5.52 pts vs state
5.99%Median rate-0.76 pts vs state
0.00Rate spread (pts)-0.28 pts vs state
$183kMedian applicant income
158Loans originated
15Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023141924.3%4.99%#211
20241981505.1%4.99%#195
20253151584.8%5.99%#161

What Princeton Federal Credit Union lends in New Jersey

By loan purpose

Home purchase 94 30% · 11.7% denied
Refinance 8 3% · 0.0% denied
Cash-out refinance 6 2% · 16.7% denied
Home improvement 39 12% · 2.6% denied
Other / HELOC 168 53% · 1.2% denied

By loan type

Conventional 315 100% · 4.8% denied

Why it denied New Jersey applicants

Debt-to-income ratio 12 80%
Credit history 2 13%
Other 1 7%

Where in New Jersey

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

CountyApplicationsOriginatedDeniedDenial rate
Mercer County 75600 0.0%
Middlesex County 22180 0.0%
Burlington County 15110 0.0%
Monmouth County 14130 0.0%
Somerset County 14110 0.0%
Union County 1190 0.0%
Essex County 861 12.5%
Bergen County 750 0.0%
Ocean County 550 0.0%
Morris County 431 25.0%

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: 315 applications in 2025, of which 158 were originated and 15 denied.

4.8% of all applications, or 8.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Princeton Federal Credit Union originated in New Jersey in 2025 was 5.99%, against a statewide median of 6.75%.

About this data. Figures are Princeton 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