Princeton Mortgage · New Jersey · 2025

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

Princeton Mortgage took 193 mortgage applications in New Jersey in 2025, ranking #203 of 883 lenders active in the state. It originated 51.3% of them and denied 13.0% (18.8% of the applications it decided), against a statewide denial rate of 17.7%.

193Applicationsin NJ
18.8%Decision denial ratestate 23.1%
6.63%Median ratestate 6.75%
$335,000Median loanstate $295,000
$35MVolume20 counties

Princeton Mortgage in New Jersey vs the state

13.0%Denial rate-4.74 pts vs state
18.8%Decision denial rate-4.25 pts vs state
51.3%Origination rate-4.38 pts vs state
6.63%Median rate-0.13 pts vs state
0.21Rate spread (pts)-0.07 pts vs state
$117kMedian applicant income
99Loans originated
25Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231487511.5%6.99%#205
20241719410.5%6.69%#210
20251939913.0%6.63%#203

What Princeton Mortgage lends in New Jersey

By loan purpose

Home purchase 123 64% · 15.5% denied
Refinance 27 14% · 3.7% denied
Cash-out refinance 40 21% · 12.5% denied
Home improvement 3 2% · 0.0% denied

By loan type

Conventional 152 79% · 11.2% denied
FHA 37 19% · 21.6% denied
VA 4 2% · 0.0% denied

Why it denied New Jersey applicants

Debt-to-income ratio 10 40%
Unverifiable information 5 20%
Other 5 20%
Credit history 3 12%
Collateral 1 4%
Insufficient cash 1 4%

Where in New Jersey

Counties with the most Princeton Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Mercer County 41207 17.1%
Burlington County 29154 13.8%
Warren County 25195 20.0%
Camden County 1480 0.0%
Sussex County 1342 15.4%
Gloucester County 1372 15.4%
Atlantic County 1242 16.7%
Monmouth County 860 0.0%
Morris County 621 16.7%
Ocean County 620 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: 193 applications in 2025, of which 99 were originated and 25 denied.

13.0% of all applications, or 18.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Princeton Mortgage originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Princeton 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