Prosperity Home Mortgage · New Jersey · 2025

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

Prosperity Home Mortgage took 1,469 mortgage applications in New Jersey in 2025, ranking #49 of 883 lenders active in the state. It originated 72.2% of them and denied 4.6% (6.0% of the applications it decided), against a statewide denial rate of 17.7%.

1.5kApplicationsin NJ
6.0%Decision denial ratestate 23.1%
6.63%Median ratestate 6.75%
$355,000Median loanstate $295,000
$436MVolume21 counties

Prosperity Home Mortgage in New Jersey vs the state

4.6%Denial rate-13.06 pts vs state
6.0%Decision denial rate-17.04 pts vs state
72.2%Origination rate+16.48 pts vs state
6.63%Median rate-0.13 pts vs state
0.25Rate spread (pts)-0.03 pts vs state
$144kMedian applicant income
1,060Loans originated
68Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,5231,01010.0%6.75%#40
20241,4381,0666.1%6.75%#45
20251,4691,0604.6%6.63%#49

What Prosperity Home Mortgage lends in New Jersey

By loan purpose

Home purchase 1,202 82% · 3.4% denied
Refinance 145 10% · 10.3% denied
Cash-out refinance 71 5% · 8.5% denied
Home improvement 8 1% · 25.0% denied
Other / HELOC 43 3% · 9.3% denied

By loan type

Conventional 1,202 82% · 3.2% denied
FHA 211 14% · 13.3% denied
VA 56 4% · 1.8% denied

Why it denied New Jersey applicants

Debt-to-income ratio 38 56%
Collateral 13 19%
Credit history 7 10%
Insufficient cash 5 7%
Unverifiable information 3 4%
Other 2 3%

Where in New Jersey

Counties with the most Prosperity Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Camden County 1981519 4.5%
Burlington County 1901516 3.2%
Atlantic County 1751249 5.1%
Gloucester County 1511177 4.6%
Cape May County 141993 2.1%
Ocean County 87642 2.3%
Monmouth County 87566 6.9%
Mercer County 79551 1.3%
Middlesex County 67426 9.0%
Cumberland County 48325 10.4%

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: 1,469 applications in 2025, of which 1,060 were originated and 68 denied.

4.6% of all applications, or 6.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

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

About this data. Figures are Prosperity 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