Residential Home Mortgage in New Jersey vs the state
4.7%Denial rate-13.04 pts vs state
5.2%Decision denial rate-17.86 pts vs state
84.9%Origination rate+29.20 pts vs state
6.50%Median rate-0.25 pts vs state
0.15Rate spread (pts)-0.13 pts vs state
$180kMedian applicant income
73Loans originated
4Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 77 | 61 | 2.6% | 6.38% | #272 |
| 2024 | 89 | 73 | 4.5% | 6.63% | #270 |
| 2025 | 86 | 73 | 4.7% | 6.50% | #285 |
What Residential Home 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 Residential Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 12 | 8 | 1 | 8.3% |
| Hunterdon County | 11 | 9 | 0 | 0.0% |
| Warren County | 9 | 9 | 0 | 0.0% |
| Middlesex County | 8 | 6 | 0 | 0.0% |
| Monmouth County | 7 | 6 | 1 | 14.3% |
| Morris County | 7 | 6 | 0 | 0.0% |
| Somerset County | 6 | 5 | 1 | 16.7% |
| Sussex County | 5 | 5 | 0 | 0.0% |
| Burlington County | 5 | 4 | 1 | 20.0% |
| Passaic County | 3 | 3 | 0 | 0.0% |
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: 86 applications in 2025, of which 73 were originated and 4 denied.
4.7% of all applications, or 5.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Residential Home Mortgage originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Residential 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