T2 Financial in New Jersey vs the state
11.4%Denial rate-6.26 pts vs state
13.8%Decision denial rate-9.26 pts vs state
65.7%Origination rate+10.03 pts vs state
6.75%Median rate0.00 pts vs state
0.45Rate spread (pts)+0.17 pts vs state
$130kMedian applicant income
23Loans originated
4Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 45 | 32 | 4.4% | 7.06% | #346 |
| 2024 | 62 | 50 | 4.8% | 6.99% | #321 |
| 2025 | 35 | 23 | 11.4% | 6.75% | #391 |
What T2 Financial lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Camden County | 5 | 5 | 0 | 0.0% |
| Somerset County | 4 | 3 | 0 | 0.0% |
| Morris County | 4 | 2 | 0 | 0.0% |
| Middlesex County | 3 | 2 | 0 | 0.0% |
| Essex County | 3 | 3 | 0 | 0.0% |
| Union County | 2 | 1 | 1 | 50.0% |
| Sussex County | 2 | 1 | 0 | 0.0% |
| Mercer County | 2 | 0 | 1 | 50.0% |
| Warren County | 2 | 1 | 1 | 50.0% |
| Ocean County | 2 | 0 | 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: 35 applications in 2025, of which 23 were originated and 4 denied.
11.4% of all applications, or 13.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans T2 Financial originated in New Jersey in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are T2 Financial'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