Tomo Mortgage in New Jersey vs the state
7.2%Denial rate-10.53 pts vs state
18.8%Decision denial rate-4.22 pts vs state
30.8%Origination rate-24.85 pts vs state
6.38%Median rate-0.38 pts vs state
-0.27Rate spread (pts)-0.55 pts vs state
$205kMedian applicant income
181Loans originated
42Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 156 | 49 | 5.1% | 6.38% | #216 |
| 2025 | 587 | 181 | 7.2% | 6.38% | #101 |
What Tomo 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 Tomo Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 69 | 26 | 7 | 10.1% |
| Hudson County | 61 | 6 | 5 | 8.2% |
| Middlesex County | 61 | 19 | 3 | 4.9% |
| Morris County | 57 | 23 | 4 | 7.0% |
| Essex County | 45 | 16 | 2 | 4.4% |
| Monmouth County | 42 | 8 | 5 | 11.9% |
| Somerset County | 39 | 12 | 3 | 7.7% |
| Mercer County | 38 | 8 | 2 | 5.3% |
| Camden County | 30 | 7 | 3 | 10.0% |
| Burlington County | 28 | 9 | 2 | 7.1% |
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: 587 applications in 2025, of which 181 were originated and 42 denied.
7.2% 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 Tomo Mortgage originated in New Jersey in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are Tomo 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