Velocity Commercial Capital in New Jersey vs the state
0.3%Denial rate-17.38 pts vs state
0.5%Decision denial rate-22.55 pts vs state
62.2%Origination rate+6.52 pts vs state
9.99%Median rate+3.24 pts vs state
—Rate spread (pts)
—Median applicant income
395Loans originated
2Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 350 | 181 | 0.9% | 10.99% | #120 |
| 2024 | 464 | 261 | 0.7% | 10.74% | #107 |
| 2025 | 635 | 395 | 0.3% | 9.99% | #97 |
What Velocity Commercial Capital lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Velocity Commercial Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 84 | 56 | 2 | 2.4% |
| Camden County | 64 | 41 | 0 | 0.0% |
| Passaic County | 63 | 44 | 0 | 0.0% |
| Mercer County | 62 | 40 | 0 | 0.0% |
| Union County | 51 | 32 | 0 | 0.0% |
| Bergen County | 45 | 22 | 0 | 0.0% |
| Hudson County | 38 | 22 | 0 | 0.0% |
| Middlesex County | 34 | 17 | 0 | 0.0% |
| Burlington County | 29 | 19 | 0 | 0.0% |
| Monmouth County | 25 | 13 | 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: 635 applications in 2025, of which 395 were originated and 2 denied.
0.3% of all applications, or 0.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Velocity Commercial Capital originated in New Jersey in 2025 was 9.99%, against a statewide median of 6.75%.
About this data. Figures are Velocity Commercial Capital'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