Veritas Funding in New Jersey vs the state
10.7%Denial rate-6.98 pts vs state
24.3%Decision denial rate+1.27 pts vs state
29.8%Origination rate-25.92 pts vs state
6.13%Median rate-0.63 pts vs state
0.34Rate spread (pts)+0.05 pts vs state
$90kMedian applicant income
25Loans originated
9Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 55 | 13 | 3.6% | 7.13% | #324 |
| 2024 | 73 | 26 | 4.1% | 6.25% | #296 |
| 2025 | 84 | 25 | 10.7% | 6.13% | #288 |
What Veritas Funding lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Veritas Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burlington County | 11 | 4 | 1 | 9.1% |
| Ocean County | 10 | 3 | 1 | 10.0% |
| Essex County | 8 | 2 | 2 | 25.0% |
| Mercer County | 7 | 1 | 1 | 14.3% |
| Hudson County | 5 | 1 | 3 | 60.0% |
| Monmouth County | 5 | 1 | 0 | 0.0% |
| Camden County | 5 | 3 | 0 | 0.0% |
| Middlesex County | 5 | 3 | 0 | 0.0% |
| Gloucester County | 5 | 1 | 0 | 0.0% |
| Passaic County | 4 | 1 | 1 | 25.0% |
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: 84 applications in 2025, of which 25 were originated and 9 denied.
10.7% of all applications, or 24.3% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Veritas Funding originated in New Jersey in 2025 was 6.13%, against a statewide median of 6.75%.
About this data. Figures are Veritas Funding'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