Wells Fargo Bank in New Jersey vs the state
14.7%Denial rate-3.02 pts vs state
20.6%Decision denial rate-2.44 pts vs state
56.3%Origination rate+0.64 pts vs state
6.25%Median rate-0.50 pts vs state
-0.08Rate spread (pts)-0.36 pts vs state
$166kMedian applicant income
1,716Loans originated
447Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,522 | 2,338 | 20.9% | 6.00% | #10 |
| 2024 | 3,370 | 1,658 | 19.0% | 6.25% | #18 |
| 2025 | 3,047 | 1,716 | 14.7% | 6.25% | #21 |
What Wells Fargo Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 353 | 197 | 47 | 13.3% |
| Ocean County | 326 | 218 | 43 | 13.2% |
| Monmouth County | 288 | 173 | 31 | 10.8% |
| Middlesex County | 239 | 110 | 49 | 20.5% |
| Essex County | 223 | 122 | 33 | 14.8% |
| Morris County | 204 | 115 | 30 | 14.7% |
| Union County | 188 | 101 | 25 | 13.3% |
| Camden County | 157 | 67 | 40 | 25.5% |
| Hudson County | 145 | 65 | 17 | 11.7% |
| Burlington County | 138 | 79 | 17 | 12.3% |
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: 3,047 applications in 2025, of which 1,716 were originated and 447 denied.
14.7% of all applications, or 20.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Wells Fargo Bank originated in New Jersey in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Wells Fargo Bank'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