Largest lenders in Essex County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Citizens Bank | C | 1,012 | 569 | 31.9% | 7.40% |
| 2 | Crosscountry Mortgage | B | 924 | 543 | 6.8% | 6.75% |
| 3 | Bank of America | F | 908 | 362 | 35.1% | 5.99% |
| 4 | United Shore Financial Services | B | 883 | 530 | 22.9% | 6.38% |
| 5 | Rocket Mortgage | C | 860 | 586 | 20.8% | 6.75% |
| 6 | Guaranteed Rate | B | 853 | 458 | 3.9% | 6.39% |
| 7 | TD Bank | D | 737 | 386 | 26.2% | 7.19% |
| 8 | PNC Bank | D | 596 | 245 | 35.4% | 7.75% |
| 9 | JPMorgan Chase Bank | B | 529 | 311 | 9.3% | 6.38% |
| 10 | Newrez | D | 488 | 129 | 26.2% | 6.75% |
| 11 | Loandepot.Com | D | 428 | 251 | 17.8% | 6.63% |
| 12 | Pennymac Loan Services | C | 399 | 151 | 14.3% | 6.62% |
| 13 | Spring Eq | D | 347 | 78 | 55.0% | 9.16% |
| 14 | Manufacturers and Traders Trust | C | 327 | 171 | 36.4% | 5.99% |
| 15 | Broker Solutions | D | 326 | 96 | 9.8% | 6.88% |
| 16 | Valley National Bank | B | 321 | 202 | 24.6% | 6.49% |
| 17 | Loan Funder | F | 310 | 174 | 9.0% | 10.25% |
| 18 | Freedom Mortgage | B | 291 | 86 | 12.0% | 6.25% |
| 19 | Paramount Residential Mortgage Group | B | 281 | 172 | 5.3% | 6.50% |
| 20 | Movement Mortgage | A | 262 | 160 | 11.5% | 6.56% |
| 21 | Navy Federal Credit Union | D | 248 | 83 | 32.3% | 8.35% |
| 22 | Coastal Community Bank | C | 240 | 51 | 0.8% | 9.99% |
| 23 | Provident Bank | C | 239 | 134 | 23.4% | 6.39% |
| 24 | CMG Mortgage | A | 235 | 105 | 8.9% | 6.56% |
| 25 | Citibank | B | 230 | 103 | 13.5% | 5.88% |
Best approval odds in Essex County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Constructive Loans | 145 | 0.7% |
| 2 | Coastal Community Bank | 173 | 1.2% |
| 3 | Citadel Servicing | 58 | 1.7% |
| 4 | Embrace Home Loans | 86 | 2.3% |
| 5 | Morgan Stanley Private Bank | 67 | 3.0% |
| 6 | Velocity Commercial Capital | 59 | 3.4% |
| 7 | Luminate Bank | 154 | 3.9% |
| 8 | American Neighborhood Mortgage Acceptance Company | 66 | 4.6% |
| 9 | NJ Lenders | 115 | 6.1% |
| 10 | Guaranteed Rate | 508 | 6.5% |
What Essex County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Essex County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 19,416 | 9,352 | 23.3% | 6.99% | $345,000 |
| 2024 | 21,179 | 10,443 | 22.6% | 6.99% | $375,000 |
| 2025 | 22,903 | 11,652 | 19.3% | 6.75% | $405,000 |
Frequently asked questions
19.3% of applications in Essex County were denied in 2025, against 17.7% statewide in New Jersey.
Citizens Bank, with 1,012 applications in 2025 and a denial rate of 31.9%.
The median mortgage application in Essex County in 2025 was for $405,000; the median property value on originated loans was $740,000.