Largest lenders in Mercer County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 801 | 577 | 14.7% | 6.63% |
| 2 | Citizens Bank | C | 634 | 389 | 25.6% | 7.40% |
| 3 | PNC Bank | D | 595 | 319 | 25.7% | 7.75% |
| 4 | Bank of America | F | 495 | 220 | 28.5% | 6.13% |
| 5 | United Shore Financial Services | B | 460 | 319 | 13.9% | 6.25% |
| 6 | TD Bank | D | 371 | 191 | 25.3% | 7.34% |
| 7 | Crosscountry Mortgage | B | 294 | 189 | 4.1% | 6.75% |
| 8 | Lennar Mortgage | A | 248 | 194 | 4.0% | 5.25% |
| 9 | JPMorgan Chase Bank | B | 242 | 146 | 9.5% | 6.49% |
| 10 | Loan Funder | F | 242 | 165 | 3.7% | 7.70% |
| 11 | Credit Union of New Jersey, a Federal Credit Union | F | 236 | 96 | 50.0% | 7.99% |
| 12 | Mld Mortgage | A | 207 | 145 | 7.3% | 6.38% |
| 13 | Newrez | D | 198 | 53 | 23.2% | 7.13% |
| 14 | Pennymac Loan Services | C | 196 | 85 | 13.8% | 6.50% |
| 15 | Loandepot.Com | D | 173 | 116 | 16.2% | 6.63% |
| 16 | Champions Funding | F | 172 | 126 | 18.0% | 7.38% |
| 17 | Guaranteed Rate | B | 166 | 76 | 7.2% | 6.63% |
| 18 | CMG Mortgage | A | 166 | 96 | 5.4% | 6.75% |
| 19 | Kiavi Funding | D | 165 | 117 | 9.7% | 9.70% |
| 20 | Freedom Mortgage | B | 147 | 43 | 11.6% | 6.38% |
| 21 | Broker Solutions | D | 144 | 46 | 9.7% | 6.50% |
| 22 | Wells Fargo Bank | B | 134 | 73 | 14.2% | 6.25% |
| 23 | U.S. Bank | D | 132 | 90 | 18.2% | 6.63% |
| 24 | Navy Federal Credit Union | D | 128 | 51 | 25.0% | 7.90% |
| 25 | Coastal Community Bank | C | 123 | 20 | 0.8% | 10.49% |
Best approval odds in Mercer County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Princeton Federal Credit Union | 63 | 0.0% |
| 2 | Coastal Community Bank | 89 | 1.1% |
| 3 | Prosperity Home Mortgage | 56 | 1.8% |
| 4 | Fairway Independent Mortgage | 92 | 2.2% |
| 5 | K. Hovnanian American Mortgage | 64 | 3.1% |
| 6 | Lennar Mortgage | 204 | 4.9% |
| 7 | Loan Funder | 174 | 5.2% |
| 8 | Crosscountry Mortgage | 207 | 5.8% |
| 9 | OceanFirst Bank | 101 | 6.9% |
| 10 | Pulte Mortgage | 72 | 6.9% |
What Mercer County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Mercer County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 9,599 | 5,263 | 19.5% | 7.00% | $215,000 |
| 2024 | 11,391 | 6,377 | 18.4% | 6.99% | $235,000 |
| 2025 | 12,902 | 7,367 | 16.4% | 6.75% | $255,000 |
Frequently asked questions
16.4% of applications in Mercer County were denied in 2025, against 17.7% statewide in New Jersey.
Rocket Mortgage, with 801 applications in 2025 and a denial rate of 14.7%.
The median mortgage application in Mercer County in 2025 was for $255,000; the median property value on originated loans was $465,000.