Largest lenders in Monmouth County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 1,342 | 1,016 | 15.3% | 6.99% |
| 2 | Bank of America | F | 1,248 | 605 | 25.2% | 6.00% |
| 3 | Citizens Bank | C | 1,245 | 770 | 27.8% | 7.15% |
| 4 | Crosscountry Mortgage | B | 1,190 | 780 | 5.0% | 6.75% |
| 5 | TD Bank | D | 1,086 | 610 | 24.9% | 7.34% |
| 6 | PNC Bank | D | 887 | 497 | 25.9% | 8.00% |
| 7 | United Shore Financial Services | B | 760 | 531 | 12.0% | 6.49% |
| 8 | Advisors Mortgage Group | B | 655 | 518 | 3.7% | 6.63% |
| 9 | Loandepot.Com | D | 605 | 406 | 16.4% | 6.88% |
| 10 | JPMorgan Chase Bank | B | 567 | 349 | 11.1% | 6.49% |
| 11 | Guaranteed Rate | B | 548 | 334 | 5.3% | 6.58% |
| 12 | Newrez | D | 548 | 159 | 19.5% | 7.13% |
| 13 | Pennymac Loan Services | C | 530 | 291 | 11.5% | 6.62% |
| 14 | Manasquan Bank | C | 447 | 352 | 9.0% | 7.13% |
| 15 | Spring Eq | D | 395 | 133 | 49.4% | 8.63% |
| 16 | CMG Mortgage | A | 330 | 179 | 6.4% | 6.75% |
| 17 | Coastal Community Bank | C | 322 | 54 | 1.2% | 10.24% |
| 18 | OceanFirst Bank | A | 302 | 226 | 8.3% | 6.56% |
| 19 | Discover Bank | F | 291 | 50 | 51.9% | 8.54% |
| 20 | U.S. Bank | D | 291 | 162 | 22.3% | 6.63% |
| 21 | Wells Fargo Bank | B | 288 | 173 | 10.8% | 6.25% |
| 22 | Figure Lending | C | 256 | 120 | 25.8% | 9.41% |
| 23 | Navy Federal Credit Union | D | 246 | 110 | 22.0% | 7.95% |
| 24 | Sofi Bank | D | 238 | 83 | 12.2% | 7.63% |
| 25 | Broker Solutions | D | 236 | 77 | 7.2% | 6.93% |
Best approval odds in Monmouth County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Citadel Servicing | 58 | 0.0% |
| 2 | Skyrock Mortgage | 57 | 0.0% |
| 3 | FM Home Loans | 146 | 0.7% |
| 4 | Paramount Residential Mortgage Group | 114 | 0.9% |
| 5 | Luminate Bank | 74 | 1.4% |
| 6 | NJ Lenders | 68 | 1.5% |
| 7 | Absolute Home Mortgage | 120 | 1.7% |
| 8 | Coastal Community Bank | 225 | 1.8% |
| 9 | American Neighborhood Mortgage Acceptance Company | 164 | 1.8% |
| 10 | Guaranteed Rate Affinity | 90 | 2.2% |
What Monmouth County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Monmouth County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 21,187 | 11,533 | 21.3% | 7.00% | $275,000 |
| 2024 | 23,506 | 13,216 | 19.1% | 7.00% | $305,000 |
| 2025 | 26,420 | 15,464 | 16.5% | 6.75% | $355,000 |
Frequently asked questions
16.5% of applications in Monmouth County were denied in 2025, against 17.7% statewide in New Jersey.
Rocket Mortgage, with 1,342 applications in 2025 and a denial rate of 15.3%.
The median mortgage application in Monmouth County in 2025 was for $355,000; the median property value on originated loans was $765,000.