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Union County, New Jersey · 2025

Mortgage lenders in Union County, NJ: denial rates and top lenders (2025)

453 lenders acted on 16,318 mortgage applications for properties in Union County in 2025. 18.8% were denied (New Jersey: 17.7%). Median rate on closed loans 6.74%; median loan $385,000; median property value $685,000.

16kApplications
18.8%Denial ratestate 17.7%
6.74%Median ratestate 6.75%
$385,000Median loan
$685,000Median property value

Largest lenders in Union County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Bank of America F 822375 29.3%5.99%
2 Citizens Bank C 769453 31.7%7.40%
3 Rocket Mortgage C 719527 17.1%6.88%
4 United Shore Financial Services B 611406 16.2%6.38%
5 TD Bank D 571302 28.7%7.34%
6 Crosscountry Mortgage B 547316 7.1%6.63%
7 Guaranteed Rate B 453236 6.2%6.50%
8 PNC Bank D 443242 27.1%7.75%
9 Newrez D 39797 24.4%6.99%
10 JPMorgan Chase Bank B 359217 10.6%6.38%
11 Pennymac Loan Services C 347169 15.9%6.50%
12 Loandepot.Com D 288192 15.6%6.75%
13 Spring Eq D 28780 53.7%9.23%
14 Guaranteed Rate Affinity A 249166 1.2%6.55%
15 Freedom Mortgage B 24681 8.5%6.25%
16 Affinity C 236126 27.5%4.90%
17 Broker Solutions D 22571 9.3%6.75%
18 Paramount Residential Mortgage Group B 219144 5.0%6.50%
19 CMG Mortgage A 209123 6.7%6.75%
20 Coastal Community Bank C 20232 1.5%10.49%
21 Wells Fargo Bank B 188101 13.3%6.00%
22 Navy Federal Credit Union D 18360 38.3%7.75%
23 Manufacturers and Traders Trust C 18289 35.7%5.99%
24 Provident Bank C 169102 20.1%6.56%
25 Valley National Bank B 165104 21.2%6.49%

Best approval odds in Union County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Nationwide Mortgage Bankers610.0%
2Absolute Home Mortgage560.0%
3Guaranteed Rate Affinity1711.8%
4Coastal Community Bank1312.3%
5Union Home Mortgage673.0%
6Mlb Residential Lending633.2%
7Embrace Home Loans533.8%
8OceanFirst Bank545.6%
9Paramount Residential Mortgage Group1567.1%
10NJ Lenders527.7%

What Union County borrowers applied for

By loan purpose

Home purchase 6,051 37% · 8.7% denied
Refinance 2,674 16% · 15.2% denied
Cash-out refinance 3,295 20% · 20.9% denied
Home improvement 2,141 13% · 33.6% denied
Other / HELOC 2,157 13% · 33.3% denied

By loan type

Conventional 13,646 84% · 19.1% denied
FHA 2,293 14% · 17.7% denied
VA 370 2% · 14.3% denied
USDA / RHS 9 0% · 11.1% denied

Why applications were denied

Debt-to-income ratio 1,238 41%
Credit history 621 20%
Incomplete application 388 13%
Collateral 349 11%
Other 235 8%
Unverifiable information 98 3%
Insufficient cash 87 3%
Employment history 28 1%
Mortgage insurance denied 1 0%

Union County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202314,3847,26223.7%6.88%$335,000
202414,9037,69222.1%6.99%$345,000
202516,3188,65618.8%6.74%$385,000

Frequently asked questions

18.8% of applications in Union County were denied in 2025, against 17.7% statewide in New Jersey.

Bank of America, with 822 applications in 2025 and a denial rate of 29.3%.

The median mortgage application in Union County in 2025 was for $385,000; the median property value on originated loans was $685,000.