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Essex County, New Jersey
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Essex County, New Jersey, saw 21,179 HMDA-reported applications and 10,443 originations ($5.3bn) in 2024.
That is 32.7 originations per 1,000 households, against 44.7 for New Jersey and 48.0 nationally.
The county's denial rate was 30.0%, above the state rate of 26.0%. The median rate spread on originated loans was 0.4 percentage points and 16.7% of originations were 1.5 points or more above the average prime offer rate.
132 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (544), CBNA Year to Date (473) and Crosscountry Mortgage, LLC (468).
Originations were up 12% on 2023.
Most active lenders
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 132. Denial rate is denials over decided applications in this county.
Compared with New Jersey and the nation
| Measure | This county | New Jersey | United States |
|---|---|---|---|
| Denial rate | 30.0% | 26.0% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.7% | 17.7% | 15.6% |
| Average originated loan | $509k | $387k | $329k |
| Originations per 1,000 households | 32.7 | 44.7 | 48.0 |
| Home purchase share of originations | 51.6% | 51.0% | 57.0% |
| FHA-insured share | 14.0% | 11.2% | 13.4% |
| VA-guaranteed share | 1.5% | 2.9% | 7.9% |
Rate spread distribution
Share of 8,352 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: New Jersey). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 52% (5,393)Home improvement 11% (1,105)Refinancing 14% (1,424)Cash-out refinancing 15% (1,593)Other purpose 9% (918)
By type
Conventional 84% (8,814)FHA 14% (1,463)VA 2% (161)USDA 0% (5)
Trend by year
ApplicationsOriginations
This countyNew Jersey
Questions and answers
Which lenders are most active in Essex County, NJ?
By 2024 originations: Rocket Mortgage (544), CBNA Year to Date (473), Crosscountry Mortgage, LLC (468), United Wholesale Mortgage (464), Guaranteed Rate, Inc. (440). 132 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Essex County?
30.0% of decided applications were denied in 2024, against 26.0% across New Jersey and 24.3% nationally.
How many mortgages were originated in Essex County in 2024?
10,443 loans totalling $5.3bn, from 21,179 applications; 32.7 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 34013; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.