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Ocean 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.
Ocean County, New Jersey, saw 26,012 HMDA-reported applications and 14,893 originations ($5.1bn) in 2024.
That is 61.1 originations per 1,000 households, against 44.7 for New Jersey and 48.0 nationally.
The county's denial rate was 23.8%, below the state rate of 26.0%. The median rate spread on originated loans was 0.5 percentage points and 20.0% of originations were 1.5 points or more above the average prime offer rate.
126 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (1,008), TD Bank (839) and CBNA Year to Date (585).
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 126. 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 | 23.8% | 26.0% | 24.3% |
| Median rate spread, pp | 0.5 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 20.0% | 17.7% | 15.6% |
| Average originated loan | $345k | $387k | $329k |
| Originations per 1,000 households | 61.1 | 44.7 | 48.0 |
| Home purchase share of originations | 48.6% | 51.0% | 57.0% |
| FHA-insured share | 10.1% | 11.2% | 13.4% |
| VA-guaranteed share | 3.4% | 2.9% | 7.9% |
Rate spread distribution
Share of 13,235 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 49% (7,237)Home improvement 12% (1,735)Refinancing 11% (1,669)Cash-out refinancing 15% (2,246)Other purpose 13% (1,997)
By type
Conventional 86% (12,859)FHA 10% (1,498)VA 3% (499)USDA 0% (37)
Trend by year
ApplicationsOriginations
This countyNew Jersey
Questions and answers
Which lenders are most active in Ocean County, NJ?
By 2024 originations: Rocket Mortgage (1,008), TD Bank (839), CBNA Year to Date (585), United Wholesale Mortgage (536), PNC Bank N.A. (526). 126 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Ocean County?
23.8% of decided applications were denied in 2024, against 26.0% across New Jersey and 24.3% nationally.
How many mortgages were originated in Ocean County in 2024?
14,893 loans totalling $5.1bn, from 26,012 applications; 61.1 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 34029; 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.