Lenders › Loan Funder LLC › New Jersey
Loan Funder LLC in New Jersey
HMDA record for properties in New Jersey, calendar year 2024. National record · New Jersey overview
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.
In New Jersey, Loan Funder LLC reported 2,607 applications and 1,475 originations for 2024, $653m in all.
Its denial rate in the state was 11.7%, below the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 20.6%.
Applications in the state were up 62% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | Loan Funder LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 11.7% | 26.0% | 20.6% | 24.3% |
| Median rate spread, pp | — | 0.4 | — | 0.3 |
| Originations with spread of 1.5 pp or more | — | 17.7% | — | 15.6% |
| Average originated loan | $443k | $387k | $370k | $329k |
| Home purchase share | 53.1% | 51.0% | 50.5% | 57.0% |
| FHA-insured share | 0.0% | 11.2% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 2.9% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateNew Jersey, all lenders
Loan purpose and loan type in New Jersey
By purpose
Home purchase 53% (783)Refinancing 9% (131)Cash-out refinancing 29% (431)Other purpose 9% (130)
By type
Conventional 100% (1,475)
Denial reasons as coded
Share of 195 denials in New Jersey by first denial reason coded (outlined bar: all lenders in the state).
Counties in New Jersey
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Essex County | 518 | 288 | $166m | 11.9% |
| Mercer County | 299 | 201 | $49m | 7.8% |
| Ocean County | 215 | 119 | $52m | 11.2% |
| Monmouth County | 203 | 109 | $66m | 14.8% |
| Union County | 154 | 94 | $49m | 11.3% |
| Morris County | 125 | 75 | $38m | 7.4% |
| Hudson County | 174 | 74 | $62m | 10.8% |
| Cumberland County | 98 | 71 | $12m | 2.7% |
| Camden County | 128 | 68 | $19m | 24.4% |
| Bergen County | 120 | 61 | $42m | 17.6% |
| Passaic County | 96 | 55 | $23m | 9.8% |
| Burlington County | 82 | 53 | $12m | 10.2% |
| Atlantic County | 81 | 40 | $7.5m | 14.9% |
| Middlesex County | 80 | 40 | $18m | 13.0% |
| Sussex County | 50 | 31 | $8.5m | 13.9% |
| Gloucester County | 51 | 25 | $5.8m | 7.4% |
| Salem County | 38 | 23 | $4.9m | 8.0% |
| Somerset County | 37 | 19 | $6.0m | — |
| Warren County | 32 | 15 | $3.2m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Loan Funder LLC originate in New Jersey in 2024?
1,475 loans totalling $653m, from 2,607 applications reported for properties in New Jersey.
What is Loan Funder LLC's denial rate in New Jersey?
11.7% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 20.6% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which New Jersey counties does Loan Funder LLC lend in most?
By originations: Essex County (288), Mercer County (201), Ocean County (119), Monmouth County (109), Union County (94).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in New Jersey. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.