Lenders › New American Funding, LLC. › New Jersey
New American Funding, 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.
New American Funding, LLC.'s 2024 HMDA record for New Jersey covers 2,965 applications, 956 of them originated, worth $284m.
Its denial rate in the state was 31.6%, above the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 20.9%.
The median rate spread on its New Jersey originations was 0.7 percentage points (state median 0.4).
Applications in the state were up 109% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | New American Funding, LLC., all states | United States |
|---|---|---|---|---|
| Denial rate | 31.6% | 26.0% | 20.9% | 24.3% |
| Median rate spread, pp | 0.7 | 0.4 | 0.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 22.9% | 17.7% | 20.0% | 15.6% |
| Average originated loan | $297k | $387k | $282k | $329k |
| Home purchase share | 59.7% | 51.0% | 70.9% | 57.0% |
| FHA-insured share | 26.0% | 11.2% | 30.6% | 13.4% |
| VA-guaranteed share | 2.2% | 2.9% | 8.3% | 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 60% (571)Home improvement 7% (66)Refinancing 6% (55)Cash-out refinancing 18% (175)Other purpose 9% (89)
By type
Conventional 72% (686)FHA 26% (249)VA 2% (21)
Denial reasons as coded
Share of 456 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 |
|---|---|---|---|---|
| Gloucester County | 216 | 108 | $27m | 14.7% |
| Camden County | 275 | 100 | $22m | 22.4% |
| Burlington County | 225 | 86 | $21m | 28.3% |
| Ocean County | 234 | 67 | $18m | 39.5% |
| Atlantic County | 144 | 63 | $17m | 28.9% |
| Monmouth County | 197 | 61 | $20m | 33.7% |
| Middlesex County | 199 | 57 | $18m | 31.0% |
| Bergen County | 182 | 45 | $19m | 44.4% |
| Passaic County | 135 | 45 | $16m | 27.3% |
| Essex County | 216 | 42 | $16m | 51.1% |
| Union County | 160 | 42 | $13m | 40.3% |
| Morris County | 117 | 41 | $18m | 26.7% |
| Hudson County | 107 | 30 | $14m | 31.1% |
| Sussex County | 72 | 28 | $8.2m | 16.7% |
| Salem County | 71 | 28 | $5.4m | 27.5% |
| Somerset County | 99 | 27 | $7.4m | 30.0% |
| Mercer County | 127 | 25 | $5.9m | 45.7% |
| Cumberland County | 56 | 24 | $4.5m | 27.3% |
| Cape May County | 51 | 18 | $6.4m | 30.8% |
| Hunterdon County | 40 | 10 | $3.3m | — |
| Warren County | 42 | 9 | $2.3m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did New American Funding, LLC. originate in New Jersey in 2024?
956 loans totalling $284m, from 2,965 applications reported for properties in New Jersey.
What is New American Funding, LLC.'s denial rate in New Jersey?
31.6% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 20.9% 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 New American Funding, LLC. lend in most?
By originations: Gloucester County (108), Camden County (100), Burlington County (86), Ocean County (67), Atlantic County (63).
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 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.