Lenders › Freedom Mortgage Corporation › New Jersey
Freedom Mortgage Corporation 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, Freedom Mortgage Corporation reported 3,127 applications and 1,246 originations for 2024, $488m in all.
Its denial rate in the state was 21.4%, below the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 16.2%.
The median rate spread on its New Jersey originations was 0.4 percentage points (state median 0.4).
Applications in the state were up 143% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | Freedom Mortgage Corporation, all states | United States |
|---|---|---|---|---|
| Denial rate | 21.4% | 26.0% | 16.2% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 1.6% | 17.7% | 2.7% | 15.6% |
| Average originated loan | $392k | $387k | $340k | $329k |
| Home purchase share | 33.4% | 51.0% | 33.5% | 57.0% |
| FHA-insured share | 50.8% | 11.2% | 40.4% | 13.4% |
| VA-guaranteed share | 23.1% | 2.9% | 47.9% | 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 33% (416)Refinancing 27% (342)Cash-out refinancing 39% (486)Other purpose 0% (2)
By type
Conventional 26% (325)FHA 51% (633)VA 23% (288)
Denial reasons as coded
Share of 370 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 |
|---|---|---|---|---|
| Burlington County | 327 | 136 | $43m | 20.9% |
| Ocean County | 273 | 116 | $40m | 17.3% |
| Middlesex County | 286 | 114 | $51m | 19.9% |
| Camden County | 286 | 112 | $32m | 19.3% |
| Gloucester County | 212 | 95 | $31m | 23.2% |
| Essex County | 235 | 87 | $42m | 26.5% |
| Union County | 195 | 80 | $35m | 19.0% |
| Bergen County | 174 | 71 | $39m | 26.5% |
| Monmouth County | 157 | 68 | $29m | 25.5% |
| Morris County | 129 | 51 | $25m | 17.6% |
| Atlantic County | 129 | 46 | $15m | 24.2% |
| Somerset County | 91 | 45 | $21m | 21.1% |
| Passaic County | 137 | 39 | $17m | 28.8% |
| Mercer County | 110 | 37 | $13m | 18.5% |
| Sussex County | 89 | 37 | $13m | 20.8% |
| Cumberland County | 85 | 30 | $8.4m | 26.2% |
| Warren County | 57 | 27 | $9.9m | 6.5% |
| Hudson County | 59 | 21 | $12m | 21.2% |
| Salem County | 41 | 14 | $3.6m | — |
| Cape May County | 29 | 13 | $4.0m | — |
| Hunterdon County | 26 | 7 | $3.5m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Freedom Mortgage Corporation originate in New Jersey in 2024?
1,246 loans totalling $488m, from 3,127 applications reported for properties in New Jersey.
What is Freedom Mortgage Corporation's denial rate in New Jersey?
21.4% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 16.2% 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 Freedom Mortgage Corporation lend in most?
By originations: Burlington County (136), Ocean County (116), Middlesex County (114), Camden County (112), Gloucester County (95).
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.