Lenders › Lower, LLC › New Jersey
Lower, 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, Lower, LLC reported 391 applications and 185 originations for 2024, $70m in all.
Its denial rate in the state was 22.2%, below the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its New Jersey originations was 0.4 percentage points (state median 0.4).
Applications in the state were up 86% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 22.2% | 26.0% | 12.7% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.1% | 17.7% | 7.3% | 15.6% |
| Average originated loan | $376k | $387k | $310k | $329k |
| Home purchase share | 47.0% | 51.0% | 81.3% | 57.0% |
| FHA-insured share | 25.4% | 11.2% | 26.1% | 13.4% |
| VA-guaranteed share | 2.7% | 2.9% | 8.2% | 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 47% (87)Refinancing 10% (18)Cash-out refinancing 43% (80)
By type
Conventional 72% (133)FHA 25% (47)VA 3% (5)
Denial reasons as coded
Share of 55 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 |
|---|---|---|---|---|
| Middlesex County | 52 | 25 | $8.8m | 26.5% |
| Ocean County | 36 | 19 | $5.6m | — |
| Burlington County | 32 | 15 | $5.2m | — |
| Morris County | 29 | 12 | $5.6m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in New Jersey in 2024?
185 loans totalling $70m, from 391 applications reported for properties in New Jersey.
What is Lower, LLC's denial rate in New Jersey?
22.2% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 12.7% 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 Lower, LLC lend in most?
By originations: Middlesex County (25), Ocean County (19), Burlington County (15), Morris County (12).
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.