States › New Jersey
New Jersey mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in New Jersey, with all 21 counties.
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. Record year 2024.
New Jersey had 289,315 HMDA-reported mortgage applications and 156,859 originations ($61bn) in 2024, from 424 lenders with at least 25 applications in the state.
The statewide denial rate was 26.0% (national 24.3%) and the median rate spread 0.4 percentage points (national 0.3). Originations ran at 44.7 per 1,000 households, against 48.0 nationally.
Originations in the state went from 188,978 in 2018 to 156,859 in 2024; the denial rate moved from 27.8% to 26.0%.
The most active lenders by originations were Rocket Mortgage (9,743), TD Bank (6,525) and Crosscountry Mortgage, LLC (6,426).
Most active lenders in New Jersey
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 13,053 | 9,743 | $2.9bn | 16.9% | 0.5 |
| 2 | TD Bank | 12,223 | 6,525 | $1.9bn | 34.4% | 0.5 |
| 3 | Crosscountry Mortgage, LLC | 10,324 | 6,426 | $2.9bn | 4.9% | 0.4 |
| 4 | United Wholesale Mortgage | 8,798 | 6,114 | $2.8bn | 16.4% | 0.2 |
| 5 | CBNA Year to Date | 10,174 | 5,849 | $1.7bn | 34.2% | 0.6 |
| 6 | PNC Bank N.A. | 10,047 | 5,209 | $1.3bn | 35.8% | 0.7 |
| 7 | Bank of America NA | 11,794 | 4,633 | $1.5bn | 45.7% | 1.3 |
| 8 | Guaranteed Rate, Inc. | 6,283 | 3,643 | $1.7bn | 10.0% | 0.2 |
| 9 | Loandepot.com, LLC | 5,101 | 3,100 | $1.3bn | 23.3% | 0.3 |
| 10 | JPMorgan Chase Bank, NA | 4,185 | 2,520 | $1.5bn | 12.7% | 0.0 |
| 11 | Pennymac Loan Services LLC | 4,526 | 2,208 | $832m | 22.6% | 0.4 |
| 12 | Nj Lenders Corp | 2,862 | 2,190 | $1.1bn | 4.6% | 0.0 |
| 13 | Police and Fire Federal Credit Union | 3,987 | 2,179 | $213m | 36.4% | 0.1 |
| 14 | CMG Mortgage Inc | 3,111 | 1,878 | $655m | 8.9% | 0.5 |
| 15 | American Neighborhood Mortgage Acceptance Company | 2,773 | 1,839 | $718m | 3.5% | 0.5 |
| 16 | Advisors Mortgage Group, LLC | 2,326 | 1,767 | $662m | 6.0% | 0.4 |
| 17 | Discover Bank | 10,098 | 1,714 | $171m | 73.9% | 2.1 |
| 18 | Absolute Home Mortgage | 2,440 | 1,684 | $623m | 3.5% | 0.5 |
| 19 | Movement Mortgage, LLC | 2,542 | 1,659 | $646m | 9.8% | 0.4 |
| 20 | Wells Fargo Bank NA | 3,370 | 1,658 | $1.0bn | 27.8% | -0.1 |
| 21 | Newrez LLC | 5,117 | 1,637 | $472m | 40.9% | 0.8 |
| 22 | Navy Federal Credit Union | 3,603 | 1,523 | $326m | 38.9% | 1.3 |
| 23 | OceanFirst Bank, N.A. | 2,353 | 1,515 | $544m | 20.2% | 0.0 |
| 24 | Loan Funder LLC | 2,607 | 1,475 | $653m | 11.7% | — |
| 25 | Provident Bank | 2,852 | 1,474 | $546m | 35.7% | -0.0 |
| 26 | Nationstar Mortgage | 2,160 | 1,413 | $313m | 18.5% | 1.3 |
| 27 | Us Bank, N.A. | 2,602 | 1,408 | $799m | 34.6% | 0.0 |
| 28 | Greentree Mortgage Company, L.P. | 1,817 | 1,390 | $426m | 0.8% | 0.5 |
| 29 | Valley National Bank | 1,933 | 1,283 | $392m | 20.4% | -0.6 |
| 30 | Freedom Mortgage Corporation | 3,127 | 1,246 | $488m | 21.4% | 0.4 |
| 31 | M&T Bank | 2,549 | 1,211 | $438m | 44.6% | 0.2 |
| 32 | NFM, Inc | 1,603 | 1,205 | $412m | 3.3% | 0.5 |
| 33 | Spring Eq, LLC | 4,232 | 1,180 | $133m | 65.8% | 3.7 |
| 34 | Paramount Residential Mortgage | 1,760 | 1,157 | $532m | 5.3% | 0.5 |
| 35 | Figure Lending LLC | 2,464 | 1,100 | $90m | 31.7% | 4.2 |
| 36 | Prosperity Home Mortgage, LLC | 1,438 | 1,066 | $404m | 7.5% | 0.3 |
| 37 | Fulton Bank, National Association | 1,868 | 1,049 | $435m | 33.5% | -1.6 |
| 38 | Nation One Mortgage Corporatio | 1,300 | 1,024 | $258m | 2.0% | 0.5 |
| 39 | Guaranteed Rate Affinity, LLC | 1,463 | 995 | $491m | 7.5% | 0.2 |
| 40 | Third Federal Savings and Loan | 1,998 | 957 | $139m | 44.8% | -0.6 |
| 41 | New American Funding, LLC. | 2,965 | 956 | $284m | 31.6% | 0.7 |
| 42 | Columbia Bank | 1,648 | 925 | $354m | 20.9% | -0.7 |
| 43 | Fairway Independent Mort Corp | 1,305 | 893 | $379m | 7.8% | 0.4 |
| 44 | Kiavi Funding, Inc. | 1,081 | 817 | $253m | 9.1% | — |
| 45 | Affinity Federal Credit Union | 1,656 | 813 | $127m | 40.3% | 0.5 |
| 46 | Gateway First Bank | 1,081 | 769 | $176m | 6.6% | 0.6 |
| 47 | Coastal Community Bank | 3,322 | 731 | $57m | 2.5% | 4.1 |
| 48 | Mortgage Research Center | 1,748 | 721 | $292m | 29.7% | -0.1 |
| 49 | Citibank, NA | 1,429 | 721 | $634m | 20.3% | -0.2 |
| 50 | Bond Street Mortgage, LLC | 944 | 660 | $315m | 3.8% | 0.3 |
| 51 | Nvr Mortgage Finance, Inc. | 931 | 651 | $293m | 20.1% | 0.1 |
| 52 | HomeBridge Financial Services, Inc | 1,048 | 645 | $171m | 26.5% | 1.4 |
| 53 | Visions Federal Credit Union | 1,238 | 614 | $91m | 35.8% | 0.1 |
| 54 | Manasquan Bank | 791 | 613 | $323m | 9.6% | 0.3 |
| 55 | Morgan Stanley Private Bank NA | 768 | 603 | $593m | 4.2% | -0.5 |
| 56 | Union Home Mortgage Corp. | 815 | 565 | $244m | 6.7% | 0.4 |
| 57 | Amerisave Mortgage Company | 3,751 | 561 | $93m | 82.7% | 3.3 |
| 58 | The Loan Store, Inc | 947 | 561 | $209m | 15.8% | 0.5 |
| 59 | RF Renovo Management Company, LLC | 730 | 559 | $300m | 0.4% | — |
| 60 | Mutual of Omaha Mortgage | 1,009 | 558 | $205m | 29.2% | 0.2 |
Top 60 of 424 lenders with at least 25 applications in the state, by originations. 255 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | New Jersey | United States |
|---|---|---|
| Denial rate | 26.0% | 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 | $387k | $329k |
| Originations per 1,000 households | 44.7 | 48.0 |
| Home purchase share of originations | 51.0% | 57.0% |
| FHA-insured share | 11.2% | 13.4% |
| VA-guaranteed share | 2.9% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
New JerseyUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 339,307 | 188,978 | $58bn | 27.8% | 14.0% | 2.9% | 29.7% |
| 2019 | 389,849 | 225,834 | $76bn | 24.0% | 15.0% | 3.6% | 41.0% |
| 2020 | 594,795 | 367,444 | $129bn | 17.3% | 11.3% | 4.0% | 61.8% |
| 2021 | 627,979 | 390,273 | $142bn | 16.9% | 10.6% | 3.3% | 60.2% |
| 2022 | 366,069 | 203,676 | $80bn | 24.3% | 11.1% | 2.6% | 31.0% |
| 2023 | 261,052 | 139,107 | $51bn | 27.6% | 12.0% | 2.4% | 20.2% |
| 2024 | 289,315 | 156,859 | $61bn | 26.0% | 11.2% | 2.9% | 25.9% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 51% (79,924)Home improvement 12% (18,813)Refinancing 11% (17,977)Cash-out refinancing 14% (22,630)Other purpose 11% (17,420)
By type
Conventional 86% (134,548)FHA 11% (17,530)VA 3% (4,516)USDA 0% (265)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Ocean County | 26,012 | 14,893 | 61.1 | 23.8% | 0.5 | 126 |
| Bergen County | 25,769 | 13,452 | 37.9 | 27.4% | 0.3 | 132 |
| Monmouth County | 23,506 | 13,216 | 52.5 | 24.4% | 0.4 | 125 |
| Middlesex County | 23,457 | 12,135 | 39.4 | 27.5% | 0.4 | 132 |
| Burlington County | 19,040 | 10,832 | 61.1 | 25.0% | 0.4 | 102 |
| Camden County | 19,039 | 10,574 | 52.2 | 26.2% | 0.5 | 100 |
| Essex County | 21,179 | 10,443 | 32.7 | 30.0% | 0.4 | 132 |
| Morris County | 15,923 | 9,090 | 47.0 | 22.4% | 0.3 | 90 |
| Union County | 14,903 | 7,692 | 37.8 | 28.6% | 0.4 | 103 |
| Gloucester County | 12,729 | 7,332 | 65.1 | 24.3% | 0.5 | 82 |
| Mercer County | 11,391 | 6,377 | 44.2 | 23.7% | 0.4 | 84 |
| Hudson County | 12,645 | 6,284 | 21.0 | 27.3% | 0.2 | 95 |
| Passaic County | 12,371 | 6,136 | 34.3 | 30.6% | 0.4 | 89 |
| Somerset County | 10,515 | 5,890 | 45.0 | 23.4% | 0.3 | 78 |
| Atlantic County | 10,477 | 5,534 | 50.5 | 28.4% | 0.5 | 70 |
| Sussex County | 6,820 | 3,639 | 63.0 | 25.7% | 0.5 | 50 |
| Cape May County | 5,913 | 3,577 | 79.7 | 22.0% | 0.3 | 54 |
| Hunterdon County | 4,599 | 2,649 | 52.1 | 22.7% | 0.4 | 41 |
| Cumberland County | 4,604 | 2,552 | 47.5 | 27.1% | 0.6 | 52 |
| Warren County | 4,400 | 2,355 | 51.9 | 27.1% | 0.5 | 44 |
| Salem County | 2,609 | 1,476 | 59.4 | 24.2% | 0.6 | 33 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of New Jersey originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in New Jersey?
By 2024 originations: Rocket Mortgage (9,743), TD Bank (6,525), Crosscountry Mortgage, LLC (6,426), United Wholesale Mortgage (6,114), CBNA Year to Date (5,849). 424 lenders had at least 25 applications in the state.
What is the mortgage denial rate in New Jersey?
26.0% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in New Jersey changed since 2018?
Originations went from 188,978 in 2018 to 156,859 in 2024; the denial rate moved from 27.8% to 26.0%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.