The Mortgage Record
New Jersey · Home purchase mortgages

Mortgage approvals in Cape May County, NJ

Real approval and denial rates for home-purchase mortgages in Cape May County, built from 22,502 federally reported lender decisions, 2018–2025.

Approval rate
92.3%
20,779 approved
Denial rate
7.7%
1,723 denied
Lender decisions
22,502
2018–2025
Active lenders
15
≥25 decisions
92.3% approved
7.7% denied

Share of 22,502 home-purchase applications that lenders approved vs. denied · 2025: 90.6% approved. Excludes loans withdrawn, left incomplete, or bought on the secondary market.

Approval rate over time

86%88%90%92%94%96%93%93%93%94%92%90%91%91%20182019202020212022202320242025

By loan type

Conventional92.8% of 20,481FHA85.4% of 1,301VA93.1% of 538USDA91.8% of 182

FHA and USDA loans serve lower-down-payment and rural buyers; approval patterns differ by program.

Lenders in Cape May County

Ranked by volume. Approval rate = originated or approved ÷ (those + denied), home purchases 2018–2025.

LenderApprovalDecisionsDeniedAvg. rate spread
Wells Fargo Bank Na
Minneapolis, MN		90.9%1,435130-0.14 pp
Caliber Home Loans, Inc.
Fort Washington, PA		96.2%1,30150+0.46 pp
Citizens Bank, Na
Providence, RI		92.0%1,16893+0.02 pp
Oceanfirst Bank
Toms River, NJ		97.5%1,07727+0.09 pp
Republic First Bank
Philadelphia, PA		96.0%1,01741-0.14 pp
Prosperity Home Mortgage, Llc
Chantilly, VA		95.8%79333+0.23 pp
Rocket Mortgage
Detroit, MI		85.4%67899+0.48 pp
Guaranteed Rate, Inc.
Chicago, IL		96.7%57319+0.17 pp
Valley National Bank
Morristown, NJ		98.9%5376+0.05 pp
Advisors Mortgage Group, Llc
Ocean, NJ		97.2%50814+0.29 pp
Crosscountry Mortgage, Llc
Cleveland, OH		96.8%49316+0.46 pp
Draper And Kramer Mortgage Corp.
Downers Grove, IL		97.7%3969+0.30 pp

Why applications were denied

Debt-to-income ratio36% of denialsCollateral (value/type)27% of denialsOther16% of denialsCredit history15% of denialsInsufficient cash to close11% of denialsIncomplete application11% of denials

Primary reason lenders recorded on denied applications. One denial can cite several.

See which lenders approve borrowers like you

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Refinance

Refi approval rate
82.1%
15,887 of 19,349
Refi denial rate
17.9%
3,462 denied
Refi decisions
19,349
2018–2025

Best lenders for specific buyers in Cape May County

Best FHA lendersBest VA lendersBest jumbo lendersBest high-DTI lendersBest low-down-payment lendersBest lower-income lendersBest investment-property lendersBest manufactured-home lenders

Source: CFPB HMDA loan-level snapshot data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in Cape May County, NJ. Full methodology →