New Jersey · Home purchase mortgages

Mortgage approvals in Essex County, NJ

Real approval and denial rates for home-purchase mortgages in Essex County, built from 55,879 federally reported lender decisions, 2018–2025.

Approval rate
86.9%
48,568 approved
Denial rate
13.1%
7,311 denied
Lender decisions
55,879
2018–2025
Active lenders
15
≥25 decisions
86.9% approved
13.1% denied

Share of 55,879 home-purchase applications that lenders approved vs. denied · 2025: 88.2% approved. Excludes loans withdrawn, left incomplete, or bought on the secondary market.

Approval rate over time

82%84%86%88%90%86%87%87%88%87%86%87%88%20182019202020212022202320242025

By loan type

Conventional90.0% of 38,885FHA80.1% of 15,696VA77.3% of 1,297

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

Lenders in Essex County

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

LenderApprovalDecisionsDeniedAvg. rate spread
Guaranteed Rate, Inc.
Chicago, IL
94.7%3,007158+0.15 pp
Nj Lenders Corp
Little Falls, NJ
96.3%2,26184+0.11 pp
Wells Fargo Bank Na
Minneapolis, MN
84.5%2,245348-0.19 pp
United Wholesale Mortgage
Pontiac, MI
83.7%2,116345+0.35 pp
Jpmorgan Chase Bank, Na
Columbus, OH
89.7%2,053212-0.04 pp
Rocket Mortgage
Detroit, MI
77.6%1,960440+0.35 pp
Bank Of America Na
Westlake Village, CA
86.3%1,930264-0.33 pp
Crosscountry Mortgage, Llc
Cleveland, OH
93.0%1,783124+0.62 pp
Loandepot.com Llc
Irvine, CA
89.5%1,574166+0.38 pp
Paramount Residential Mortgage
Corona, CA
88.9%1,122125+0.87 pp
Caliber Home Loans, Inc.
Fort Washington, PA
86.1%908126+0.57 pp
Citibank, Na
New York, NY
92.5%82262-0.55 pp

Why applications were denied

Debt-to-income ratio39% of denialsCollateral (value/type)22% of denialsOther16% of denialsCredit history13% of denialsInsufficient cash to close12% of denialsIncomplete application11% of denials

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

See which lenders approve borrowers like you

Filter by your income, loan size and loan type to get a Essex County lender shortlist.

Open the approval tool →

Refinance

Refi approval rate
77.4%
44,126 of 57,041
Refi denial rate
22.6%
12,915 denied
Refi decisions
57,041
2018–2025

Best lenders for specific buyers in Essex County

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

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