The Mortgage Record
New Jersey · Home purchase mortgages

Mortgage approvals in Passaic County, NJ

Real approval and denial rates for home-purchase mortgages in Passaic County, built from 33,840 federally reported lender decisions, 2018–2025.

Approval rate
89.0%
30,111 approved
Denial rate
11.0%
3,729 denied
Lender decisions
33,840
2018–2025
Active lenders
15
≥25 decisions
89.0% approved
11.0% denied

Share of 33,840 home-purchase applications that lenders approved vs. denied · 2025: 90.3% approved. Excludes loans withdrawn, left incomplete, or bought on the secondary market.

Approval rate over time

84%86%88%90%92%89%89%89%90%88%88%89%90%20182019202020212022202320242025

By loan type

Conventional90.6% of 22,737FHA85.6% of 10,235VA86.1% of 847

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

Lenders in Passaic County

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

LenderApprovalDecisionsDeniedAvg. rate spread
Nj Lenders Corp
Little Falls, NJ		96.9%2,17567+0.18 pp
United Wholesale Mortgage
Pontiac, MI		87.4%1,772224+0.34 pp
Crosscountry Mortgage, Llc
Cleveland, OH		95.7%1,40060+0.67 pp
Rocket Mortgage
Detroit, MI		80.8%1,389267+0.39 pp
Guaranteed Rate, Inc.
Chicago, IL		94.3%1,15065+0.28 pp
Homebridge Financial Services, Inc
Iselin, NJ		91.2%1,04092+0.77 pp
Jpmorgan Chase Bank, Na
Columbus, OH		89.3%81187+0.07 pp
Wells Fargo Bank Na
Minneapolis, MN		81.5%799148-0.07 pp
Loandepot.com Llc
Irvine, CA		92.6%79359+0.42 pp
Paramount Residential Mortgage
Corona, CA		90.0%73273+0.76 pp
Absolute Home Mortgage
Fairfield, NJ		93.3%61141+0.74 pp
Freedom Mortgage Corporation
Boca Raton, FL		95.5%58026+0.59 pp

Why applications were denied

Debt-to-income ratio40% of denialsCollateral (value/type)19% of denialsOther15% of denialsCredit history12% of denialsIncomplete application12% of denialsInsufficient cash to close11% 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 Passaic County lender shortlist.

Open the approval tool →

Refinance

Refi approval rate
78.6%
27,706 of 35,240
Refi denial rate
21.4%
7,534 denied
Refi decisions
35,240
2018–2025

Best lenders for specific buyers in Passaic County

Best FHA lendersBest VA 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 Passaic County, NJ. Full methodology →