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.
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 Excludes loans withdrawn, left incomplete, or bought on the secondary market.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
By loan type
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.
| Lender | Approval | Decisions | Denied | Avg. rate spread |
|---|---|---|---|---|
| Guaranteed Rate, Inc. Chicago, IL | 94.7% | 3,007 | 158 | +0.15 pp |
| Nj Lenders Corp Little Falls, NJ | 96.3% | 2,261 | 84 | +0.11 pp |
| Wells Fargo Bank Na Minneapolis, MN | 84.5% | 2,245 | 348 | -0.19 pp |
| United Wholesale Mortgage Pontiac, MI | 83.7% | 2,116 | 345 | +0.35 pp |
| Jpmorgan Chase Bank, Na Columbus, OH | 89.7% | 2,053 | 212 | -0.04 pp |
| Rocket Mortgage Detroit, MI | 77.6% | 1,960 | 440 | +0.35 pp |
| Bank Of America Na Westlake Village, CA | 86.3% | 1,930 | 264 | -0.33 pp |
| Crosscountry Mortgage, Llc Cleveland, OH | 93.0% | 1,783 | 124 | +0.62 pp |
| Loandepot.com Llc Irvine, CA | 89.5% | 1,574 | 166 | +0.38 pp |
| Paramount Residential Mortgage Corona, CA | 88.9% | 1,122 | 125 | +0.87 pp |
| Caliber Home Loans, Inc. Fort Washington, PA | 86.1% | 908 | 126 | +0.57 pp |
| Citibank, Na New York, NY | 92.5% | 822 | 62 | -0.55 pp |
Why applications were denied
Primary reason lenders recorded on denied applications. One denial can cite several.
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Essex County mortgage FAQ
What is the mortgage approval rate in Essex County, NJ?
Lenders approved 86.9% of home-purchase mortgage applications in Essex County, New Jersey between 2018 and 2025 — 48,568 approved out of 55,879 decisions. The denial rate was 13.1% (7,311 denied).
Why do mortgage applications get denied in Essex County, NJ?
The reason lenders most often recorded for denying home-purchase applications in Essex County was debt-to-income ratio, cited on 39% of the 7,311 denials between 2018 and 2025. HMDA does not include applicants' credit scores.
Which lenders make the most mortgages in Essex County, NJ?
15 lenders made at least 25 home-purchase decisions in Essex County between 2018 and 2025. The most active was Guaranteed Rate, Inc., which approved 94.7% of its 3,007 applications there.
What is the most recent mortgage approval rate in Essex County, NJ?
In 2025, the most recent year of federal HMDA data, lenders approved 88.2% of home-purchase applications in Essex County, New Jersey.
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 →