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 Excludes loans withdrawn, left incomplete, or bought on the secondary market.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.

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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

Passaic County mortgage FAQ

What is the mortgage approval rate in Passaic County, NJ?

Lenders approved 89.0% of home-purchase mortgage applications in Passaic County, New Jersey between 2018 and 2025 — 30,111 approved out of 33,840 decisions. The denial rate was 11.0% (3,729 denied).

Why do mortgage applications get denied in Passaic County, NJ?

The reason lenders most often recorded for denying home-purchase applications in Passaic County was debt-to-income ratio, cited on 40% of the 3,729 denials between 2018 and 2025. HMDA does not include applicants' credit scores.

Which lenders make the most mortgages in Passaic County, NJ?

15 lenders made at least 25 home-purchase decisions in Passaic County between 2018 and 2025. The most active was Nj Lenders Corp, which approved 96.9% of its 2,175 applications there.

What is the most recent mortgage approval rate in Passaic County, NJ?

In 2025, the most recent year of federal HMDA data, lenders approved 90.3% of home-purchase applications in Passaic County, New Jersey.

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 →