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MARKET BENCHMARKS · HMDA PUBLIC DATA

New Jersey mortgage market benchmarks

New Jersey origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

178,220

+14.0% vs 2024

2024: 156,392

Volume 2025

$75.63B

originated $
2024: $60.55B

Denial rate 2025

17.7%

denied / actioned
2024: 20.2% denied / actioned

Reporting lenders 2025

893

HMDA reporters
2024: 885 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$50B$100B$150B$200B20182019202020212022202320242025$75.63B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%12.9%25.8%2018201920202021202220232024202517.7%

New Jersey market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
2025893322,453178,220$75.63B2025 origination volume178,220 loans originated17.7%2025 denial rate322,453 applications actioned45.5%49.9%
2024885289,509156,392$60.55B2024 origination volume156,392 loans originated20.2%2024 denial rate289,509 applications actioned50.9%40.3%
2023919258,518138,284$51.23B2023 origination volume138,284 loans originated20.9%2023 denial rate258,518 applications actioned56.2%32.5%
2022913366,915203,463$80.08B2022 origination volume203,463 loans originated18.4%2022 denial rate366,915 applications actioned50.9%48.3%
2021901627,902389,704$141.99B2021 origination volume389,704 loans originated13.0%2021 denial rate627,902 applications actioned33.8%78.4%
2020911586,694360,654$126.31B2020 origination volume360,654 loans originated13.5%2020 denial rate586,694 applications actioned32.4%73.6%
2019888387,786223,908$75.70B2019 origination volume223,908 loans originated19.1%2019 denial rate387,786 applications actioned47.0%55.1%
2018909338,210187,815$57.59B2018 origination volume187,815 loans originated22.4%2018 denial rate338,210 applications actioned54.9%43.7%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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