New Jersey · Home purchase mortgages

Mortgage approvals in Morris County, NJ

Real approval and denial rates for home-purchase mortgages in Morris County, built from 47,993 federally reported lender decisions, 2018–2025.

Approval rate
92.9%
44,577 approved
Denial rate
7.1%
3,416 denied
Lender decisions
47,993
2018–2025
Active lenders
15
≥25 decisions
92.9% approved
7.1% denied

Share of 47,993 home-purchase applications that lenders approved vs. denied · 2025: 93.1% approved. Excludes loans withdrawn, left incomplete, or bought on the secondary market.

Approval rate over time

89%90%91%92%93%94%95%96%92%93%93%93%93%93%93%93%20182019202020212022202320242025

By loan type

Conventional93.6% of 41,808FHA87.8% of 4,939VA90.9% of 1,210USDA69.4% of 36

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

Lenders in Morris County

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

LenderApprovalDecisionsDeniedAvg. rate spread
Guaranteed Rate, Inc.
Chicago, IL
96.6%2,54186+0.16 pp
Rocket Mortgage
Detroit, MI
88.0%2,404288+0.23 pp
Nj Lenders Corp
Little Falls, NJ
97.9%2,30749+0.05 pp
Wells Fargo Bank Na
Minneapolis, MN
90.9%2,287208-0.23 pp
United Wholesale Mortgage
Pontiac, MI
92.6%1,850136+0.19 pp
Jpmorgan Chase Bank, Na
Columbus, OH
94.0%1,62397-0.08 pp
Bank Of America Na
Westlake Village, CA
92.9%1,470105-0.24 pp
Weichert Financial Services
Morris Plains, NJ
95.7%1,46863+0.38 pp
Crosscountry Mortgage, Llc
Cleveland, OH
97.1%1,46843+0.36 pp
Loandepot.com Llc
Irvine, CA
95.4%1,33662+0.22 pp
Absolute Home Mortgage
Fairfield, NJ
96.6%1,04836+0.58 pp
American Neighborhood Mortgage Acceptance Company
Mt. Laurel, NJ
97.0%94428+0.50 pp

Why applications were denied

Debt-to-income ratio35% of denialsCollateral (value/type)20% of denialsIncomplete application16% of denialsOther14% of denialsCredit history13% of denialsInsufficient cash to close10% of denials

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

See which lenders approve borrowers like you

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Refinance

Refi approval rate
85.3%
46,373 of 54,342
Refi denial rate
14.7%
7,969 denied
Refi decisions
54,342
2018–2025

Best lenders for specific buyers in Morris 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 Morris County, NJ. Full methodology →