Mortgage approvals in Somerset County, NJ
Real approval and denial rates for home-purchase mortgages in Somerset County, built from 33,262 federally reported lender decisions, 2018–2025.
Share of 33,262 home-purchase applications that lenders approved vs. denied · 2025: 93.7% 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 Excludes loans withdrawn, left incomplete, or bought on the secondary market.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 Somerset County
Ranked by volume. Approval rate = originated or approved ÷ (those + denied), home purchases 2018–2025.
| Lender | Approval | Decisions | Denied | Avg. rate spread |
|---|---|---|---|---|
| Rocket Mortgage Detroit, MI | 89.1% | 1,950 | 212 | +0.22 pp |
| Wells Fargo Bank Na Minneapolis, MN | 90.6% | 1,875 | 177 | -0.14 pp |
| United Wholesale Mortgage Pontiac, MI | 90.5% | 1,456 | 139 | +0.23 pp |
| Bank Of America Na Westlake Village, CA | 91.3% | 1,303 | 113 | -0.20 pp |
| Jpmorgan Chase Bank, Na Columbus, OH | 93.0% | 1,073 | 75 | -0.03 pp |
| Guaranteed Rate, Inc. Chicago, IL | 97.1% | 796 | 23 | +0.18 pp |
| Nj Lenders Corp Little Falls, NJ | 97.2% | 780 | 22 | +0.09 pp |
| Guaranteed Rate Affinity, Llc Chicago, IL | 97.5% | 765 | 19 | +0.18 pp |
| Crosscountry Mortgage, Llc Cleveland, OH | 97.4% | 765 | 20 | +0.40 pp |
| Embrace Home Loans, Inc. Middletown, RI | 96.2% | 743 | 28 | +0.14 pp |
| Loandepot.com Llc Irvine, CA | 92.6% | 701 | 52 | +0.28 pp |
| Pnc Bank N.a. Pittsburgh, PA | 87.4% | 587 | 74 | -0.01 pp |
Why applications were denied
Primary reason lenders recorded on denied applications. One denial can cite several.
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Best lenders for specific buyers in Somerset County
Source: CFPB HMDA loan-level snapshot data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in Somerset County, NJ. Full methodology →