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2024 data HMDA 2024 disclosure official source

Monmouth County

26,102 mortgage applications, 17.2% denial rate. Verify FIPS 34025 with U.S. Census Bureau →

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New Jersey · FIPS 34025

Local mortgage market. Monmouth County, New Jersey saw 26,102 HMDA-reported mortgage applications in 2024. Lenders originated 13,205 of those loans and denied 4,496, producing a denial rate of 17.2% and an approval (origination) rate of 50.6%. The average loan amount was $405,153 at an average note rate of 7.45%, with applicants self-reporting average annual income of $38K. 432 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.7x, meaning typical borrowers took on mortgages of about 10.7 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 34025 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

26,102
Applications
13,205
Originated
17.2%
Denial Rate
50.6%
Approval Rate
$405,153
Avg Loan Amount
7.45%
Avg Interest Rate
$38K
Avg Applicant Income
10.7x
Loan-to-Income Ratio

Nearby Lenders in Monmouth County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 761 5.8%
2 CBNA Year to Date 627 4.7%
3 TD Bank 611 4.6%
4 Pnc Bank N.A. 576 4.4%
5 Crosscountry Mortgage, LLC 572 4.3%
Compare Rocket Mortgage vs CBNA Year to Date →

Frequently Asked Questions

How many mortgage applications were filed in Monmouth County?
In the 2024 HMDA reporting year, 26,102 mortgage applications were filed in Monmouth County, New Jersey. Of these, 13,205 were originated (approved and funded), while 4,496 were denied, resulting in a denial rate of 17.2%.
What is the mortgage denial rate in Monmouth County?
The mortgage denial rate in Monmouth County is 17.2%. The approval (origination) rate is 50.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Monmouth County?
The average mortgage loan amount in Monmouth County is $405,153. The average interest rate is 7.447%. The average applicant income is $38K.
What is the loan-to-income ratio in Monmouth County?
The average loan-to-income ratio in Monmouth County is 10.7x, meaning borrowers took on loans averaging 10.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Monmouth County?
The top mortgage lenders in Monmouth County by origination volume are Rocket Mortgage, CBNA Year to Date, TD Bank. In total, 432 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.