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2024 data HMDA 2024 disclosure official source

Morris County

17,929 mortgage applications, 15.4% denial rate. Verify FIPS 34027 with U.S. Census Bureau →

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New Jersey · FIPS 34027

Local mortgage market. Morris County, New Jersey saw 17,929 HMDA-reported mortgage applications in 2024. Lenders originated 9,073 of those loans and denied 2,769, producing a denial rate of 15.4% and an approval (origination) rate of 50.6%. The average loan amount was $456,138 at an average note rate of 7.32%, with applicants self-reporting average annual income of $38K. 374 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 12.0x, meaning typical borrowers took on mortgages of about 12.0 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 34027 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

17,929
Applications
9,073
Originated
15.4%
Denial Rate
50.6%
Approval Rate
$456,138
Avg Loan Amount
7.32%
Avg Interest Rate
$38K
Avg Applicant Income
12.0x
Loan-to-Income Ratio

Nearby Lenders in Morris 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 601 6.6%
2 Crosscountry Mortgage, LLC 440 4.8%
3 Bank of America NA 389 4.3%
4 TD Bank 382 4.2%
5 United Wholesale Mortgage 370 4.1%
Compare Rocket Mortgage vs Crosscountry Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Morris County?
In the 2024 HMDA reporting year, 17,929 mortgage applications were filed in Morris County, New Jersey. Of these, 9,073 were originated (approved and funded), while 2,769 were denied, resulting in a denial rate of 15.4%.
What is the mortgage denial rate in Morris County?
The mortgage denial rate in Morris County is 15.4%. The approval (origination) rate is 50.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Morris County?
The average mortgage loan amount in Morris County is $456,138. The average interest rate is 7.322%. The average applicant income is $38K.
What is the loan-to-income ratio in Morris County?
The average loan-to-income ratio in Morris County is 12.0x, meaning borrowers took on loans averaging 12.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Morris County?
The top mortgage lenders in Morris County by origination volume are Rocket Mortgage, Crosscountry Mortgage, LLC, Bank of America NA. In total, 374 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.