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2024 data HMDA 2024 disclosure official source

Union County

16,703 mortgage applications, 19.7% denial rate. Verify FIPS 34039 with U.S. Census Bureau →

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New Jersey · FIPS 34039

Local mortgage market. Union County, New Jersey saw 16,703 HMDA-reported mortgage applications in 2024. Lenders originated 7,674 of those loans and denied 3,294, producing a denial rate of 19.7% and an approval (origination) rate of 45.9%. The average loan amount was $424,315 at an average note rate of 7.43%, with applicants self-reporting average annual income of $39K. 363 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.9x, meaning typical borrowers took on mortgages of about 10.9 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 34039 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

16,703
Applications
7,674
Originated
19.7%
Denial Rate
45.9%
Approval Rate
$424,315
Avg Loan Amount
7.43%
Avg Interest Rate
$39K
Avg Applicant Income
10.9x
Loan-to-Income Ratio

Nearby Lenders in Union 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 421 5.5%
2 CBNA Year to Date 386 5.0%
3 United Wholesale Mortgage 374 4.9%
4 TD Bank 311 4.1%
5 Bank of America NA 280 3.6%
Compare Rocket Mortgage vs CBNA Year to Date →

Frequently Asked Questions

How many mortgage applications were filed in Union County?
In the 2024 HMDA reporting year, 16,703 mortgage applications were filed in Union County, New Jersey. Of these, 7,674 were originated (approved and funded), while 3,294 were denied, resulting in a denial rate of 19.7%.
What is the mortgage denial rate in Union County?
The mortgage denial rate in Union County is 19.7%. The approval (origination) rate is 45.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Union County?
The average mortgage loan amount in Union County is $424,315. The average interest rate is 7.426%. The average applicant income is $39K.
What is the loan-to-income ratio in Union County?
The average loan-to-income ratio in Union County is 10.9x, meaning borrowers took on loans averaging 10.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Union County?
The top mortgage lenders in Union County by origination volume are Rocket Mortgage, CBNA Year to Date, United Wholesale Mortgage. In total, 363 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.