Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Essex County, New Jersey
Every institution that decided a 1–4 unit mortgage application in Essex County, home to Newark, between 2023 and 2025: 40,585 applications, 28,238 loans actually funded, across 8 kinds of borrowing.
Essex County at a glance
40,585Applications decided
2023–2025
28,238Loans funded
70% of decisions
211Census tracts
31 ZIP codes
854,130People
ACS 2023
What the data shows
Lenders approved 85.2% of home-purchase applications in Essex County, 3.8 points below the New Jersey rate.
The typical purchase mortgage here is $535K.
Investment home improvement is the hardest money to get here: lenders approved 51% of 526 applications.
Lending by loan type in Essex County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 85.2% | 16,622 | $535K | 96% | 413 |
| Home improvement loans | 52.7% | 6,517 | $125K | 91% | 162 |
| Cash-out refinance | 60.5% | 5,799 | $265K | 94% | 266 |
| Refinance | 73.6% | 4,595 | $365K | 94% | 277 |
| Investment property purchase | 84.3% | 3,100 | $465K | 92% | 224 |
| Investment cash-out refinance | 77.2% | 1,968 | $475K | 92% | 167 |
| Investment refinance | 81.3% | 1,458 | $545K | 91% | 153 |
| Investment home improvement | 51.3% | 526 | $395K | 91% | 63 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.