Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Passaic County, New Jersey
Every institution that decided a 1–4 unit mortgage application in Passaic County, home to Paterson, between 2023 and 2025: 23,242 applications, 16,269 loans actually funded, across 8 kinds of borrowing.
Passaic County at a glance
23,242Applications decided
2023–2025
16,269Loans funded
70% of decisions
120Census tracts
26 ZIP codes
518,289People
ACS 2023
What the data shows
The typical purchase mortgage here is $465K.
Investment home improvement is the hardest money to get here: lenders approved 46% of 225 applications.
Lending by loan type in Passaic County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 87.3% | 9,662 | $465K | 96% | 340 |
| Home improvement loans | 52.0% | 4,277 | $105K | 91% | 115 |
| Cash-out refinance | 64.1% | 3,731 | $245K | 94% | 222 |
| Refinance | 73.7% | 2,586 | $295K | 93% | 205 |
| Investment property purchase | 83.6% | 1,430 | $395K | 93% | 190 |
| Investment cash-out refinance | 76.9% | 891 | $425K | 92% | 130 |
| Investment refinance | 74.3% | 440 | $415K | 89% | 109 |
| Investment home improvement | 45.8% | 225 | $105K | 87% | 46 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.