Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Somerset County, New Jersey
Every institution that decided a 1–4 unit mortgage application in Somerset County, home to North Plainfield, between 2023 and 2025: 20,473 applications, 15,752 loans actually funded, across 8 kinds of borrowing.
Somerset County at a glance
20,473Applications decided
2023–2025
15,752Loans funded
77% of decisions
74Census tracts
24 ZIP codes
346,203People
ACS 2023
What the data shows
The typical purchase mortgage here is $475K.
Investment home improvement is the hardest money to get here: lenders approved 51% of 121 applications.
Lending by loan type in Somerset County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 91.5% | 9,634 | $475K | 96% | 385 |
| Home improvement loans | 62.7% | 3,467 | $115K | 92% | 122 |
| Cash-out refinance | 69.9% | 3,035 | $175K | 95% | 208 |
| Refinance | 78.2% | 3,058 | $295K | 95% | 237 |
| Investment property purchase | 88.3% | 764 | $325K | 95% | 171 |
| Investment cash-out refinance | 75.2% | 262 | $345K | 92% | 94 |
| Investment refinance | 77.3% | 132 | $295K | 90% | 72 |
| Investment home improvement | 51.2% | 121 | $165K | 84% | 39 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.