Mortgage by CountyWhat home buyers actually paid, county by county

Independent analysis of official mortgage recordsHMDA 2025 · 7,155,718 applications

New Jersey · Lakewood-New Brunswick, NJ

Monmouth County, NJ: mortgages, home buyers & loan limits

What buyers in Monmouth County actually borrowed, earned and paid in 2025, from the official Home Mortgage Disclosure Act records — plus the 2026 conforming and FHA loan limits.

HMDA 2025 data released June 23, 2026 · Loan limits for calendar year 2026

In 2025, lenders reported 5,393 home-purchase mortgages for owner-occupied, single-family homes in Monmouth County, NJ. The median buyer borrowed $535,000 on a home valued at $715,000 and reported a household income of $187,000.

Buyers financed a median 80% of the home's value (roughly 20% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $6,870.

Lenders denied 7.5% of completed home-purchase applications.

Conforming limit 2026
$1,209,750
1-unit home · FHFA
FHA limit 2026
$1,249,125
1-unit home · HUD
Buyer income
$187,000
U.S. $116,000
30-yr fixed rate
6.625%
U.S. 6.625%
Loan costs
$6,870
Conventional · U.S. $5,570
Denial rate
7.5%
Purchase · U.S. 8.5%

Key facts about Monmouth County mortgages

  • Home buyers' median income ($187,000) is 21% higher than the New Jersey median ($155,000).
  • Median conventional loan costs ($6,870) were 23% higher than the U.S. median ($5,570).
  • FHA loans made up 6.4% of purchase mortgages, versus 21.1% nationally.
  • 69.0% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
  • The most common age bracket among borrowers was 25–34 (39.1% of purchase loans).
  • 44.5% of purchase mortgages had a single borrower with no co-applicant.
  • The most-cited reason for denial was debt-to-income ratio (42.5% of denials with a stated reason).

National rank among 1,994 counties with at least 100 purchase loans: median income of home buyers 38th · median home-purchase loan 63rd · median conventional loan costs 161st · purchase application denial rate 1121st. See rankings.

2026 loan limits in Monmouth County

PropertyConforming 2026vs 2025FHA 2026vs 2025
1 unit $1,209,750 no change $1,249,125 +$39,375
2 units $1,548,975 no change $1,599,375 +$50,400
3 units $1,872,225 no change $1,933,200 +$60,975
4 units $2,326,875 no change $2,402,625 +$75,750

2026 limits for Monmouth County, NJ: conforming (Fannie Mae / Freddie Mac) from FHFA; FHA forward-mortgage limits from HUD. FHA treats this county as a high-cost area (limit above the national floor). Loans above the conforming limit are "jumbo" loans. Unusually, the 2026 FHA limit here is higher than the conforming limit: FHFA held this county at its 2025 level while HUD raised the FHA limit.

All New Jersey counties: New Jersey 2026 loan limits. FHFA and HUD normally announce the next year's limits in late November.

Who bought homes in Monmouth County

Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.

Purchase loans
5,393
of 6,002 applications
Buyer income
$187,000
Middle half $130,000–$276,000
Home value
$715,000
Middle half $545,000–$945,000
Loan amount
$535,000
Middle half $385,000–$695,000
Down payment
20%
69.0% put 20%+ down
Single borrower
44.5%
No co-applicant

Values are medians; "middle half" is the 25th to 75th percentile.

Loan type

Conventional 91.3% 4,925
FHA 6.4% 347
VA 2.2% 121

What the homes were for

Primary residence 92.3% 5,441
Second home 4.8% 283
Investment property 2.9% 169

All first-lien, closed-end purchase mortgages, including second homes and investors.

Borrower age

Under 25 2.2%
25–34 39.1%
35–44 30.6%
45–54 13.0%
55–64 9.6%
65–74 4.5%
75 and over 0.9%

Debt-to-income ratio

Under 20% 3.7%
20–29% 15.5%
30–35% 16.6%
36–42% 25.1%
43–49% 35.4%
50–60% 3.6%
Over 60% 0.1%

Monthly debts (including the new payment) as a share of income, as used in underwriting.

What borrowing cost in Monmouth County

Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.

MeasureMonmouth CountyNew JerseyU.S.
30-year fixed rate · conventional6.625%6.625%6.625%
30-year fixed rate · FHA6.375%6.375%6.250%
30-year fixed rate · VA6.125%6.250%6.125%
15-year fixed rate · conventional5.875%5.750%5.875%
Rate spread vs. APOR · conventional+0.09 pts+0.12 pts+0.13 pts
Total loan costs · conventional$6,870$6,720$5,570
Total loan costs · FHA$16,700$15,860$11,310
Total loan costs · VA$9,790$8,370$6,490
Origination charges (all loan types)$1,700$1,830$1,860
Borrowers paying discount points37.3%41.5%51.3%
Points paid, when paid (% of loan)0.65%0.75%0.87%
Borrowers receiving lender credits40.1%39.0%33.1%
Adjustable-rate mortgages10.6%8.9%7.4%
Jumbo loans (above conforming limit)4.6%3.6%3.8%

Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.

Approvals and denials

Monmouth County: 450 of 6,002 completed home-purchase applications were denied (7.5%).

Denial rate

ApplicationMonmouth CountyNew JerseyU.S.
Home purchase7.5%8.4%8.5%
Conventional6.9%7.2%7.1%
FHA14.8%14.0%12.5%
VA9.0%9.8%8.0%
USDA—23.5%12.5%
Refinance14.0%15.8%17.9%
Cash-out refinance27.2%31.3%33.6%

Main reason for purchase denials

Debt-to-income ratio 42.5%
Collateral (appraisal/property) 16.5%
Other 9.1%
Credit application incomplete 8.0%
Credit history 7.3%
Insufficient cash (down payment/closing costs) 7.3%
Unverifiable information 6.5%
Employment history 2.4%
Mortgage insurance denied 0.2%

First reason the lender reported.

Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.

Refinancing in Monmouth County

Refinances
1,231
Median loan $555,000
Refi rate
6.25%
30-yr fixed, conv.
Refi loan costs
$5,380
Conventional
Cash-out refis
1,199
Median loan $435,000
Cash-out rate
6.75%
30-yr fixed, conv.
Cash-out income
$159,000
Median borrower

Top mortgage lenders in Monmouth County

337 lenders originated at least one home-purchase or refinance loan here in 2025. The table ranks them by loan count; pricing columns compare conventional purchase loans only.

#LenderLoansShareDenial rate30-yr rate*Spread*Costs*
1 CrossCountry Mortgage, Inc. 559 7.1% 2.7% 6.750% +0.22 $8,180
2 Rocket Mortgage, LLC 532 6.8% 11.8% 6.625% +0.06 $7,330
3 Advisors Mortgage Group, L.L.C. 473 6.0% 2.4% 6.625% +0.13 $5,750
4 United Wholesale Mortgage (UWM) 446 5.7% 11.7% 6.625% +0.21 $10,630
5 JPMorgan Chase Bank, N.A. 247 3.2% 7.6% 6.375% −0.14 $5,810
6 loanDepot.com, LLC 238 3.0% 5.0% 6.625% +0.16 $6,190
7 Rate 233 3.0% 3.1% 6.575% +0.07 $5,800
8 Pennymac Loan Services, LLC 206 2.6% 8.6% 6.750% +0.23 $10,200
9 American Neighborhood Mortgage Acceptance Company LLC 148 1.9% 1.7% 6.875% +0.27 $7,830
10 OceanFirst Bank, N.A. 140 1.8% 0.8% 6.250% −0.18 $5,280
11 CMG Mortgage, Inc. 140 1.8% 4.5% 6.625% +0.20 $8,780
12 Toll Brothers Mortgage Company 136 1.7% 9.1% 6.625% +0.10 $6,730
13 Wells Fargo Bank, N.A. 133 1.7% 11.8% 6.375% −0.20 $6,910
14 The Federal Savings Bank 109 1.4% 2.1% 6.750% +0.21 $7,390
15 Absolute Home Mortgage Corporation 109 1.4% 1.1% 6.875% +0.28 $6,180
16 Citizens Bank, N.A. 105 1.3% 6.1% 6.375% −0.23 $8,350
17 NVR Mortgage Finance, Inc. 104 1.3% 37.7% 6.750% +0.12 $4,240
18 Bank of America, N.A. 104 1.3% 3.7% 6.250% −0.38 $6,660
19 Paramount Residential Mortgage Group, Inc. 103 1.3% 0.0% 6.500% +0.20 $7,910
20 U.S. Bank, N.A. 98 1.3% 5.3% 6.625% −0.11 $6,340
21 Manasquan Bank 92 1.2% 0.0% 6.625% +0.09 $6,720
22 K. Hovnanian American Mortgage, L.L.C. 90 1.1% 14.3% 6.875% +0.30 $6,440
23 Lennar Mortgage, LLC 90 1.1% 7.2% 6.625% −0.30 $5,210
24 Newrez LLC 85 1.1% 14.3% 6.875% +0.38 $5,660
25 TD Bank, N.A. 79 1.0% 7.0% 6.500% −0.01 $6,980

Lenders in Monmouth County, NJ. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).

Check a quote for Monmouth County

Typical effective property-tax rate 1.65% = median real estate taxes ÷ median home value, U.S. Census Bureau ACS 2020–2024 5-year estimates.

Nearby counties

CountyDistancePurchase loansMedian loanBuyer incomeConforming limitFHA limit
Middlesex County, NJ17 mi5,197$475,000$156,000$1,209,750$1,249,125
Richmond County, NY19 mi2,691$515,000$144,000$1,209,750$1,249,125
Kings County, NY26 mi5,630$725,000$220,000$1,209,750$1,249,125
Union County, NJ27 mi3,168$565,000$180,000$1,209,750$1,249,125
Mercer County, NJ29 mi2,713$405,000$149,000$832,750$541,287
Ocean County, NJ30 mi5,408$395,000$130,000$1,209,750$1,249,125

Frequently asked questions

What is the 2026 conforming loan limit in Monmouth County?

$1,209,750 for a one-unit home (FHFA). Two- to four-unit limits are $1,548,975, $1,872,225, $2,326,875. Loans above the limit are jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac.

What is the 2026 FHA loan limit in Monmouth County?

$1,249,125 for a one-unit home (HUD). Monmouth County is an FHA high-cost area; HUD's median price used to set the limit is $996,000.

How much do home buyers in Monmouth County earn?

The median household income reported on 2025 home-purchase mortgages was $187,000; the middle half of buyers reported $130,000 to $276,000.

What mortgage rate did buyers in Monmouth County get in 2025?

The median rate on 30-year fixed conventional purchase loans was 6.625%; FHA borrowers paid a median 6.375%. These are rates locked during 2025; check today's rates with several lenders.

How often are mortgage applications denied in Monmouth County?

7.5% of completed home-purchase applications were denied in 2025; the most common stated reason was debt-to-income ratio.

Sources: FFIEC/CFPB HMDA 2025 public loan/application register (Snapshot as of June 1, 2026); FHFA 2026 conforming loan limits; HUD 2026 FHA forward-mortgage limits; U.S. Census Bureau. Figures describe typical 2025 loans, not your offer. Methodology