The Mortgage Record
Lender report card · New Jersey

1ST 2ND Mortgage Company Of N.j., Inc.

Cresskill, NJ · What the federal mortgage record shows about how 1ST 2ND Mortgage Company Of N.j., Inc. treated New Jersey applicants, 2018–2025 — 3,284 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
97.9%
3,214 approved
Denial rate
2.1%
70 denied
Decisions
3,284
2018–2025
Avg. rate spread
+0.37 pp
vs. market benchmark
97.9% approved
2.1% denied

Share of 3,284 New Jersey applications 1ST 2ND Mortgage Company Of N.j., Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.6% of 2,607 · NJ 87%FHA95.0% of 637 · NJ 79%VA94.9% of 39 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

86%89%92%95%98%90%100%99%98%95%96%95%2018202020212022202320242025

Pricing

Adjusting for its loan-type mix, 1ST 2ND Mortgage Company Of N.j., Inc.’s rates ran +0.02 pp in line with than the typical New Jersey lender (average rate spread +0.37 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who 1ST 2ND Mortgage Company Of N.j., Inc. approves

By income
Under $50k92.6% · 162$50–75k97.4% · 508$75–100k97.6% · 661$100–150k98.2% · 1,023$150–250k99.0% · 681$250k+98.4% · 248
By debt-to-income
Under 36%98.9% · 2,22336–43%98.3% · 60243–50%94.8% · 386
By down payment (LTV)
20%+ down99.3% · 1,91810–20% down98.8% · 3465–10% down98.0% · 3423–5% down97.7% · 299Under 3% down91.2% · 34

Why 1ST 2ND Mortgage Company Of N.j., Inc. denied applications

Debt-to-income ratio40% of denialsCredit history23% of denialsUnverifiable information19% of denialsInsufficient cash to close13% of denialsEmployment history10% of denialsCollateral (value/type)9% of denials

Where 1ST 2ND Mortgage Company Of N.j., Inc. lends in NJ

CountyDecisionsApproval
Bergen County84798.3%
Passaic County48898.0%
Essex County34295.9%
Morris County27299.6%
Ocean County21397.7%
Burlington County18198.3%
Middlesex County17398.8%
Union County14799.3%

Fees & closing costs

Median total loan costs
$7,855
home purchase
As % of loan
2.57%
NJ median 1.93%
Priced originations
1,535
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on 1ST 2ND Mortgage Company Of N.j., Inc.’s home-purchase originations — 0.64 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $188. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare 1ST 2ND Mortgage Company Of N.j., Inc. to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by 1ST 2ND Mortgage Company Of N.j., Inc. (LEI 549300ZOBXG0DT4I6U54). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →