The Mortgage Record
Lender report card · New Jersey

1st Constitution Bank

Cranbury, NJ · What the federal mortgage record shows about how 1st Constitution Bank treated New Jersey applicants, 2018–2025 — 2,472 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.7%
2,391 approved
Denial rate
3.3%
81 denied
Decisions
2,472
2018–2025
Avg. rate spread
+0.35 pp
vs. market benchmark
96.7% approved
3.3% denied

Share of 2,472 New Jersey applications 1st Constitution Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.3% of 2,201 · NJ 87%FHA92.9% of 269 · NJ 79%

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

Approval rate over time

90%92%94%96%98%100%93%95%98%97%2018201920202021

Pricing

Adjusting for its loan-type mix, 1st Constitution Bank’s rates ran +0.05 pp higher than the typical New Jersey lender (average rate spread +0.35 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 Constitution Bank approves

By income
Under $50k87.9% · 157$50–75k94.7% · 436$75–100k96.9% · 387$100–150k97.9% · 671$150–250k98.5% · 583$250k+98.3% · 236
By debt-to-income
Under 36%98.7% · 1,06136–43%97.1% · 59143–50%97.2% · 602Over 50%84.5% · 207
By down payment (LTV)
20%+ down97.3% · 1,68210–20% down99.1% · 2235–10% down98.4% · 1263–5% down93.0% · 129

Why 1st Constitution Bank denied applications

Other35% of denialsDebt-to-income ratio32% of denialsCollateral (value/type)16% of denialsCredit history15% of denialsUnverifiable information12% of denialsEmployment history2% of denials

Where 1st Constitution Bank lends in NJ

CountyDecisionsApproval
Ocean County41197.1%
Middlesex County39296.4%
Somerset County35496.9%
Monmouth County30998.7%
Union County18693.5%
Hudson County17895.5%
Bergen County11198.2%
Mercer County10194.1%

Fees & closing costs

Median total loan costs
$4,708
home purchase
As % of loan
1.72%
NJ median 1.93%
Priced originations
836
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on 1st Constitution Bank’s home-purchase originations — 0.21 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $488. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by 1st Constitution Bank (LEI 5493002T7QJXHY7QTC73). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →