The Mortgage Record
Lender report card · New Jersey

Academy Mortgage Corporation

Draper, UT · What the federal mortgage record shows about how Academy Mortgage Corporation treated New Jersey applicants, 2018–2025 — 438 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
92.7%
406 approved
Denial rate
7.3%
32 denied
Decisions
438
2018–2025
Avg. rate spread
+0.51 pp
vs. market benchmark
92.7% approved
7.3% denied

Share of 438 New Jersey applications Academy Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional93.9% of 346 · NJ 87%FHA87.7% of 73 · NJ 79%

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

Approval rate over time

80%85%90%95%100%91%83%99%93%92%100%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Academy Mortgage Corporation’s rates ran +0.18 pp higher than the typical New Jersey lender (average rate spread +0.51 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Academy Mortgage Corporation approves

By income
Under $50k90.2% · 41$50–75k88.5% · 78$75–100k95.2% · 63$100–150k92.7% · 110$150–250k92.2% · 103$250k+100.0% · 41
By debt-to-income
Under 36%94.6% · 16836–43%93.8% · 11343–50%92.4% · 119Over 50%82.4% · 34
By down payment (LTV)
20%+ down95.0% · 1205–10% down92.3% · 263–5% down89.7% · 29

Why Academy Mortgage Corporation denied applications

Incomplete application34% of denialsCollateral (value/type)31% of denialsDebt-to-income ratio12% of denialsInsufficient cash to close9% of denialsCredit history9% of denialsOther9% of denials

Where Academy Mortgage Corporation lends in NJ

CountyDecisionsApproval
Cape May County12092.5%
Camden County11091.8%
Burlington County7694.7%
Gloucester County3794.6%
Atlantic County2785.2%

Fees & closing costs

Median total loan costs
$4,063
home purchase
As % of loan
1.79%
NJ median 1.93%
Priced originations
295
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Academy Mortgage Corporation’s home-purchase originations — 0.14 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $75. 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 Academy Mortgage Corporation (LEI 549300WTZMQSET2VY242). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →