The Mortgage Record
Lender report card · New Jersey

American Federal Mortgage Corporation

Chester, NJ · What the federal mortgage record shows about how American Federal Mortgage Corporation treated New Jersey applicants, 2018–2025 — 8,664 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.7%
8,295 approved
Denial rate
4.3%
369 denied
Decisions
8,664
2018–2025
Avg. rate spread
-0.07 pp
vs. market benchmark
95.7% approved
4.3% denied

Share of 8,664 New Jersey applications American Federal 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional95.9% of 8,547 · NJ 87%FHA84.4% of 109 · NJ 79%

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

Approval rate over time

90%92%94%96%98%100%97%96%95%97%94%96%95%94%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, American Federal Mortgage Corporation’s rates ran -0.31 pp lower than the typical New Jersey lender (average rate spread -0.07 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who American Federal Mortgage Corporation approves

By income
Under $50k93.0% · 1,150$50–75k90.7% · 409$75–100k95.2% · 785$100–150k96.6% · 2,189$150–250k96.7% · 2,827$250k+96.6% · 1,303
By debt-to-income
Under 36%97.6% · 4,68536–43%97.2% · 1,68843–50%94.9% · 1,116Over 50%13.7% · 117
By down payment (LTV)
20%+ down96.6% · 6,76210–20% down92.6% · 6765–10% down92.6% · 3673–5% down86.7% · 75Under 3% down28.6% · 35

Why American Federal Mortgage Corporation denied applications

Debt-to-income ratio34% of denialsCollateral (value/type)32% of denialsOther18% of denialsCredit history12% of denialsEmployment history6% of denialsUnverifiable information5% of denials

Where American Federal Mortgage Corporation lends in NJ

CountyDecisionsApproval
Middlesex County1,44496.0%
Morris County1,31795.7%
Somerset County89097.9%
Bergen County78594.8%
Monmouth County64594.1%
Mercer County49696.0%
Essex County48895.5%
Hudson County38994.9%

Fees & closing costs

Median total loan costs
$4,449
home purchase
As % of loan
1.16%
NJ median 1.93%
Priced originations
3,509
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on American Federal Mortgage Corporation’s home-purchase originations — 0.78 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $893. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare American Federal Mortgage Corporation to other lenders for your profile

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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 American Federal Mortgage Corporation (LEI 549300KWKWPEKL40WD44). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →