Lender report card · New Jersey

Axos Bank

San Diego, CA · What the federal mortgage record shows about how Axos Bank treated New Jersey applicants, 2018–2025 — 372 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
69.1%
257 approved
Denial rate
30.9%
115 denied
Decisions
372
2018–2025
Avg. rate spread
+0.38 pp
vs. market benchmark
69.1% approved
30.9% denied

Share of 372 New Jersey applications Axos Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional71.7% of 346 · NJ 87%

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

Approval rate over time

39%50%61%72%83%68%62%81%76%46%44%61%43%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Axos Bank’s rates ran +0.14 pp higher than the typical New Jersey lender (average rate spread +0.38 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Axos Bank approves

By income
Under $50k10.3% · 29$50–75k51.1% · 45$75–100k65.6% · 32$100–150k77.0% · 87$150–250k77.4% · 93$250k+81.7% · 82
By debt-to-income
Under 36%84.7% · 13736–43%82.8% · 6443–50%85.6% · 90Over 50%9.7% · 72
By down payment (LTV)
20%+ down72.6% · 274

Why Axos Bank denied applications

Debt-to-income ratio55% of denialsCredit history24% of denialsCollateral (value/type)22% of denialsOther16% of denialsInsufficient cash to close10% of denialsUnverifiable information7% of denials

Where Axos Bank lends in NJ

CountyDecisionsApproval
Bergen County5367.9%
Monmouth County4259.5%
Essex County3857.9%
Hudson County3278.1%
Middlesex County3265.6%
Ocean County2860.7%
Morris County2774.1%

Fees & closing costs

Median total loan costs
$9,644
home purchase
As % of loan
2.21%
NJ median 1.93%
Priced originations
68
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Axos Bank’s home-purchase originations — 0.27 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $928. 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 Axos Bank (LEI 2549009X2AG1P20YAJ63). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →