The Mortgage Record
Lender report card · New Jersey

Draper And Kramer Mortgage Corp.

Downers Grove, IL · What the federal mortgage record shows about how Draper And Kramer Mortgage Corp. treated New Jersey applicants, 2018–2025 — 4,184 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
97.5%
4,081 approved
Denial rate
2.5%
103 denied
Decisions
4,184
2018–2025
Avg. rate spread
+0.31 pp
vs. market benchmark
97.5% approved
2.5% denied

Share of 4,184 New Jersey applications Draper And Kramer Mortgage Corp. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.3% of 3,591 · NJ 87%FHA91.2% of 432 · NJ 79%VA98.2% of 111 · NJ 80%USDA98.0% of 50 · NJ 87%

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

Approval rate over time

92%94%96%98%100%97%97%98%98%97%96%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Draper And Kramer Mortgage Corp.’s rates ran +0.02 pp in line with than the typical New Jersey lender (average rate spread +0.31 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Draper And Kramer Mortgage Corp. approves

By income
Under $50k93.1% · 334$50–75k96.6% · 706$75–100k96.5% · 635$100–150k98.5% · 997$150–250k98.8% · 904$250k+98.7% · 607
By debt-to-income
Under 36%98.9% · 1,73236–43%98.2% · 1,15643–50%97.6% · 1,085Over 50%81.1% · 190
By down payment (LTV)
20%+ down99.0% · 2,51010–20% down97.8% · 4015–10% down97.4% · 3073–5% down94.0% · 217Under 3% down89.7% · 194

Why Draper And Kramer Mortgage Corp. denied applications

Debt-to-income ratio33% of denialsCollateral (value/type)19% of denialsCredit history18% of denialsOther16% of denialsInsufficient cash to close12% of denialsEmployment history9% of denials

Where Draper And Kramer Mortgage Corp. lends in NJ

CountyDecisionsApproval
Ocean County1,22298.3%
Atlantic County68996.2%
Cape May County59498.3%
Morris County19298.4%
Monmouth County18098.3%
Burlington County18096.1%
Middlesex County14297.9%
Bergen County12796.1%

Fees & closing costs

Median total loan costs
$4,774
home purchase
As % of loan
1.85%
NJ median 1.93%
Priced originations
2,110
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Draper And Kramer Mortgage Corp.’s home-purchase originations — 0.08 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $263. 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 Draper And Kramer Mortgage Corp. (LEI 5493001R92DY5DI1DI85). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →