The Mortgage Record
Lender report card · New Jersey

Fairway Independent Mort Corp

Madison, WI · What the federal mortgage record shows about how Fairway Independent Mort Corp treated New Jersey applicants, 2018–2025 — 10,104 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
91.3%
9,220 approved
Denial rate
8.7%
884 denied
Decisions
10,104
2018–2025
Avg. rate spread
+0.49 pp
vs. market benchmark
91.3% approved
8.7% denied

Share of 10,104 New Jersey applications Fairway Independent Mort Corp approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional92.4% of 7,349 · NJ 87%FHA87.0% of 2,257 · NJ 79%VA93.4% of 469 · NJ 80%USDA86.2% of 29 · NJ 87%

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

Approval rate over time

83%86%89%92%95%98%93%94%91%89%86%91%94%96%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Fairway Independent Mort Corp’s rates ran +0.13 pp higher than the typical New Jersey lender (average rate spread +0.49 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Fairway Independent Mort Corp approves

By income
Under $50k80.1% · 503$50–75k89.3% · 1,620$75–100k90.0% · 1,905$100–150k93.1% · 2,763$150–250k93.0% · 2,182$250k+94.0% · 993
By debt-to-income
Under 36%94.7% · 3,38636–43%94.7% · 2,40543–50%93.0% · 2,933Over 50%71.7% · 1,269
By down payment (LTV)
20%+ down91.7% · 4,65910–20% down92.2% · 1,3255–10% down89.9% · 1,2033–5% down89.8% · 1,296Under 3% down87.8% · 540

Why Fairway Independent Mort Corp denied applications

Debt-to-income ratio31% of denialsIncomplete application23% of denialsCredit history18% of denialsCollateral (value/type)12% of denialsOther11% of denialsUnverifiable information7% of denials

Where Fairway Independent Mort Corp lends in NJ

CountyDecisionsApproval
Burlington County1,65094.7%
Bergen County1,14389.9%
Monmouth County84089.6%
Ocean County71089.6%
Mercer County67395.5%
Middlesex County66090.3%
Union County61988.9%
Camden County60794.7%

Fees & closing costs

Median total loan costs
$6,372
home purchase
As % of loan
2.10%
NJ median 1.93%
Priced originations
6,587
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Fairway Independent Mort Corp’s home-purchase originations — 0.17 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $176. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Fairway Independent Mort Corp to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Fairway Independent Mort Corp (LEI 549300MGPZBLQDIL7538). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →