The Mortgage Record
Lender report card · New Jersey

Financial Resources Federal Cr

Branchburg, NJ · What the federal mortgage record shows about how Financial Resources Federal Cr treated New Jersey applicants, 2018–2025 — 837 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.8%
785 approved
Denial rate
6.2%
52 denied
Decisions
837
2018–2025
Avg. rate spread
+0.09 pp
vs. market benchmark
93.8% approved
6.2% denied

Share of 837 New Jersey applications Financial Resources Federal Cr approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional93.8% of 837 · NJ 87%

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

Approval rate over time

85%88%91%94%97%100%91%88%96%95%97%96%89%95%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Financial Resources Federal Cr’s rates ran -0.14 pp lower than the typical New Jersey lender (average rate spread +0.09 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Financial Resources Federal Cr approves

By income
Under $50k59.3% · 27$50–75k84.4% · 77$75–100k94.6% · 111$100–150k95.4% · 219$150–250k97.4% · 265$250k+97.5% · 121
By debt-to-income
Under 36%97.4% · 38636–43%99.1% · 21743–50%94.3% · 194Over 50%27.3% · 33
By down payment (LTV)
20%+ down93.6% · 55110–20% down96.6% · 875–10% down98.1% · 54

Why Financial Resources Federal Cr denied applications

Debt-to-income ratio35% of denialsOther31% of denialsCredit history27% of denialsCollateral (value/type)10% of denialsEmployment history6% of denialsUnverifiable information4% of denials

Where Financial Resources Federal Cr lends in NJ

CountyDecisionsApproval
Somerset County20892.8%
Middlesex County17993.9%
Hunterdon County9293.5%
Monmouth County42100.0%
Ocean County4097.5%
Bergen County3994.9%
Mercer County3989.7%
Union County3889.5%

Fees & closing costs

Median total loan costs
$4,838
home purchase
As % of loan
1.30%
NJ median 1.93%
Priced originations
388
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Financial Resources Federal Cr’s home-purchase originations — 0.63 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $874. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Financial Resources Federal Cr 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 Financial Resources Federal Cr (LEI 549300US45HOXL30J494). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →