The Mortgage Record
Lender report card · New Jersey

First Guaranty Mortgage Corpor

Plano, TX · What the federal mortgage record shows about how First Guaranty Mortgage Corpor treated New Jersey applicants, 2018–2025 — 2,490 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
82.0%
2,041 approved
Denial rate
18.0%
449 denied
Decisions
2,490
2018–2025
Avg. rate spread
+0.57 pp
vs. market benchmark
82.0% approved
18.0% denied

Share of 2,490 New Jersey applications First Guaranty Mortgage Corpor approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional83.7% of 1,343 · NJ 87%FHA78.5% of 990 · NJ 79%VA89.8% of 147 · NJ 80%

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

Approval rate over time

62%69%76%83%90%77%69%87%87%65%20182019202020212022

Pricing

Adjusting for its loan-type mix, First Guaranty Mortgage Corpor’s rates ran +0.10 pp higher than the typical New Jersey lender (average rate spread +0.57 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who First Guaranty Mortgage Corpor approves

By income
Under $50k50.3% · 143$50–75k75.1% · 349$75–100k75.8% · 384$100–150k83.4% · 488$150–250k90.9% · 383$250k+80.9% · 141
By debt-to-income
Under 36%88.3% · 75236–43%86.0% · 42143–50%82.0% · 451Over 50%36.4% · 261
By down payment (LTV)
20%+ down81.1% · 1,20510–20% down73.5% · 1705–10% down82.5% · 1033–5% down76.1% · 188Under 3% down74.1% · 27

Why First Guaranty Mortgage Corpor denied applications

Credit history40% of denialsDebt-to-income ratio35% of denialsOther23% of denialsUnverifiable information8% of denialsCollateral (value/type)8% of denialsIncomplete application5% of denials

Where First Guaranty Mortgage Corpor lends in NJ

CountyDecisionsApproval
Ocean County25283.7%
Bergen County24183.0%
Essex County19877.8%
Union County19285.4%
Middlesex County17887.6%
Passaic County16084.4%
Burlington County15983.6%
Camden County15975.5%

Fees & closing costs

Median total loan costs
$8,799
home purchase
As % of loan
2.92%
NJ median 1.93%
Priced originations
545
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First Guaranty Mortgage Corpor’s home-purchase originations — 0.99 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,034. 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 First Guaranty Mortgage Corpor (LEI 549300MMIZD8222YV754). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →