Lender report card · New Jersey

Firstbank

Lexington, TN · What the federal mortgage record shows about how Firstbank treated New Jersey applicants, 2018–2025 — 1,369 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
83.6%
1,145 approved
Denial rate
16.4%
224 denied
Decisions
1,369
2018–2025
Avg. rate spread
-0.01 pp
vs. market benchmark
83.6% approved
16.4% denied

Share of 1,369 New Jersey applications Firstbank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional84.3% of 1,315 · NJ 87%FHA62.5% of 32 · NJ 79%

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

Approval rate over time

72%79%86%93%100%91%76%85%82%76%100%100%2018201920202021202220232024

Pricing

Adjusting for its loan-type mix, Firstbank’s rates ran -0.24 pp lower than the typical New Jersey lender (average rate spread -0.01 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Firstbank approves

By income
$50–75k69.1% · 97$75–100k78.1% · 183$100–150k84.8% · 441$150–250k88.5% · 471$250k+87.1% · 147
By debt-to-income
Under 36%87.8% · 73036–43%87.5% · 27143–50%90.7% · 279Over 50%6.6% · 76
By down payment (LTV)
20%+ down83.7% · 94610–20% down71.4% · 775–10% down70.7% · 41

Why Firstbank denied applications

Incomplete application46% of denialsDebt-to-income ratio29% of denialsCollateral (value/type)9% of denialsCredit history8% of denialsOther3% of denialsUnverifiable information2% of denials

Where Firstbank lends in NJ

CountyDecisionsApproval
Middlesex County23583.0%
Bergen County16284.0%
Monmouth County12986.0%
Morris County11883.1%
Somerset County10387.4%
Essex County8786.2%
Ocean County8583.5%
Mercer County7288.9%

Fees & closing costs

Median total loan costs
$5,127
home purchase
As % of loan
1.52%
NJ median 1.93%
Priced originations
246
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Firstbank’s home-purchase originations — 0.41 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $697. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Firstbank 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 Firstbank (LEI 549300OBO7DOF2KOP535). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →