The Mortgage Record
Lender report card · New Jersey

Gateway First Bank

Jenks, OK · What the federal mortgage record shows about how Gateway First Bank treated New Jersey applicants, 2018–2025 — 10,286 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.6%
9,625 approved
Denial rate
6.4%
661 denied
Decisions
10,286
2018–2025
Avg. rate spread
+0.64 pp
vs. market benchmark
93.6% approved
6.4% denied

Share of 10,286 New Jersey applications Gateway First Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.9% of 6,062 · NJ 87%FHA89.9% of 3,822 · NJ 79%VA94.1% of 324 · NJ 80%USDA88.5% of 78 · NJ 87%

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

Approval rate over time

88%90%92%94%96%91%94%95%94%93%94%94%94%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Gateway First Bank’s rates ran +0.17 pp higher than the typical New Jersey lender (average rate spread +0.64 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Gateway First Bank approves

By income
Under $50k85.6% · 1,397$50–75k92.6% · 2,629$75–100k95.6% · 2,102$100–150k95.4% · 2,367$150–250k96.4% · 1,383$250k+97.8% · 401
By debt-to-income
Under 36%96.3% · 3,31936–43%96.3% · 2,70043–50%94.6% · 3,063Over 50%77.3% · 1,188
By down payment (LTV)
20%+ down95.9% · 3,40510–20% down95.4% · 1,0315–10% down94.5% · 1,1903–5% down92.9% · 1,682Under 3% down89.6% · 1,714

Why Gateway First Bank denied applications

Debt-to-income ratio43% of denialsCredit history25% of denialsCollateral (value/type)18% of denialsInsufficient cash to close13% of denialsMortgage insurance denied11% of denialsOther11% of denials

Where Gateway First Bank lends in NJ

CountyDecisionsApproval
Camden County1,80492.0%
Burlington County1,13893.2%
Cumberland County1,00793.2%
Gloucester County96092.8%
Monmouth County84697.8%
Middlesex County78794.3%
Atlantic County68594.7%
Ocean County67896.5%

Fees & closing costs

Median total loan costs
$5,245
home purchase
As % of loan
2.31%
NJ median 1.93%
Priced originations
6,565
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Gateway First Bank’s home-purchase originations — 0.38 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $65. 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 Gateway First Bank (LEI 54930034MNPILHP25H80). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →