The Mortgage Record
Lender report card · New Jersey

Greenway Mortgage Funding Corp.

Middletown, NJ · What the federal mortgage record shows about how Greenway Mortgage Funding Corp. treated New Jersey applicants, 2018–2025 — 3,449 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.3%
3,219 approved
Denial rate
6.7%
230 denied
Decisions
3,449
2018–2025
Avg. rate spread
+0.35 pp
vs. market benchmark
93.3% approved
6.7% denied

Share of 3,449 New Jersey applications Greenway Mortgage Funding Corp. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional94.6% of 2,864 · NJ 87%FHA86.3% of 505 · NJ 79%VA95.2% of 62 · NJ 80%

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

Approval rate over time

86%88%90%92%94%96%95%93%94%94%92%92%94%89%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Greenway Mortgage Funding Corp.’s rates ran +0.03 pp in line with than the typical New Jersey lender (average rate spread +0.35 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Greenway Mortgage Funding Corp. approves

By income
Under $50k79.9% · 164$50–75k92.1% · 466$75–100k94.3% · 576$100–150k93.5% · 1,027$150–250k96.4% · 813$250k+92.4% · 394
By debt-to-income
Under 36%96.7% · 1,15636–43%94.7% · 91243–50%94.2% · 945Over 50%68.2% · 267
By down payment (LTV)
20%+ down94.4% · 1,89910–20% down92.3% · 3765–10% down90.3% · 2473–5% down88.2% · 255Under 3% down81.3% · 75

Why Greenway Mortgage Funding Corp. denied applications

Debt-to-income ratio38% of denialsCollateral (value/type)18% of denialsOther16% of denialsCredit history16% of denialsEmployment history13% of denialsUnverifiable information10% of denials

Where Greenway Mortgage Funding Corp. lends in NJ

CountyDecisionsApproval
Monmouth County80493.7%
Ocean County71795.1%
Middlesex County47592.2%
Bergen County29697.0%
Union County16694.6%
Hudson County15183.4%
Somerset County15195.4%
Morris County10889.8%

Fees & closing costs

Median total loan costs
$6,217
home purchase
As % of loan
1.96%
NJ median 1.93%
Priced originations
1,790
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Greenway Mortgage Funding Corp.’s home-purchase originations — about the 1.93% New Jersey median. Typical lender credit toward costs: $99. 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 Greenway Mortgage Funding Corp. (LEI 549300YM15OICCNPH537). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →