Homestead Funding Corp.
Albany, NY · What the federal mortgage record shows about how Homestead Funding Corp. treated New Jersey applicants, 2018–2025 — 579 reported decisions. This is historical behavior, not a prediction about your loan.
Share of 579 New Jersey applications Homestead 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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
“NJ” = the statewide average approval rate for that loan type, for comparison.
Approval rate over time
Pricing
Adjusting for its loan-type mix, Homestead Funding Corp.’s rates ran -0.23 pp lower than the typical New Jersey lender (average rate spread +0.02 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.
Who Homestead Funding Corp. approves
Why Homestead Funding Corp. denied applications
Where Homestead Funding Corp. lends in NJ
| County | Decisions | Approval |
|---|---|---|
| Bergen County | 80 | 92.5% |
| Middlesex County | 74 | 94.6% |
| Morris County | 59 | 100.0% |
| Essex County | 45 | 88.9% |
| Monmouth County | 42 | 95.2% |
| Union County | 35 | 88.6% |
| Somerset County | 32 | 100.0% |
| Hudson County | 29 | 89.7% |
Fees & closing costs
Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Homestead Funding Corp.’s home-purchase originations — 0.47 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $1,295. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →
Compare Homestead Funding Corp. to other lenders for your profile
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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 Homestead Funding Corp. (LEI 549300T3F9S1MKFKHC53). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →