Lender report card · New Jersey

Homexpress Mortgage Corp.

Santa Ana, CA · What the federal mortgage record shows about how Homexpress Mortgage Corp. treated New Jersey applicants, 2018–2025 — 522 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
64.0%
334 approved
Denial rate
36.0%
188 denied
Decisions
522
2018–2025
Avg. rate spread
+2.44 pp
vs. market benchmark
64.0% approved
36.0% denied

Share of 522 New Jersey applications Homexpress Mortgage Corp. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional64.4% of 503 · NJ 87%

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

Approval rate over time

22%37%52%67%82%72%65%26%79%66%57%73%62%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Homexpress Mortgage Corp.’s rates ran +2.20 pp higher than the typical New Jersey lender (average rate spread +2.44 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Homexpress Mortgage Corp. approves

By income
$50–75k64.3% · 42$75–100k54.2% · 48$100–150k58.1% · 117$150–250k72.3% · 101$250k+67.8% · 152
By debt-to-income
Under 36%67.0% · 23336–43%66.7% · 10543–50%70.4% · 108Over 50%32.8% · 58
By down payment (LTV)
20%+ down61.5% · 38210–20% down72.4% · 76

Why Homexpress Mortgage Corp. denied applications

Credit history34% of denialsCollateral (value/type)28% of denialsIncomplete application26% of denialsDebt-to-income ratio17% of denialsOther14% of denialsUnverifiable information12% of denials

Where Homexpress Mortgage Corp. lends in NJ

CountyDecisionsApproval
Ocean County7064.3%
Bergen County5560.0%
Middlesex County4355.8%
Essex County4156.1%
Burlington County3982.1%
Somerset County3458.8%
Passaic County3363.6%
Monmouth County2759.3%

Fees & closing costs

Median total loan costs
$13,059
home purchase
As % of loan
3.68%
NJ median 1.93%
Priced originations
182
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Homexpress Mortgage Corp.’s home-purchase originations — 1.75 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $4,716. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Homexpress Mortgage Corp. to other lenders for your profile

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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 Homexpress Mortgage Corp. (LEI 549300R77W0P105C3S50). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →