The Mortgage Record
Lender report card · New Jersey

Kwik Mortgage Corporation

Parsippany, NJ · What the federal mortgage record shows about how Kwik Mortgage Corporation treated New Jersey applicants, 2018–2025 — 4,772 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.5%
4,605 approved
Denial rate
3.5%
167 denied
Decisions
4,772
2018–2025
Avg. rate spread
-0.02 pp
vs. market benchmark
96.5% approved
3.5% denied

Share of 4,772 New Jersey applications Kwik Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.1% of 4,625 · NJ 87%FHA77.4% of 137 · NJ 79%

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

Approval rate over time

87%90%93%96%99%95%97%99%91%96%95%95%2018202020212022202320242025

Pricing

Adjusting for its loan-type mix, Kwik Mortgage Corporation’s rates ran -0.26 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 Kwik Mortgage Corporation approves

By income
Under $50k83.6% · 73$50–75k90.5% · 328$75–100k93.8% · 504$100–150k96.8% · 1,493$150–250k98.4% · 1,666$250k+97.3% · 702
By debt-to-income
Under 36%99.0% · 2,29636–43%97.6% · 1,03843–50%96.6% · 1,042Over 50%37.9% · 95
By down payment (LTV)
20%+ down97.6% · 3,63810–20% down96.1% · 5195–10% down91.4% · 2693–5% down79.2% · 48

Why Kwik Mortgage Corporation denied applications

Debt-to-income ratio47% of denialsOther35% of denialsCollateral (value/type)19% of denialsCredit history15% of denialsUnverifiable information7% of denialsEmployment history7% of denials

Where Kwik Mortgage Corporation lends in NJ

CountyDecisionsApproval
Middlesex County1,96996.7%
Somerset County53696.5%
Morris County46198.3%
Bergen County30093.7%
Hudson County24896.0%
Mercer County24697.6%
Monmouth County20496.1%
Essex County18697.3%

Fees & closing costs

Median total loan costs
$6,064
home purchase
As % of loan
1.44%
NJ median 1.93%
Priced originations
1,464
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Kwik Mortgage Corporation’s home-purchase originations — 0.49 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $823. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Kwik Mortgage Corporation 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 Kwik Mortgage Corporation (LEI 2549004CU9LAM5CYA280). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →