The Mortgage Record
Lender report card · New Jersey

Lennar Mortgage, Llc

Miami, FL · What the federal mortgage record shows about how Lennar Mortgage, Llc treated New Jersey applicants, 2018–2025 — 3,135 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
94.0%
2,948 approved
Denial rate
6.0%
187 denied
Decisions
3,135
2018–2025
Avg. rate spread
+0.15 pp
vs. market benchmark
94.0% approved
6.0% denied

Share of 3,135 New Jersey applications Lennar Mortgage, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.2% of 2,895 · NJ 87%FHA74.7% of 174 · NJ 79%VA92.3% of 65 · NJ 80%

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

Approval rate over time

84%87%90%93%96%99%88%93%95%97%94%95%95%94%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Lennar Mortgage, Llc’s rates ran -0.10 pp lower than the typical New Jersey lender (average rate spread +0.15 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Lennar Mortgage, Llc approves

By income
Under $50k63.5% · 74$50–75k86.6% · 209$75–100k94.8% · 307$100–150k93.5% · 845$150–250k96.5% · 1,122$250k+96.1% · 569
By debt-to-income
Under 36%97.9% · 1,25736–43%96.9% · 69943–50%96.7% · 935Over 50%58.1% · 236
By down payment (LTV)
20%+ down95.7% · 2,06810–20% down93.4% · 3615–10% down90.8% · 3063–5% down84.9% · 53Under 3% down97.1% · 35

Why Lennar Mortgage, Llc denied applications

Debt-to-income ratio50% of denialsCredit history22% of denialsUnverifiable information14% of denialsEmployment history9% of denialsOther9% of denialsIncomplete application6% of denials

Where Lennar Mortgage, Llc lends in NJ

CountyDecisionsApproval
Ocean County53295.1%
Middlesex County52695.6%
Monmouth County51991.1%
Morris County44896.0%
Mercer County40996.3%
Burlington County35594.1%
Passaic County8994.4%
Camden County8285.4%

Fees & closing costs

Median total loan costs
$4,787
home purchase
As % of loan
1.33%
NJ median 1.93%
Priced originations
2,823
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Lennar Mortgage, Llc’s home-purchase originations — 0.60 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $66. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Lennar Mortgage, Llc 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 Lennar Mortgage, Llc (LEI 549300H3IZO24NSOO931). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →