The Mortgage Record
Lender report card · New Jersey

Luxury Mortgage Corp.

Stamford, CT · What the federal mortgage record shows about how Luxury Mortgage Corp. treated New Jersey applicants, 2018–2025 — 781 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
79.0%
617 approved
Denial rate
21.0%
164 denied
Decisions
781
2018–2025
Avg. rate spread
+0.74 pp
vs. market benchmark
79.0% approved
21.0% denied

Share of 781 New Jersey applications Luxury 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional80.0% of 704 · NJ 87%FHA73.6% of 72 · NJ 79%

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

Approval rate over time

65%72%79%86%93%92%82%91%74%69%73%74%68%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Luxury Mortgage Corp.’s rates ran +0.45 pp higher than the typical New Jersey lender (average rate spread +0.74 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Luxury Mortgage Corp. approves

By income
Under $50k61.9% · 63$50–75k68.1% · 69$75–100k73.6% · 121$100–150k80.9% · 183$150–250k84.1% · 157$250k+85.4% · 171
By debt-to-income
Under 36%85.7% · 29336–43%85.8% · 16243–50%82.2% · 213Over 50%29.4% · 68
By down payment (LTV)
20%+ down81.1% · 53910–20% down77.5% · 895–10% down72.5% · 403–5% down81.4% · 43

Why Luxury Mortgage Corp. denied applications

Other29% of denialsDebt-to-income ratio26% of denialsIncomplete application21% of denialsUnverifiable information16% of denialsCredit history14% of denialsInsufficient cash to close9% of denials

Where Luxury Mortgage Corp. lends in NJ

CountyDecisionsApproval
Bergen County16082.5%
Hudson County8574.1%
Essex County8475.0%
Ocean County8384.3%
Passaic County7977.2%
Monmouth County6178.7%
Union County4883.3%
Middlesex County4472.7%

Fees & closing costs

Median total loan costs
$8,952
home purchase
As % of loan
2.28%
NJ median 1.93%
Priced originations
340
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Luxury Mortgage Corp.’s home-purchase originations — 0.34 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,228. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Luxury 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 Luxury Mortgage Corp. (LEI 254900V6GCDMRQZ34D96). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →