The Mortgage Record
Lender report card · New Jersey

Nj Lenders Corp

Little Falls, NJ · What the federal mortgage record shows about how Nj Lenders Corp treated New Jersey applicants, 2018–2025 — 38,636 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
97.1%
37,507 approved
Denial rate
2.9%
1,129 denied
Decisions
38,636
2018–2025
Avg. rate spread
+0.07 pp
vs. market benchmark
97.1% approved
2.9% denied

Share of 38,636 New Jersey applications Nj Lenders Corp approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.7% of 34,555 · NJ 87%FHA91.5% of 3,592 · NJ 79%VA94.9% of 471 · NJ 80%

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

Approval rate over time

90%92%94%96%98%100%97%97%98%98%96%94%95%96%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Nj Lenders Corp’s rates ran -0.22 pp lower than the typical New Jersey lender (average rate spread +0.07 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Nj Lenders Corp approves

By income
Under $50k96.8% · 12,496$50–75k94.5% · 2,231$75–100k96.3% · 3,695$100–150k97.2% · 7,933$150–250k98.0% · 8,073$250k+97.9% · 4,202
By debt-to-income
Under 36%98.6% · 17,91636–43%98.3% · 9,56343–50%97.4% · 9,028Over 50%77.9% · 2,092
By down payment (LTV)
20%+ down97.9% · 24,13110–20% down96.9% · 5,0685–10% down95.8% · 3,6073–5% down93.6% · 1,944Under 3% down91.3% · 931

Why Nj Lenders Corp denied applications

Debt-to-income ratio46% of denialsCollateral (value/type)20% of denialsOther18% of denialsCredit history13% of denialsUnverifiable information7% of denialsEmployment history6% of denials

Where Nj Lenders Corp lends in NJ

CountyDecisionsApproval
Bergen County8,84797.1%
Middlesex County3,93998.3%
Morris County3,77397.9%
Essex County3,55697.0%
Hudson County3,29795.7%
Monmouth County3,27497.0%
Passaic County3,22697.1%
Ocean County2,18896.5%

Fees & closing costs

Median total loan costs
$5,248
home purchase
As % of loan
1.36%
NJ median 1.93%
Priced originations
20,543
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Nj Lenders Corp’s home-purchase originations — 0.57 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $925. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
11
from NJ, 2022–present

Complaints New Jersey mortgage customers filed against Nj Lenders Corp with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Closing on a mortgage. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Nj Lenders 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 Nj Lenders Corp (LEI 549300JZD4L02YZI3Z50). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →