The Mortgage Record
Lender report card · New Jersey

North American Savings Bank

Grandview, MO · What the federal mortgage record shows about how North American Savings Bank treated New Jersey applicants, 2018–2025 — 1,366 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
65.8%
899 approved
Denial rate
34.2%
467 denied
Decisions
1,366
2018–2025
Avg. rate spread
-0.08 pp
vs. market benchmark
65.8% approved
34.2% denied

Share of 1,366 New Jersey applications North American Savings Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional62.9% of 971 · NJ 87%FHA44.1% of 68 · NJ 79%VA78.9% of 327 · NJ 80%

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

Approval rate over time

48%57%66%75%84%62%56%68%74%52%85%73%67%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, North American Savings Bank’s rates ran -0.23 pp lower than the typical New Jersey lender (average rate spread -0.08 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who North American Savings Bank approves

By income
Under $50k26.1% · 46$50–75k50.0% · 112$75–100k67.0% · 176$100–150k66.2% · 364$150–250k68.6% · 398$250k+59.1% · 154
By debt-to-income
Under 36%61.2% · 62636–43%72.2% · 24543–50%72.3% · 231Over 50%44.4% · 144
By down payment (LTV)
20%+ down65.7% · 76910–20% down50.6% · 1725–10% down67.9% · 813–5% down37.1% · 35Under 3% down77.3% · 75

Why North American Savings Bank denied applications

Incomplete application69% of denialsDebt-to-income ratio12% of denialsOther8% of denialsCollateral (value/type)5% of denialsCredit history5% of denialsUnverifiable information2% of denials

Where North American Savings Bank lends in NJ

CountyDecisionsApproval
Middlesex County18859.0%
Morris County13476.1%
Bergen County12967.4%
Monmouth County12070.0%
Mercer County8756.3%
Somerset County8574.1%
Burlington County8371.1%
Essex County8161.7%

Fees & closing costs

Median total loan costs
$5,921
home purchase
As % of loan
1.67%
NJ median 1.93%
Priced originations
303
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on North American Savings Bank’s home-purchase originations — 0.26 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $64. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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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 North American Savings Bank (LEI 549300K6K2IS7FRS7S09). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →