Lender report card · New Jersey

Ownerschoice Funding, Inc.

Albany, NY · What the federal mortgage record shows about how Ownerschoice Funding, Inc. treated New Jersey applicants, 2018–2025 — 255 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
65.9%
168 approved
Denial rate
34.1%
87 denied
Decisions
255
2018–2025
Avg. rate spread
+0.32 pp
vs. market benchmark
65.9% approved
34.1% denied

Share of 255 New Jersey applications Ownerschoice Funding, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional67.8% of 245 · NJ 87%

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

Approval rate over time

22%41%60%79%98%51%56%64%86%100%50%25%2018201920202021202220232024

Pricing

Adjusting for its loan-type mix, Ownerschoice Funding, Inc.’s rates ran +0.09 pp higher than the typical New Jersey lender (average rate spread +0.32 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Ownerschoice Funding, Inc. approves

By income
Under $50k40.0% · 30$50–75k55.6% · 36$75–100k71.7% · 60$100–150k72.6% · 62$150–250k69.6% · 56
By debt-to-income
Under 36%70.4% · 13536–43%86.0% · 5043–50%65.1% · 43Over 50%7.7% · 26
By down payment (LTV)
20%+ down72.4% · 170

Why Ownerschoice Funding, Inc. denied applications

Debt-to-income ratio29% of denialsIncomplete application24% of denialsCredit history22% of denialsOther18% of denialsCollateral (value/type)17% of denialsEmployment history3% of denials

Where Ownerschoice Funding, Inc. lends in NJ

CountyDecisionsApproval
Atlantic County4967.3%
Salem County3863.2%
Middlesex County2958.6%

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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 Ownerschoice Funding, Inc. (LEI 549300W5V403XF1RX254). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →