The Mortgage Record
Lender report card · New Jersey

Paramount Residential Mortgage

Corona, CA · What the federal mortgage record shows about how Paramount Residential Mortgage treated New Jersey applicants, 2018–2025 — 12,048 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
91.4%
11,010 approved
Denial rate
8.6%
1,038 denied
Decisions
12,048
2018–2025
Avg. rate spread
+0.70 pp
vs. market benchmark
91.4% approved
8.6% denied

Share of 12,048 New Jersey applications Paramount Residential Mortgage approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional92.8% of 6,659 · NJ 87%FHA89.5% of 4,916 · NJ 79%VA92.7% of 412 · NJ 80%USDA82.0% of 61 · NJ 87%

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

Approval rate over time

80%84%88%92%96%83%86%93%94%89%92%95%95%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Paramount Residential Mortgage’s rates ran +0.19 pp higher than the typical New Jersey lender (average rate spread +0.70 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Paramount Residential Mortgage approves

By income
Under $50k84.9% · 688$50–75k87.5% · 2,078$75–100k91.6% · 2,648$100–150k92.3% · 3,648$150–250k94.0% · 2,263$250k+94.9% · 685
By debt-to-income
Under 36%93.5% · 2,69636–43%93.9% · 2,57643–50%93.6% · 4,062Over 50%83.3% · 2,567
By down payment (LTV)
20%+ down93.4% · 4,67910–20% down92.2% · 1,4435–10% down91.5% · 1,6323–5% down91.5% · 2,943Under 3% down83.7% · 393

Why Paramount Residential Mortgage denied applications

Debt-to-income ratio28% of denialsIncomplete application25% of denialsOther24% of denialsCollateral (value/type)13% of denialsCredit history7% of denialsEmployment history5% of denials

Where Paramount Residential Mortgage lends in NJ

CountyDecisionsApproval
Ocean County1,54693.5%
Union County1,53890.1%
Essex County1,47788.8%
Middlesex County1,34293.4%
Passaic County93890.2%
Bergen County84590.4%
Monmouth County80994.6%
Somerset County50990.2%

Fees & closing costs

Median total loan costs
$10,680
home purchase
As % of loan
3.16%
NJ median 1.93%
Priced originations
7,954
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Paramount Residential Mortgage’s home-purchase originations — 1.22 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,759. 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 Paramount Residential Mortgage (LEI 254900ZFWS2106HWPH46). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →