The Mortgage Record
Lender report card · New Jersey

Plaza Home Mortgage, Inc

San Diego, CA · What the federal mortgage record shows about how Plaza Home Mortgage, Inc treated New Jersey applicants, 2018–2025 — 2,428 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
74.6%
1,812 approved
Denial rate
25.4%
616 denied
Decisions
2,428
2018–2025
Avg. rate spread
+0.55 pp
vs. market benchmark
74.6% approved
25.4% denied

Share of 2,428 New Jersey applications Plaza Home Mortgage, Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional77.7% of 1,546 · NJ 87%FHA69.3% of 789 · NJ 79%VA66.7% of 81 · NJ 80%

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

Approval rate over time

54%63%72%81%90%69%75%63%82%77%88%75%58%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Plaza Home Mortgage, Inc’s rates ran +0.12 pp higher than the typical New Jersey lender (average rate spread +0.55 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Plaza Home Mortgage, Inc approves

By income
Under $50k55.9% · 93$50–75k64.3% · 308$75–100k73.5% · 419$100–150k77.4% · 708$150–250k78.5% · 568$250k+76.2% · 290
By debt-to-income
Under 36%80.4% · 70936–43%78.9% · 48843–50%78.6% · 789Over 50%53.6% · 440
By down payment (LTV)
20%+ down75.6% · 1,22610–20% down73.9% · 3065–10% down78.4% · 3063–5% down73.0% · 370Under 3% down66.7% · 99

Why Plaza Home Mortgage, Inc denied applications

Other51% of denialsDebt-to-income ratio21% of denialsUnverifiable information13% of denialsIncomplete application13% of denialsCollateral (value/type)8% of denialsCredit history8% of denials

Where Plaza Home Mortgage, Inc lends in NJ

CountyDecisionsApproval
Bergen County33673.5%
Middlesex County23577.4%
Monmouth County23083.0%
Essex County20967.0%
Passaic County17372.3%
Ocean County17081.8%
Hudson County14471.5%
Union County14371.3%

Fees & closing costs

Median total loan costs
$11,256
home purchase
As % of loan
3.06%
NJ median 1.93%
Priced originations
1,090
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Plaza Home Mortgage, Inc’s home-purchase originations — 1.12 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $3,638. 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 Plaza Home Mortgage, Inc with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Trouble during payment process. 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 Plaza Home Mortgage, Inc 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 Plaza Home Mortgage, Inc (LEI 549300JYXTZDSPJEPI44). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →