The Mortgage Record
Lender report card · New Jersey

Police And Fire Federal Credit Union

3333 Street Road, PA · What the federal mortgage record shows about how Police And Fire Federal Credit Union treated New Jersey applicants, 2018–2025 — 7,608 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
82.0%
6,240 approved
Denial rate
18.0%
1,368 denied
Decisions
7,608
2018–2025
Avg. rate spread
+0.22 pp
vs. market benchmark
82.0% approved
18.0% denied

Share of 7,608 New Jersey applications Police And Fire Federal Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional82.0% of 7,608 · NJ 87%

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

Approval rate over time

69%74%79%84%89%72%78%86%86%79%73%73%76%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Police And Fire Federal Credit Union’s rates ran -0.01 pp in line with than the typical New Jersey lender (average rate spread +0.22 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Police And Fire Federal Credit Union approves

By income
Under $50k51.5% · 583$50–75k75.0% · 1,138$75–100k82.5% · 1,506$100–150k86.9% · 2,191$150–250k87.7% · 1,777$250k+92.9% · 409
By debt-to-income
Under 36%89.5% · 3,94936–43%89.6% · 1,72443–50%85.6% · 1,287Over 50%8.7% · 641
By down payment (LTV)
20%+ down84.4% · 6,33610–20% down70.1% · 4215–10% down78.3% · 2033–5% down81.4% · 59Under 3% down33.7% · 86

Why Police And Fire Federal Credit Union denied applications

Debt-to-income ratio50% of denialsCredit history47% of denialsCollateral (value/type)13% of denialsOther7% of denialsEmployment history2% of denialsInsufficient cash to close1% of denials

Where Police And Fire Federal Credit Union lends in NJ

CountyDecisionsApproval
Camden County2,14880.3%
Gloucester County1,68780.6%
Burlington County1,59983.0%
Cape May County99785.9%
Atlantic County51383.2%
Ocean County17879.2%
Cumberland County9980.8%
Salem County9184.6%

Fees & closing costs

Median total loan costs
$3,185
home purchase
As % of loan
1.39%
NJ median 1.93%
Priced originations
726
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Police And Fire Federal Credit Union’s home-purchase originations — 0.55 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $500. 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 Police And Fire Federal Credit Union (LEI 54930063XGNMIXS57091). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →