The Mortgage Record
Lender report card · New Jersey

Republic First Bank

Philadelphia, PA · What the federal mortgage record shows about how Republic First Bank treated New Jersey applicants, 2018–2025 — 6,792 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
90.6%
6,154 approved
Denial rate
9.4%
638 denied
Decisions
6,792
2018–2025
Avg. rate spread
+0.22 pp
vs. market benchmark
90.6% approved
9.4% denied

Share of 6,792 New Jersey applications Republic First Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional91.1% of 5,390 · NJ 87%FHA88.5% of 1,154 · NJ 79%VA91.0% of 177 · NJ 80%USDA87.3% of 71 · NJ 87%

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

Approval rate over time

58%67%76%85%94%92%91%91%91%90%62%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Republic First Bank’s rates ran -0.12 pp lower 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 Republic First Bank approves

By income
Under $50k73.7% · 722$50–75k89.2% · 1,278$75–100k90.8% · 1,125$100–150k93.5% · 1,333$150–250k94.9% · 1,210$250k+94.7% · 1,063
By debt-to-income
Under 36%94.2% · 3,23436–43%94.1% · 1,79743–50%92.5% · 1,314Over 50%44.2% · 414
By down payment (LTV)
20%+ down90.9% · 3,32310–20% down93.0% · 6465–10% down94.6% · 4483–5% down87.2% · 439Under 3% down81.7% · 526

Why Republic First Bank denied applications

Debt-to-income ratio41% of denialsCredit history26% of denialsCollateral (value/type)26% of denialsUnverifiable information19% of denialsEmployment history4% of denialsOther4% of denials

Where Republic First Bank lends in NJ

CountyDecisionsApproval
Burlington County1,65192.8%
Camden County1,54888.4%
Cape May County1,37193.6%
Gloucester County68789.7%
Atlantic County65585.0%
Ocean County23095.7%
Bergen County10481.7%
Mercer County9592.6%

Fees & closing costs

Median total loan costs
$4,267
home purchase
As % of loan
1.69%
NJ median 1.93%
Priced originations
4,294
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Republic First Bank’s home-purchase originations — 0.24 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $287. 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 Republic First Bank (LEI 549300JNTZTF40KCOF79). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →