The Mortgage Record
Lender report card · New Jersey

Residential Home Mortgage Corporation

Hampton, NJ · What the federal mortgage record shows about how Residential Home Mortgage Corporation treated New Jersey applicants, 2018–2025 — 1,838 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.4%
1,716 approved
Denial rate
6.6%
122 denied
Decisions
1,838
2018–2025
Avg. rate spread
+0.28 pp
vs. market benchmark
93.4% approved
6.6% denied

Share of 1,838 New Jersey applications Residential Home Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.1% of 1,602 · NJ 87%FHA80.5% of 226 · NJ 79%

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

Approval rate over time

85%88%91%94%97%89%92%96%96%92%97%95%95%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Residential Home Mortgage Corporation’s rates ran -0.02 pp in line with than the typical New Jersey lender (average rate spread +0.28 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Residential Home Mortgage Corporation approves

By income
Under $50k75.0% · 32$50–75k87.6% · 161$75–100k91.9% · 235$100–150k93.6% · 595$150–250k95.4% · 570$250k+97.5% · 240
By debt-to-income
Under 36%95.7% · 89136–43%94.8% · 44343–50%93.8% · 371Over 50%73.8% · 126
By down payment (LTV)
20%+ down96.9% · 1,00610–20% down91.8% · 2325–10% down90.4% · 1353–5% down82.9% · 76

Why Residential Home Mortgage Corporation denied applications

Collateral (value/type)30% of denialsDebt-to-income ratio24% of denialsCredit history23% of denialsIncomplete application14% of denialsUnverifiable information10% of denialsInsufficient cash to close4% of denials

Where Residential Home Mortgage Corporation lends in NJ

CountyDecisionsApproval
Bergen County28895.8%
Middlesex County17495.4%
Hunterdon County16593.3%
Morris County15696.8%
Monmouth County15092.0%
Somerset County14194.3%
Union County12692.9%
Warren County12090.8%

Fees & closing costs

Median total loan costs
$5,702
home purchase
As % of loan
1.63%
NJ median 1.93%
Priced originations
870
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Residential Home Mortgage Corporation’s home-purchase originations — 0.30 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $695. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Residential Home Mortgage Corporation to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Residential Home Mortgage Corporation (LEI 5493005OOIYF660YQO46). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →