The Mortgage Record
Lender report card · New Jersey

Sierra Pacific Mortgage Co. Inc

Folsom, CA · What the federal mortgage record shows about how Sierra Pacific Mortgage Co. Inc treated New Jersey applicants, 2018–2025 — 2,370 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
79.3%
1,879 approved
Denial rate
20.7%
491 denied
Decisions
2,370
2018–2025
Avg. rate spread
+0.66 pp
vs. market benchmark
79.3% approved
20.7% denied

Share of 2,370 New Jersey applications Sierra Pacific Mortgage Co. Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional80.1% of 1,617 · NJ 87%FHA78.3% of 722 · NJ 79%VA61.3% of 31 · NJ 80%

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

Approval rate over time

63%69%75%81%87%79%82%78%80%67%67%84%88%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Sierra Pacific Mortgage Co. Inc’s rates ran +0.21 pp higher than the typical New Jersey lender (average rate spread +0.66 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Sierra Pacific Mortgage Co. Inc approves

By income
Under $50k70.6% · 102$50–75k76.7% · 464$75–100k80.7% · 601$100–150k81.0% · 706$150–250k77.2% · 337$250k+83.2% · 107
By debt-to-income
Under 36%80.3% · 54836–43%84.9% · 60243–50%80.2% · 800Over 50%65.8% · 365
By down payment (LTV)
20%+ down79.8% · 96110–20% down83.4% · 2835–10% down75.4% · 2443–5% down82.2% · 343Under 3% down55.6% · 45

Why Sierra Pacific Mortgage Co. Inc denied applications

Employment history36% of denialsUnverifiable information33% of denialsCollateral (value/type)25% of denialsInsufficient cash to close23% of denialsCredit history16% of denialsDebt-to-income ratio15% of denials

Where Sierra Pacific Mortgage Co. Inc lends in NJ

CountyDecisionsApproval
Bergen County61585.2%
Passaic County46579.4%
Essex County27074.1%
Hudson County24878.6%
Union County16872.0%
Middlesex County11173.9%
Morris County10986.2%
Ocean County10162.4%

Fees & closing costs

Median total loan costs
$9,748
home purchase
As % of loan
2.94%
NJ median 1.93%
Priced originations
1,158
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Sierra Pacific Mortgage Co. Inc’s home-purchase originations — 1.00 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $3,783. 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 Sierra Pacific Mortgage Co. Inc (LEI 254900TTZ395IC926125). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →