Lender report card · New Jersey

Sovereign Lending Group Inc.

Newport Beach, CA · What the federal mortgage record shows about how Sovereign Lending Group Inc. treated New Jersey applicants, 2018–2025 — 826 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
36.2%
299 approved
Denial rate
63.8%
527 denied
Decisions
826
2018–2025
Avg. rate spread
+0.10 pp
vs. market benchmark
36.2% approved
63.8% denied

Share of 826 New Jersey applications Sovereign Lending Group Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional35.8% of 425 · NJ 87%FHA22.8% of 197 · NJ 79%VA50.0% of 204 · NJ 80%

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

Approval rate over time

18%27%36%45%54%23%53%42%36%27%21%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Sovereign Lending Group Inc.’s rates ran -0.12 pp lower than the typical New Jersey lender (average rate spread +0.10 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Sovereign Lending Group Inc. approves

By income
Under $50k31.2% · 240$50–75k23.9% · 188$75–100k38.3% · 141$100–150k45.4% · 152$150–250k54.9% · 91
By debt-to-income
Under 36%47.6% · 16636–43%57.0% · 10743–50%48.0% · 150Over 50%7.3% · 300
By down payment (LTV)
20%+ down36.3% · 50210–20% down41.6% · 895–10% down45.7% · 46Under 3% down56.9% · 51

Why Sovereign Lending Group Inc. denied applications

Debt-to-income ratio52% of denialsCredit history40% of denialsCollateral (value/type)9% of denialsIncomplete application6% of denialsOther3% of denialsEmployment history1% of denials

Where Sovereign Lending Group Inc. lends in NJ

CountyDecisionsApproval
Essex County7037.1%
Monmouth County7038.6%
Ocean County6937.7%
Burlington County6829.4%
Union County6835.3%
Middlesex County6737.3%
Bergen County6741.8%
Passaic County4231.0%

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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 Sovereign Lending Group Inc. (LEI 549300BFJ8COFCPOMU05). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →