The Mortgage Record
Lender report card · New Jersey

State Financial Network Llc

Chadds Ford, PA · What the federal mortgage record shows about how State Financial Network Llc treated New Jersey applicants, 2018–2025 — 373 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
87.9%
328 approved
Denial rate
12.1%
45 denied
Decisions
373
2018–2025
Avg. rate spread
+0.31 pp
vs. market benchmark
87.9% approved
12.1% denied

Share of 373 New Jersey applications State Financial Network Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional87.9% of 373 · NJ 87%

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

Approval rate over time

75%80%85%90%95%83%86%92%89%79%91%90%93%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, State Financial Network Llc’s rates ran +0.09 pp higher than the typical New Jersey lender (average rate spread +0.31 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who State Financial Network Llc approves

By income
Under $50k71.0% · 31$50–75k86.2% · 65$75–100k90.0% · 50$100–150k86.5% · 96$150–250k95.5% · 89$250k+89.7% · 39
By debt-to-income
Under 36%89.8% · 17736–43%91.9% · 8643–50%93.4% · 91
By down payment (LTV)
20%+ down92.6% · 23010–20% down90.0% · 305–10% down75.7% · 373–5% down84.0% · 25

Why State Financial Network Llc denied applications

Collateral (value/type)47% of denialsDebt-to-income ratio29% of denialsOther20% of denialsCredit history11% of denialsEmployment history4% of denialsMortgage insurance denied4% of denials

Where State Financial Network Llc lends in NJ

CountyDecisionsApproval
Cape May County8093.8%
Gloucester County5887.9%
Camden County4481.8%
Atlantic County3886.8%

Fees & closing costs

Median total loan costs
$3,391
home purchase
As % of loan
1.51%
NJ median 1.93%
Priced originations
149
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on State Financial Network Llc’s home-purchase originations — 0.42 points lower than the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare State Financial Network Llc to other lenders for your profile

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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 State Financial Network Llc (LEI 5493000SW5GLNL7VNX12). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →