The Mortgage Record
Lender report card · New Jersey

Us Mortgage Corporation

Melville, NY · What the federal mortgage record shows about how Us Mortgage Corporation treated New Jersey applicants, 2018–2025 — 1,926 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
87.1%
1,678 approved
Denial rate
12.9%
248 denied
Decisions
1,926
2018–2025
Avg. rate spread
+0.65 pp
vs. market benchmark
87.1% approved
12.9% denied

Share of 1,926 New Jersey applications Us 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional88.4% of 1,155 · NJ 87%FHA84.5% of 690 · NJ 79%VA90.3% of 72 · NJ 80%

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

Approval rate over time

72%77%82%87%92%87%90%89%89%76%88%86%92%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Us Mortgage Corporation’s rates ran +0.18 pp higher than the typical New Jersey lender (average rate spread +0.65 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Us Mortgage Corporation approves

By income
Under $50k72.7% · 187$50–75k85.5% · 441$75–100k86.4% · 413$100–150k89.6% · 501$150–250k92.8% · 277$250k+96.2% · 78
By debt-to-income
Under 36%90.5% · 48336–43%92.0% · 41543–50%92.6% · 678Over 50%63.7% · 317
By down payment (LTV)
20%+ down87.9% · 77110–20% down89.6% · 2025–10% down89.4% · 2073–5% down87.3% · 308Under 3% down88.2% · 161

Why Us Mortgage Corporation denied applications

Debt-to-income ratio37% of denialsCollateral (value/type)17% of denialsIncomplete application15% of denialsCredit history15% of denialsOther14% of denialsUnverifiable information8% of denials

Where Us Mortgage Corporation lends in NJ

CountyDecisionsApproval
Camden County33387.7%
Gloucester County22887.7%
Burlington County19087.9%
Middlesex County15190.1%
Monmouth County14090.7%
Atlantic County12188.4%
Bergen County10286.3%
Ocean County10090.0%

Fees & closing costs

Median total loan costs
$7,880
home purchase
As % of loan
3.39%
NJ median 1.93%
Priced originations
1,078
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Us Mortgage Corporation’s home-purchase originations — 1.46 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $156. 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 Us Mortgage Corporation (LEI 54930039IUN6515TBG78). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →