The Mortgage Record
Lender report card · New Jersey

Vandyk Mortgage Corporation

Grand Rapids, MI · What the federal mortgage record shows about how Vandyk Mortgage Corporation treated New Jersey applicants, 2018–2025 — 726 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
89.8%
652 approved
Denial rate
10.2%
74 denied
Decisions
726
2018–2025
Avg. rate spread
+0.51 pp
vs. market benchmark
89.8% approved
10.2% denied

Share of 726 New Jersey applications Vandyk 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional90.6% of 533 · NJ 87%FHA87.9% of 165 · NJ 79%

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

Approval rate over time

63%72%81%90%99%67%83%92%91%95%100%100%2019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Vandyk Mortgage Corporation’s rates ran +0.14 pp higher than the typical New Jersey lender (average rate spread +0.51 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Vandyk Mortgage Corporation approves

By income
Under $50k83.8% · 68$50–75k90.5% · 147$75–100k93.2% · 148$100–150k88.3% · 179$150–250k91.7% · 133$250k+90.2% · 41
By debt-to-income
Under 36%92.1% · 25236–43%94.5% · 16543–50%94.8% · 213Over 50%63.6% · 88
By down payment (LTV)
20%+ down89.6% · 38510–20% down88.5% · 1315–10% down92.4% · 793–5% down93.2% · 103Under 3% down78.6% · 28

Why Vandyk Mortgage Corporation denied applications

Incomplete application38% of denialsDebt-to-income ratio38% of denialsCredit history8% of denialsEmployment history7% of denialsInsufficient cash to close7% of denialsOther5% of denials

Where Vandyk Mortgage Corporation lends in NJ

CountyDecisionsApproval
Ocean County31293.6%
Monmouth County11794.9%
Morris County4393.0%
Essex County4285.7%
Middlesex County3187.1%
Bergen County2972.4%
Passaic County2580.0%

Fees & closing costs

Median total loan costs
$8,058
home purchase
As % of loan
2.78%
NJ median 1.93%
Priced originations
385
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Vandyk Mortgage Corporation’s home-purchase originations — 0.84 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $641. 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 Vandyk Mortgage Corporation (LEI 549300XQ7B5FIVUNFE29). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →