Lender report card · New Jersey

Western Express Lending

Lake Forest, CA · What the federal mortgage record shows about how Western Express Lending treated New Jersey applicants, 2018–2025 — 281 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.4%
268 approved
Denial rate
4.6%
13 denied
Decisions
281
2018–2025
Avg. rate spread
+0.20 pp
vs. market benchmark
95.4% approved
4.6% denied

Share of 281 New Jersey applications Western Express Lending approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.9% of 267 · NJ 87%

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

Approval rate over time

77%82%87%92%97%97%80%20202021

Pricing

Adjusting for its loan-type mix, Western Express Lending’s rates ran -0.05 pp lower than the typical New Jersey lender (average rate spread +0.20 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Western Express Lending approves

By income
$50–75k93.5% · 31$75–100k93.9% · 49$100–150k92.8% · 83$150–250k98.6% · 70$250k+96.8% · 31
By debt-to-income
Under 36%97.0% · 13236–43%97.4% · 7743–50%95.1% · 61
By down payment (LTV)
20%+ down94.3% · 21210–20% down100.0% · 37

Why Western Express Lending denied applications

Debt-to-income ratio46% of denialsUnverifiable information38% of denialsOther23% of denialsCredit history8% of denialsEmployment history8% of denialsCollateral (value/type)8% of denials

Where Western Express Lending lends in NJ

CountyDecisionsApproval
Camden County5796.5%
Burlington County4995.9%
Gloucester County3196.8%

Fees & closing costs

Median total loan costs
$4,234
home purchase
As % of loan
1.93%
NJ median 1.93%
Priced originations
55
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Western Express Lending’s home-purchase originations — about 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 Western Express Lending to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Western Express Lending (LEI 549300LTT1PNSPD2JT50). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →