The Mortgage Record
Lender report card · New Jersey

American Financial Resources Llc

Parsippany, NJ · What the federal mortgage record shows about how American Financial Resources Llc treated New Jersey applicants, 2018–2025 — 2,081 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
88.4%
1,840 approved
Denial rate
11.6%
241 denied
Decisions
2,081
2018–2025
Avg. rate spread
+0.79 pp
vs. market benchmark
88.4% approved
11.6% denied

Share of 2,081 New Jersey applications American Financial Resources Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional90.0% of 897 · NJ 87%FHA86.6% of 1,042 · NJ 79%VA92.6% of 122 · NJ 80%

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

Approval rate over time

75%80%85%90%95%87%93%90%83%82%78%91%90%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, American Financial Resources Llc’s rates ran +0.23 pp higher than the typical New Jersey lender (average rate spread +0.79 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who American Financial Resources Llc approves

By income
Under $50k86.0% · 328$50–75k87.8% · 409$75–100k87.8% · 369$100–150k89.7% · 494$150–250k90.5% · 378$250k+87.4% · 103
By debt-to-income
Under 36%92.2% · 64236–43%92.7% · 41043–50%91.4% · 590Over 50%74.9% · 439
By down payment (LTV)
20%+ down90.8% · 63910–20% down89.1% · 1745–10% down87.0% · 1463–5% down88.0% · 426Under 3% down86.4% · 184

Why American Financial Resources Llc denied applications

Debt-to-income ratio37% of denialsCredit history30% of denialsOther17% of denialsCollateral (value/type)15% of denialsInsufficient cash to close6% of denialsUnverifiable information6% of denials

Where American Financial Resources Llc lends in NJ

CountyDecisionsApproval
Essex County20183.1%
Morris County19791.4%
Burlington County19189.5%
Ocean County16493.3%
Bergen County15586.5%
Union County15188.7%
Camden County14889.9%
Middlesex County13885.5%

Fees & closing costs

Median total loan costs
$8,122
home purchase
As % of loan
3.38%
NJ median 1.93%
Priced originations
831
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on American Financial Resources Llc’s home-purchase originations — 1.45 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $720. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare American Financial Resources Llc 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 American Financial Resources Llc (LEI 5493002B2WMHY23GFK92). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →