Lender report card · New Jersey

Champions Funding, Llc

Gilbert, AZ · What the federal mortgage record shows about how Champions Funding, Llc treated New Jersey applicants, 2018–2025 — 563 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
76.9%
433 approved
Denial rate
23.1%
130 denied
Decisions
563
2018–2025
Avg. rate spread
+2.67 pp
vs. market benchmark
76.9% approved
23.1% denied

Share of 563 New Jersey applications Champions Funding, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional76.9% of 563 · NJ 87%

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

Approval rate over time

42%56%70%84%98%100%45%84%77%2022202320242025

Pricing

Adjusting for its loan-type mix, Champions Funding, Llc’s rates ran +2.45 pp higher than the typical New Jersey lender (average rate spread +2.67 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Champions Funding, Llc approves

By income
$100–150k68.6% · 35$150–250k81.8% · 44$250k+74.2% · 66
By debt-to-income
Under 36%75.9% · 5843–50%76.3% · 38
By down payment (LTV)
20%+ down75.8% · 178

Why Champions Funding, Llc denied applications

Incomplete application68% of denialsInsufficient cash to close18% of denialsOther8% of denialsCollateral (value/type)2% of denialsCredit history2% of denials

Where Champions Funding, Llc lends in NJ

CountyDecisionsApproval
Bergen County7577.3%
Ocean County6387.3%
Monmouth County5373.6%
Morris County4383.7%
Passaic County4175.6%
Essex County4173.2%
Union County3976.9%
Middlesex County3871.1%

Fees & closing costs

Median total loan costs
$17,198
home purchase
As % of loan
4.79%
NJ median 1.93%
Priced originations
287
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Champions Funding, Llc’s home-purchase originations — 2.86 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $200. 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 Champions Funding, Llc (LEI 984500U2F9A83N391A91). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →