The Mortgage Record
Lender report card · New Jersey

Change Lending

Anaheim, CA · What the federal mortgage record shows about how Change Lending treated New Jersey applicants, 2018–2025 — 1,114 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
82.5%
919 approved
Denial rate
17.5%
195 denied
Decisions
1,114
2018–2025
Avg. rate spread
+2.45 pp
vs. market benchmark
82.5% approved
17.5% denied

Share of 1,114 New Jersey applications Change Lending approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional83.0% of 1,085 · NJ 87%FHA62.1% of 29 · NJ 79%

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

Approval rate over time

72%76%80%84%88%75%84%79%77%87%20212022202320242025

Pricing

Adjusting for its loan-type mix, Change Lending’s rates ran +2.21 pp higher than the typical New Jersey lender (average rate spread +2.45 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Change Lending approves

By income
Under $50k34.2% · 38$75–100k74.1% · 27$100–150k72.4% · 58$150–250k77.6% · 67$250k+89.2% · 111
By debt-to-income
Under 36%91.5% · 11836–43%88.7% · 6243–50%73.1% · 52Over 50%42.6% · 47
By down payment (LTV)
20%+ down83.5% · 1,05310–20% down69.6% · 56

Why Change Lending denied applications

Other26% of denialsCredit history25% of denialsCollateral (value/type)20% of denialsUnverifiable information13% of denialsInsufficient cash to close13% of denialsDebt-to-income ratio11% of denials

Where Change Lending lends in NJ

CountyDecisionsApproval
Bergen County14981.2%
Ocean County10689.6%
Essex County10075.0%
Monmouth County9882.7%
Morris County8389.2%
Passaic County7478.4%
Middlesex County7384.9%
Union County5675.0%

Fees & closing costs

Median total loan costs
$17,117
home purchase
As % of loan
4.10%
NJ median 1.93%
Priced originations
265
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Change Lending’s home-purchase originations — 2.17 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $260. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Change Lending to other lenders for your profile

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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 Change Lending (LEI 5493004AS1SPBQOFDR49). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →