The Mortgage Record
Lender report card · New Jersey

Cherry Creek Mortgage

Greenwood Village, CO · What the federal mortgage record shows about how Cherry Creek Mortgage treated New Jersey applicants, 2018–2025 — 828 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.6%
800 approved
Denial rate
3.4%
28 denied
Decisions
828
2018–2025
Avg. rate spread
-0.03 pp
vs. market benchmark
96.6% approved
3.4% denied

Share of 828 New Jersey applications Cherry Creek Mortgage approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.8% of 758 · NJ 87%FHA83.9% of 56 · NJ 79%

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

Approval rate over time

82%86%90%94%98%85%98%99%94%94%20192020202120222023

Pricing

Adjusting for its loan-type mix, Cherry Creek Mortgage’s rates ran -0.29 pp lower than the typical New Jersey lender (average rate spread -0.03 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Cherry Creek Mortgage approves

By income
$50–75k92.7% · 41$75–100k94.2% · 86$100–150k95.8% · 236$150–250k98.4% · 314$250k+98.5% · 137
By debt-to-income
Under 36%98.3% · 47736–43%99.4% · 16243–50%94.8% · 153Over 50%66.7% · 33
By down payment (LTV)
20%+ down99.5% · 56810–20% down95.5% · 675–10% down94.3% · 35Under 3% down85.4% · 41

Why Cherry Creek Mortgage denied applications

Credit history32% of denialsDebt-to-income ratio29% of denialsOther18% of denialsUnverifiable information18% of denialsEmployment history11% of denialsInsufficient cash to close7% of denials

Where Cherry Creek Mortgage lends in NJ

CountyDecisionsApproval
Bergen County11095.5%
Middlesex County8597.6%
Monmouth County8396.4%
Morris County6795.5%
Somerset County58100.0%
Essex County5396.2%
Burlington County4998.0%
Ocean County4497.7%

Fees & closing costs

Median total loan costs
$737
home purchase
As % of loan
0.24%
NJ median 1.93%
Priced originations
164
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Cherry Creek Mortgage’s home-purchase originations — 1.70 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $468. 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 Cherry Creek Mortgage (LEI 549300RBX56T2MW5HO19). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →