The Mortgage Record
Lender report card · New Jersey

Cliffco, Inc.

Uniondale, NY · What the federal mortgage record shows about how Cliffco, Inc. treated New Jersey applicants, 2018–2025 — 415 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
91.8%
381 approved
Denial rate
8.2%
34 denied
Decisions
415
2018–2025
Avg. rate spread
+0.87 pp
vs. market benchmark
91.8% approved
8.2% denied

Share of 415 New Jersey applications Cliffco, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional96.4% of 302 · NJ 87%FHA78.9% of 109 · NJ 79%

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

Approval rate over time

85%88%91%94%97%100%94%100%91%95%90%89%94%88%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Cliffco, Inc.’s rates ran +0.49 pp higher than the typical New Jersey lender (average rate spread +0.87 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Cliffco, Inc. approves

By income
$50–75k81.2% · 48$75–100k90.8% · 65$100–150k89.1% · 110$150–250k96.2% · 105$250k+96.9% · 64
By debt-to-income
Under 36%97.1% · 10336–43%96.0% · 10043–50%95.7% · 140Over 50%62.7% · 51
By down payment (LTV)
20%+ down95.8% · 19110–20% down92.9% · 425–10% down92.9% · 563–5% down76.9% · 39

Why Cliffco, Inc. denied applications

Debt-to-income ratio38% of denialsCollateral (value/type)24% of denialsEmployment history21% of denialsOther18% of denialsInsufficient cash to close15% of denialsCredit history15% of denials

Where Cliffco, Inc. lends in NJ

CountyDecisionsApproval
Bergen County7891.0%
Essex County6684.8%
Middlesex County4195.1%
Union County3497.1%
Monmouth County28100.0%
Morris County2696.2%
Hudson County2692.3%
Passaic County2680.8%

Fees & closing costs

Median total loan costs
$11,304
home purchase
As % of loan
2.89%
NJ median 1.93%
Priced originations
290
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Cliffco, Inc.’s home-purchase originations — 0.96 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $333. 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 Cliffco, Inc. (LEI 549300HTMO7FGRKRLV06). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →