The Mortgage Record
Lender report card · New Jersey

Contour Mortgage Corporation

Garden City, NY · What the federal mortgage record shows about how Contour Mortgage Corporation treated New Jersey applicants, 2018–2025 — 1,600 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
94.4%
1,511 approved
Denial rate
5.6%
89 denied
Decisions
1,600
2018–2025
Avg. rate spread
+0.52 pp
vs. market benchmark
94.4% approved
5.6% denied

Share of 1,600 New Jersey applications Contour Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional96.5% of 1,018 · NJ 87%FHA89.6% of 460 · NJ 79%VA95.9% of 121 · NJ 80%

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

Approval rate over time

87%90%93%96%99%92%93%96%95%94%95%90%97%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Contour Mortgage Corporation’s rates ran +0.12 pp higher than the typical New Jersey lender (average rate spread +0.52 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Contour Mortgage Corporation approves

By income
Under $50k91.1% · 101$50–75k90.4% · 218$75–100k94.9% · 311$100–150k94.7% · 528$150–250k96.5% · 339$250k+97.1% · 103
By debt-to-income
Under 36%97.3% · 41036–43%97.6% · 37943–50%96.7% · 543Over 50%77.7% · 224
By down payment (LTV)
20%+ down97.0% · 67110–20% down93.9% · 2455–10% down95.0% · 2223–5% down91.3% · 275Under 3% down87.6% · 89

Why Contour Mortgage Corporation denied applications

Debt-to-income ratio31% of denialsCredit history19% of denialsInsufficient cash to close19% of denialsCollateral (value/type)18% of denialsOther16% of denialsEmployment history4% of denials

Where Contour Mortgage Corporation lends in NJ

CountyDecisionsApproval
Middlesex County21595.3%
Essex County16589.7%
Union County15794.3%
Monmouth County14397.2%
Bergen County14094.3%
Burlington County12295.1%
Hudson County10496.2%
Mercer County9394.6%

Fees & closing costs

Median total loan costs
$11,043
home purchase
As % of loan
3.13%
NJ median 1.93%
Priced originations
1,007
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Contour Mortgage Corporation’s home-purchase originations — 1.20 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $465. 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 Contour Mortgage Corporation (LEI 549300LLKEKXL2RM1F61). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →