The Mortgage Record
Lender report card · New Jersey

Cornerstone First Mortgage, Llc

San Diego, CA · What the federal mortgage record shows about how Cornerstone First Mortgage, Llc treated New Jersey applicants, 2018–2025 — 897 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.4%
865 approved
Denial rate
3.6%
32 denied
Decisions
897
2018–2025
Avg. rate spread
+0.61 pp
vs. market benchmark
96.4% approved
3.6% denied

Share of 897 New Jersey applications Cornerstone First Mortgage, Llc 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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 596 · NJ 87%FHA94.3% of 281 · NJ 79%

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

Approval rate over time

82%86%90%94%98%86%100%97%95%2022202320242025

Pricing

Adjusting for its loan-type mix, Cornerstone First Mortgage, Llc’s rates ran +0.17 pp higher than the typical New Jersey lender (average rate spread +0.61 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Cornerstone First Mortgage, Llc approves

By income
$50–75k89.1% · 55$75–100k100.0% · 121$100–150k95.2% · 291$150–250k96.5% · 283$250k+99.2% · 133
By debt-to-income
Under 36%96.8% · 19036–43%96.7% · 18143–50%98.6% · 370Over 50%90.8% · 153
By down payment (LTV)
20%+ down97.8% · 41010–20% down98.6% · 1425–10% down98.4% · 1273–5% down92.0% · 175Under 3% down88.4% · 43

Why Cornerstone First Mortgage, Llc denied applications

Debt-to-income ratio41% of denialsOther28% of denialsUnverifiable information25% of denialsCollateral (value/type)19% of denialsEmployment history6% of denialsInsufficient cash to close3% of denials

Where Cornerstone First Mortgage, Llc lends in NJ

CountyDecisionsApproval
Monmouth County10997.2%
Essex County10696.2%
Bergen County10397.1%
Middlesex County8396.4%
Morris County8097.5%
Ocean County7896.2%
Union County7797.4%
Passaic County5998.3%

Fees & closing costs

Median total loan costs
$11,051
home purchase
As % of loan
2.79%
NJ median 1.93%
Priced originations
717
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Cornerstone First Mortgage, Llc’s home-purchase originations — 0.86 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $500. 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 Cornerstone First Mortgage, Llc (LEI 2549001SI0EMFPT39035). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →