The Mortgage Record
Lender report card · New Jersey

Developer's Mortgage Company

Columbus, OH · What the federal mortgage record shows about how Developer's Mortgage Company treated New Jersey applicants, 2018–2025 — 879 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.5%
822 approved
Denial rate
6.5%
57 denied
Decisions
879
2018–2025
Avg. rate spread
+0.84 pp
vs. market benchmark
93.5% approved
6.5% denied

Share of 879 New Jersey applications Developer's Mortgage Company approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.0% of 683 · NJ 87%FHA89.1% of 184 · NJ 79%

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

Approval rate over time

0%24%48%72%96%0%93%92%96%94%95%95%92%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Developer's Mortgage Company’s rates ran +0.48 pp higher than the typical New Jersey lender (average rate spread +0.84 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Developer's Mortgage Company approves

By income
Under $50k82.2% · 90$50–75k95.4% · 173$75–100k94.8% · 174$100–150k92.4% · 197$150–250k96.0% · 174$250k+97.1% · 68
By debt-to-income
Under 36%97.0% · 29736–43%94.9% · 21543–50%95.5% · 269Over 50%73.7% · 95
By down payment (LTV)
20%+ down96.1% · 51910–20% down93.2% · 1175–10% down92.4% · 1053–5% down90.1% · 121

Why Developer's Mortgage Company denied applications

Debt-to-income ratio37% of denialsCollateral (value/type)30% of denialsOther18% of denialsEmployment history16% of denialsCredit history12% of denialsUnverifiable information12% of denials

Where Developer's Mortgage Company lends in NJ

CountyDecisionsApproval
Atlantic County12291.0%
Mercer County10294.1%
Passaic County9895.9%
Burlington County8897.7%
Morris County7291.7%
Camden County6393.7%
Bergen County5488.9%
Hunterdon County3797.3%

Fees & closing costs

Median total loan costs
$6,355
home purchase
As % of loan
2.46%
NJ median 1.93%
Priced originations
519
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Developer's Mortgage Company’s home-purchase originations — 0.53 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $103. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Developer's Mortgage Company to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Developer's Mortgage Company (LEI 5493002JA8HUVL2CRT33). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →