The Mortgage Record
Lender report card · New Jersey

Digital Federal Credit Union

Marlborough, MA · What the federal mortgage record shows about how Digital Federal Credit Union treated New Jersey applicants, 2018–2025 — 980 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
76.2%
747 approved
Denial rate
23.8%
233 denied
Decisions
980
2018–2025
Avg. rate spread
-0.08 pp
vs. market benchmark
76.2% approved
23.8% denied

Share of 980 New Jersey applications Digital Federal Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional76.2% of 980 · NJ 87%

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

Approval rate over time

57%64%71%78%85%78%82%79%79%76%74%74%60%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Digital Federal Credit Union’s rates ran -0.31 pp lower than the typical New Jersey lender (average rate spread -0.08 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Digital Federal Credit Union approves

By income
$50–75k46.3% · 41$75–100k71.6% · 74$100–150k79.3% · 300$150–250k81.0% · 389$250k+78.1% · 151
By debt-to-income
Under 36%88.3% · 53236–43%88.0% · 17543–50%74.5% · 157Over 50%4.4% · 114
By down payment (LTV)
20%+ down77.6% · 57210–20% down75.2% · 1575–10% down71.4% · 983–5% down81.6% · 49

Why Digital Federal Credit Union denied applications

Debt-to-income ratio50% of denialsOther28% of denialsCredit history23% of denialsCollateral (value/type)16% of denialsInsufficient cash to close8% of denialsEmployment history4% of denials

Where Digital Federal Credit Union lends in NJ

CountyDecisionsApproval
Middlesex County33275.9%
Somerset County11880.5%
Mercer County10480.8%
Morris County8080.0%
Bergen County5671.4%
Hudson County4667.4%
Essex County3974.4%
Monmouth County3773.0%

Fees & closing costs

Median total loan costs
$4,921
home purchase
As % of loan
1.19%
NJ median 1.93%
Priced originations
490
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Digital Federal Credit Union’s home-purchase originations — 0.75 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $200. 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 Digital Federal Credit Union (LEI 549300JPGMCMBEJEK584). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →