The Mortgage Record
Lender report card · New Jersey

Embrace Home Loans, Inc.

Middletown, RI · What the federal mortgage record shows about how Embrace Home Loans, Inc. treated New Jersey applicants, 2018–2025 — 6,082 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
72.9%
4,435 approved
Denial rate
27.1%
1,647 denied
Decisions
6,082
2018–2025
Avg. rate spread
+0.27 pp
vs. market benchmark
72.9% approved
27.1% denied

Share of 6,082 New Jersey applications Embrace Home Loans, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional82.3% of 4,564 · NJ 87%FHA40.7% of 1,302 · NJ 79%VA69.3% of 212 · NJ 80%

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

Approval rate over time

35%51%67%83%99%38%55%68%78%77%93%95%97%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Embrace Home Loans, Inc.’s rates ran -0.03 pp in line with than the typical New Jersey lender (average rate spread +0.27 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Embrace Home Loans, Inc. approves

By income
Under $50k18.3% · 563$50–75k50.1% · 798$75–100k68.0% · 840$100–150k79.8% · 1,383$150–250k88.5% · 1,459$250k+94.1% · 942
By debt-to-income
Under 36%83.5% · 2,22536–43%84.8% · 1,31443–50%83.2% · 1,379Over 50%22.3% · 1,070
By down payment (LTV)
20%+ down78.6% · 3,31810–20% down79.5% · 8815–10% down81.5% · 5673–5% down70.6% · 350Under 3% down67.6% · 173

Why Embrace Home Loans, Inc. denied applications

Credit history41% of denialsDebt-to-income ratio38% of denialsCollateral (value/type)17% of denialsUnverifiable information4% of denialsOther2% of denialsInsufficient cash to close1% of denials

Where Embrace Home Loans, Inc. lends in NJ

CountyDecisionsApproval
Somerset County1,00392.3%
Morris County66488.3%
Essex County50272.5%
Middlesex County45465.2%
Bergen County42469.1%
Union County40672.2%
Ocean County39459.4%
Monmouth County36570.7%

Fees & closing costs

Median total loan costs
$6,725
home purchase
As % of loan
1.53%
NJ median 1.93%
Priced originations
2,759
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Embrace Home Loans, Inc.’s home-purchase originations — 0.41 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $112. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
11
from NJ, 2022–present

Complaints New Jersey mortgage customers filed against Embrace Home Loans, Inc. with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Improper use of your report. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Embrace Home Loans, Inc. to other lenders for your profile

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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 Embrace Home Loans, Inc. (LEI 213800QUAI2VH5YM6310). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →