The Mortgage Record
Lender report card · New Jersey

Finance Of America Mortgage Llc

Horsham, PA · What the federal mortgage record shows about how Finance Of America Mortgage Llc treated New Jersey applicants, 2018–2025 — 17,584 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
92.3%
16,235 approved
Denial rate
7.7%
1,349 denied
Decisions
17,584
2018–2025
Avg. rate spread
+0.45 pp
vs. market benchmark
92.3% approved
7.7% denied

Share of 17,584 New Jersey applications Finance Of America 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional93.9% of 12,085 · NJ 87%FHA88.8% of 4,897 · NJ 79%VA91.0% of 457 · NJ 80%USDA86.2% of 145 · NJ 87%

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

Approval rate over time

88%91%94%97%100%91%91%92%94%92%100%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Finance Of America Mortgage Llc’s rates ran +0.03 pp in line with than the typical New Jersey lender (average rate spread +0.45 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Finance Of America Mortgage Llc approves

By income
Under $50k84.6% · 1,626$50–75k90.7% · 3,424$75–100k93.3% · 3,428$100–150k93.7% · 4,346$150–250k94.9% · 3,065$250k+93.0% · 1,452
By debt-to-income
Under 36%95.2% · 6,57236–43%94.5% · 4,49543–50%94.0% · 4,767Over 50%68.5% · 1,539
By down payment (LTV)
20%+ down93.8% · 7,95610–20% down93.1% · 1,7945–10% down92.3% · 1,7383–5% down90.7% · 2,783Under 3% down83.8% · 687

Why Finance Of America Mortgage Llc denied applications

Debt-to-income ratio33% of denialsOther24% of denialsCredit history18% of denialsCollateral (value/type)17% of denialsUnverifiable information10% of denialsInsufficient cash to close9% of denials

Where Finance Of America Mortgage Llc lends in NJ

CountyDecisionsApproval
Mercer County2,58993.4%
Cumberland County2,20493.2%
Burlington County1,35693.1%
Bergen County1,23593.8%
Gloucester County1,00893.8%
Middlesex County91492.8%
Union County91190.8%
Essex County84886.6%

Fees & closing costs

Median total loan costs
$5,802
home purchase
As % of loan
2.53%
NJ median 1.93%
Priced originations
10,150
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Finance Of America Mortgage Llc’s home-purchase originations — 0.59 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $215. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Finance Of America Mortgage Llc 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 Finance Of America Mortgage Llc (LEI 549300MXJA09WZJ0DV55). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →