The Mortgage Record
Lender report card · New Jersey

First Choice Loan Services Inc.

East Brunswick, NJ · What the federal mortgage record shows about how First Choice Loan Services Inc. treated New Jersey applicants, 2018–2025 — 1,206 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
97.1%
1,171 approved
Denial rate
2.9%
35 denied
Decisions
1,206
2018–2025
Avg. rate spread
+0.32 pp
vs. market benchmark
97.1% approved
2.9% denied

Share of 1,206 New Jersey applications First Choice Loan Services Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.7% of 1,049 · NJ 87%FHA92.3% of 130 · NJ 79%VA96.2% of 26 · NJ 80%

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

Approval rate over time

91%93%95%97%99%96%98%95%201820192020

Pricing

Adjusting for its loan-type mix, First Choice Loan Services Inc.’s rates ran +0.02 pp in line with than the typical New Jersey lender (average rate spread +0.32 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who First Choice Loan Services Inc. approves

By income
Under $50k91.2% · 57$50–75k95.2% · 165$75–100k97.4% · 191$100–150k97.6% · 331$150–250k98.0% · 294$250k+98.7% · 157
By debt-to-income
Under 36%99.0% · 48936–43%97.3% · 33843–50%98.7% · 300Over 50%78.7% · 75
By down payment (LTV)
20%+ down98.1% · 42210–20% down98.9% · 875–10% down96.3% · 823–5% down95.6% · 68

Why First Choice Loan Services Inc. denied applications

Debt-to-income ratio51% of denialsCollateral (value/type)17% of denialsOther17% of denialsCredit history11% of denialsEmployment history11% of denialsInsufficient cash to close9% of denials

Where First Choice Loan Services Inc. lends in NJ

CountyDecisionsApproval
Monmouth County27697.1%
Mercer County23096.1%
Middlesex County19897.0%
Ocean County11297.3%
Burlington County78100.0%
Somerset County72100.0%
Morris County3193.5%
Essex County3096.7%

Fees & closing costs

Median total loan costs
$3,650
home purchase
As % of loan
1.37%
NJ median 1.93%
Priced originations
762
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First Choice Loan Services Inc.’s home-purchase originations — 0.57 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $80. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare First Choice Loan Services 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 First Choice Loan Services Inc. (LEI 549300PUSSF737Y6XW86). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →