The Mortgage Record
Lender report card · New Jersey

First Colony Mortgage Corporat

Pleasant Grove, UT · What the federal mortgage record shows about how First Colony Mortgage Corporat treated New Jersey applicants, 2018–2025 — 818 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.0%
761 approved
Denial rate
7.0%
57 denied
Decisions
818
2018–2025
Avg. rate spread
+0.35 pp
vs. market benchmark
93.0% approved
7.0% denied

Share of 818 New Jersey applications First Colony Mortgage Corporat approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional94.0% of 617 · NJ 87%FHA89.7% of 194 · NJ 79%

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

Approval rate over time

89%90%91%92%93%94%95%96%92%93%20242025

Pricing

Adjusting for its loan-type mix, First Colony Mortgage Corporat’s rates ran -0.05 pp lower than the typical New Jersey lender (average rate spread +0.35 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 Colony Mortgage Corporat approves

By income
Under $50k88.4% · 95$50–75k92.3% · 39$75–100k92.0% · 100$100–150k91.1% · 225$150–250k96.5% · 231$250k+94.5% · 127
By debt-to-income
Under 36%96.3% · 29836–43%94.8% · 15443–50%94.6% · 223Over 50%80.7% · 109
By down payment (LTV)
20%+ down93.3% · 53610–20% down92.7% · 965–10% down94.0% · 833–5% down92.0% · 88

Why First Colony Mortgage Corporat denied applications

Debt-to-income ratio44% of denialsCredit history18% of denialsUnverifiable information18% of denialsCollateral (value/type)14% of denialsOther11% of denialsEmployment history9% of denials

Where First Colony Mortgage Corporat lends in NJ

CountyDecisionsApproval
Union County8890.9%
Middlesex County8786.2%
Ocean County8191.4%
Essex County7893.6%
Bergen County7490.5%
Morris County6198.4%
Passaic County6096.7%
Monmouth County5392.5%

Fees & closing costs

Median total loan costs
$13,036
home purchase
As % of loan
2.90%
NJ median 1.93%
Priced originations
431
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First Colony Mortgage Corporat’s home-purchase originations — 0.96 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $5,255. 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 First Colony Mortgage Corporat (LEI 5493003V40VGM7YDFM54). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →