The Mortgage Record
Lender report card · New Jersey

First Credit Corporation Of Ny, Inc.

Gloversville, NY · What the federal mortgage record shows about how First Credit Corporation Of Ny, Inc. treated New Jersey applicants, 2018–2025 — 2,515 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
28.4%
714 approved
Denial rate
71.6%
1,801 denied
Decisions
2,515
2018–2025
Avg. rate spread
+2.59 pp
vs. market benchmark
28.4% approved
71.6% denied

Share of 2,515 New Jersey applications First Credit Corporation Of Ny, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional28.4% of 2,515 · NJ 87%

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

Approval rate over time

12%20%28%36%44%23%34%37%42%33%18%16%24%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, First Credit Corporation Of Ny, Inc.’s rates ran +2.36 pp higher than the typical New Jersey lender (average rate spread +2.59 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 Credit Corporation Of Ny, Inc. approves

By income
Under $50k18.1% · 1,206$50–75k36.9% · 642$75–100k45.6% · 283$100–150k50.9% · 161$150–250k66.7% · 45
By debt-to-income
Under 36%49.9% · 45936–43%71.8% · 23443–50%40.0% · 200Over 50%1.2% · 421
By down payment (LTV)
20%+ down55.6% · 40310–20% down40.2% · 3835–10% down16.5% · 3163–5% down11.2% · 80Under 3% down11.5% · 96

Why First Credit Corporation Of Ny, Inc. denied applications

Debt-to-income ratio62% of denialsCredit history40% of denialsInsufficient cash to close7% of denialsEmployment history6% of denialsOther4% of denialsCollateral (value/type)4% of denials

Where First Credit Corporation Of Ny, Inc. lends in NJ

CountyDecisionsApproval
Ocean County58725.7%
Middlesex County54627.1%
Atlantic County32929.2%
Monmouth County26030.0%
Burlington County20632.0%
Cape May County15245.4%
Cumberland County12120.7%
Gloucester County7826.9%

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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 Credit Corporation Of Ny, Inc. (LEI 549300S347HTLHLOC775). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →