The Mortgage Record
Lender report card · New Jersey

Greater Alliance Federal Credit Union

Paramus, NJ · What the federal mortgage record shows about how Greater Alliance Federal Credit Union treated New Jersey applicants, 2018–2025 — 679 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
83.7%
568 approved
Denial rate
16.3%
111 denied
Decisions
679
2018–2025
Avg. rate spread
+0.15 pp
vs. market benchmark
83.7% approved
16.3% denied

Share of 679 New Jersey applications Greater Alliance Federal Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional83.7% of 679 · NJ 87%

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

Approval rate over time

69%76%83%90%97%79%77%84%90%89%96%72%84%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Greater Alliance Federal Credit Union’s rates ran -0.08 pp lower than the typical New Jersey lender (average rate spread +0.15 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Greater Alliance Federal Credit Union approves

By income
Under $50k62.7% · 67$50–75k79.1% · 110$75–100k83.3% · 120$100–150k84.3% · 185$150–250k94.9% · 136$250k+94.3% · 53
By debt-to-income
Under 36%85.2% · 30536–43%95.3% · 12943–50%89.9% · 158Over 50%49.4% · 85
By down payment (LTV)
20%+ down86.9% · 43610–20% down79.6% · 495–10% down97.6% · 41

Why Greater Alliance Federal Credit Union denied applications

Debt-to-income ratio61% of denialsCredit history41% of denialsCollateral (value/type)20% of denialsOther5% of denialsEmployment history5% of denialsUnverifiable information4% of denials

Where Greater Alliance Federal Credit Union lends in NJ

CountyDecisionsApproval
Bergen County41783.0%
Passaic County10080.0%
Essex County2982.8%
Ocean County2592.0%

Fees & closing costs

Median total loan costs
$4,134
home purchase
As % of loan
1.43%
NJ median 1.93%
Priced originations
144
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Greater Alliance Federal Credit Union’s home-purchase originations — 0.51 points lower than the 1.93% New Jersey median. 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 Greater Alliance Federal Credit Union (LEI 549300V4GRCFGZBVVZ73). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →