Lender report card · New Jersey

Greenbox Loans

Los Angeles, CA · What the federal mortgage record shows about how Greenbox Loans treated New Jersey applicants, 2018–2025 — 260 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
80.8%
210 approved
Denial rate
19.2%
50 denied
Decisions
260
2018–2025
Avg. rate spread
+3.52 pp
vs. market benchmark
80.8% approved
19.2% denied

Share of 260 New Jersey applications Greenbox Loans approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional80.7% of 259 · NJ 87%

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

Approval rate over time

63%71%79%87%95%68%73%67%93%92%93%78%95%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Greenbox Loans’s rates ran +3.30 pp higher than the typical New Jersey lender (average rate spread +3.52 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Greenbox Loans approves

By income
Under $50k77.4% · 53$75–100k87.8% · 41$100–150k77.6% · 49$150–250k80.6% · 36$250k+73.5% · 49
By debt-to-income

Thin.

By down payment (LTV)

Thin.

Why Greenbox Loans denied applications

Credit history26% of denialsCollateral (value/type)26% of denialsDebt-to-income ratio20% of denialsInsufficient cash to close18% of denialsIncomplete application14% of denialsUnverifiable information8% of denials

Where Greenbox Loans lends in NJ

CountyDecisionsApproval
Union County4292.9%
Essex County3369.7%
Monmouth County2572.0%

Fees & closing costs

Median total loan costs
$12,892
home purchase
As % of loan
4.47%
NJ median 1.93%
Priced originations
103
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Greenbox Loans’s home-purchase originations — 2.54 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $550. 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 Greenbox Loans (LEI 549300TMY3OACQC9U777). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →