Lender report card · New Jersey

Impac Mortgage Corp

Newport Beach, CA · What the federal mortgage record shows about how Impac Mortgage Corp treated New Jersey applicants, 2018–2025 — 613 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
52.9%
324 approved
Denial rate
47.1%
289 denied
Decisions
613
2018–2025
Avg. rate spread
+1.29 pp
vs. market benchmark
52.9% approved
47.1% denied

Share of 613 New Jersey applications Impac Mortgage Corp approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional58.1% of 537 · NJ 87%FHA17.4% of 69 · NJ 79%

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

Approval rate over time

32%49%66%83%100%51%54%59%60%35%100%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Impac Mortgage Corp’s rates ran +1.03 pp higher than the typical New Jersey lender (average rate spread +1.29 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Impac Mortgage Corp approves

By income
Under $50k49.2% · 120$50–75k32.9% · 82$75–100k53.8% · 65$100–150k61.2% · 103$150–250k66.7% · 87$250k+68.2% · 85
By debt-to-income
Under 36%68.0% · 18136–43%62.5% · 8843–50%57.3% · 110Over 50%9.7% · 113
By down payment (LTV)
20%+ down56.7% · 26810–20% down44.0% · 25

Why Impac Mortgage Corp denied applications

Credit history38% of denialsIncomplete application21% of denialsDebt-to-income ratio20% of denialsCollateral (value/type)11% of denialsOther8% of denialsUnverifiable information8% of denials

Where Impac Mortgage Corp lends in NJ

CountyDecisionsApproval
Bergen County6767.2%
Monmouth County5955.9%
Middlesex County4949.0%
Ocean County4944.9%
Essex County4452.3%
Burlington County4057.5%
Morris County3946.2%
Union County3655.6%

Fees & closing costs

Median total loan costs
$9,329
home purchase
As % of loan
3.20%
NJ median 1.93%
Priced originations
87
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Impac Mortgage Corp’s home-purchase originations — 1.26 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $238. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Impac Mortgage Corp to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Impac Mortgage Corp (LEI 549300U2WRK55BY8UC05). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →