The Mortgage Record
Lender report card · New Jersey

Mortgage Unlimited, L.l.c.

Garfield, NJ · What the federal mortgage record shows about how Mortgage Unlimited, L.l.c. treated New Jersey applicants, 2018–2025 — 1,920 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
94.5%
1,815 approved
Denial rate
5.5%
105 denied
Decisions
1,920
2018–2025
Avg. rate spread
+0.52 pp
vs. market benchmark
94.5% approved
5.5% denied

Share of 1,920 New Jersey applications Mortgage Unlimited, L.l.c. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional96.4% of 1,366 · NJ 87%FHA89.7% of 533 · NJ 79%

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

Approval rate over time

90%92%94%96%98%94%93%96%94%2018201920202021

Pricing

Adjusting for its loan-type mix, Mortgage Unlimited, L.l.c.’s rates ran +0.10 pp higher than the typical New Jersey lender (average rate spread +0.52 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Mortgage Unlimited, L.l.c. approves

By income
Under $50k88.1% · 118$50–75k88.4% · 259$75–100k94.3% · 436$100–150k96.1% · 617$150–250k97.6% · 380$250k+97.1% · 104
By debt-to-income
Under 36%97.6% · 66636–43%97.0% · 44043–50%96.5% · 509Over 50%80.4% · 270
By down payment (LTV)
20%+ down96.5% · 99810–20% down94.1% · 2205–10% down96.7% · 1803–5% down90.6% · 234

Why Mortgage Unlimited, L.l.c. denied applications

Debt-to-income ratio41% of denialsCollateral (value/type)23% of denialsOther23% of denialsCredit history10% of denialsInsufficient cash to close8% of denialsUnverifiable information7% of denials

Where Mortgage Unlimited, L.l.c. lends in NJ

CountyDecisionsApproval
Bergen County34395.9%
Essex County28595.8%
Passaic County23494.0%
Morris County22496.9%
Union County20992.3%
Hudson County13795.6%
Middlesex County11788.0%
Ocean County6596.9%

Fees & closing costs

Median total loan costs
$7,898
home purchase
As % of loan
2.87%
NJ median 1.93%
Priced originations
998
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Mortgage Unlimited, L.l.c.’s home-purchase originations — 0.94 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $265. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Mortgage Unlimited, L.l.c. to other lenders for your profile

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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 Mortgage Unlimited, L.l.c. (LEI 549300BZNDHH8KWC0I67). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →