The Mortgage Record
Lender report card · New Jersey

Nationwide Mortgage Bankers, Inc.

Melville, NY · What the federal mortgage record shows about how Nationwide Mortgage Bankers, Inc. treated New Jersey applicants, 2018–2025 — 4,821 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
94.8%
4,571 approved
Denial rate
5.2%
250 denied
Decisions
4,821
2018–2025
Avg. rate spread
+0.90 pp
vs. market benchmark
94.8% approved
5.2% denied

Share of 4,821 New Jersey applications Nationwide Mortgage Bankers, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.7% of 2,671 · NJ 87%FHA93.6% of 2,089 · NJ 79%VA98.3% of 59 · NJ 80%

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

Approval rate over time

89%91%93%95%97%99%93%95%93%97%94%93%95%97%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Nationwide Mortgage Bankers, Inc.’s rates ran +0.35 pp higher than the typical New Jersey lender (average rate spread +0.90 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Nationwide Mortgage Bankers, Inc. approves

By income
Under $50k90.8% · 618$50–75k93.5% · 1,058$75–100k95.4% · 1,108$100–150k95.6% · 1,251$150–250k98.3% · 584$250k+95.6% · 182
By debt-to-income
Under 36%97.2% · 83136–43%97.1% · 99243–50%96.3% · 1,859Over 50%87.9% · 1,053
By down payment (LTV)
20%+ down96.8% · 2,10310–20% down93.7% · 5405–10% down92.5% · 6653–5% down95.2% · 1,126Under 3% down74.2% · 93

Why Nationwide Mortgage Bankers, Inc. denied applications

Debt-to-income ratio48% of denialsCollateral (value/type)18% of denialsCredit history14% of denialsInsufficient cash to close12% of denialsOther11% of denialsUnverifiable information9% of denials

Where Nationwide Mortgage Bankers, Inc. lends in NJ

CountyDecisionsApproval
Essex County79693.1%
Union County63994.4%
Bergen County60895.4%
Passaic County56094.3%
Middlesex County43295.1%
Hudson County34596.5%
Morris County23097.0%
Ocean County20598.0%

Fees & closing costs

Median total loan costs
$12,960
home purchase
As % of loan
3.73%
NJ median 1.93%
Priced originations
2,740
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Nationwide Mortgage Bankers, Inc.’s home-purchase originations — 1.79 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $448. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Nationwide Mortgage Bankers, Inc. 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 Nationwide Mortgage Bankers, Inc. (LEI 549300CLRXFVF83ZL806). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →