Lender report card · New Jersey

New Fed Mortgage Corp.

Danvers, MA · What the federal mortgage record shows about how New Fed Mortgage Corp. treated New Jersey applicants, 2018–2025 — 331 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
94.6%
313 approved
Denial rate
5.4%
18 denied
Decisions
331
2018–2025
Avg. rate spread
-0.06 pp
vs. market benchmark
94.6% approved
5.4% denied

Share of 331 New Jersey applications New Fed 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional94.8% of 309 · NJ 87%

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

Approval rate over time

81%85%89%93%97%91%97%92%96%97%100%84%2019202020212022202320242025

Pricing

Adjusting for its loan-type mix, New Fed Mortgage Corp.’s rates ran -0.30 pp lower than the typical New Jersey lender (average rate spread -0.06 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who New Fed Mortgage Corp. approves

By income
$75–100k100.0% · 34$100–150k92.6% · 95$150–250k96.9% · 127$250k+97.7% · 43
By debt-to-income
Under 36%97.1% · 17236–43%96.8% · 6243–50%97.4% · 78
By down payment (LTV)
20%+ down95.0% · 25910–20% down96.4% · 28

Why New Fed Mortgage Corp. denied applications

Debt-to-income ratio44% of denialsCollateral (value/type)22% of denialsEmployment history17% of denialsOther17% of denialsInsufficient cash to close11% of denialsCredit history6% of denials

Where New Fed Mortgage Corp. lends in NJ

CountyDecisionsApproval
Middlesex County5896.6%
Burlington County3997.4%
Ocean County2989.7%
Morris County26100.0%
Bergen County2596.0%

Fees & closing costs

Median total loan costs
$5,688
home purchase
As % of loan
2.26%
NJ median 1.93%
Priced originations
83
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on New Fed Mortgage Corp.’s home-purchase originations — 0.33 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $251. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare New Fed Mortgage Corp. 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 New Fed Mortgage Corp. (LEI 549300TB3TMP4RV5T078). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →