The Mortgage Record
Lender report card · New Jersey

Nfm, Inc

Linthicum, MD · What the federal mortgage record shows about how Nfm, Inc treated New Jersey applicants, 2018–2025 — 6,685 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.9%
6,476 approved
Denial rate
3.1%
209 denied
Decisions
6,685
2018–2025
Avg. rate spread
+0.56 pp
vs. market benchmark
96.9% approved
3.1% denied

Share of 6,685 New Jersey applications Nfm, Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.1% of 4,465 · NJ 87%FHA93.9% of 1,854 · NJ 79%VA97.7% of 304 · NJ 80%USDA96.8% of 62 · NJ 87%

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

Approval rate over time

91%93%95%97%99%95%95%98%98%97%97%97%96%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Nfm, Inc’s rates ran +0.15 pp higher than the typical New Jersey lender (average rate spread +0.56 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Nfm, Inc approves

By income
Under $50k92.2% · 409$50–75k94.9% · 1,222$75–100k96.8% · 1,469$100–150k98.0% · 1,843$150–250k97.9% · 1,224$250k+99.2% · 484
By debt-to-income
Under 36%98.8% · 2,02736–43%97.5% · 1,76243–50%97.5% · 2,147Over 50%87.4% · 684
By down payment (LTV)
20%+ down98.3% · 2,70310–20% down96.7% · 8465–10% down97.2% · 8963–5% down95.3% · 1,004Under 3% down95.2% · 934

Why Nfm, Inc denied applications

Debt-to-income ratio40% of denialsCollateral (value/type)23% of denialsUnverifiable information19% of denialsCredit history16% of denialsEmployment history13% of denialsInsufficient cash to close13% of denials

Where Nfm, Inc lends in NJ

CountyDecisionsApproval
Camden County1,79097.0%
Burlington County1,45298.2%
Gloucester County1,42897.9%
Salem County29396.9%
Atlantic County23397.0%
Passaic County22492.4%
Cape May County18897.9%
Middlesex County18195.6%

Fees & closing costs

Median total loan costs
$6,676
home purchase
As % of loan
2.51%
NJ median 1.93%
Priced originations
5,349
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Nfm, Inc’s home-purchase originations — 0.57 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $149. 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 Nfm, Inc (LEI 549300MCIFZSDHUT8X63). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →