The Mortgage Record
Lender report card · New Jersey

Oceanside Mortgage Company

Toms River, NJ · What the federal mortgage record shows about how Oceanside Mortgage Company treated New Jersey applicants, 2018–2025 — 716 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.6%
692 approved
Denial rate
3.4%
24 denied
Decisions
716
2018–2025
Avg. rate spread
+0.51 pp
vs. market benchmark
96.6% approved
3.4% denied

Share of 716 New Jersey applications Oceanside Mortgage Company approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.3% of 220 · NJ 87%FHA96.5% of 431 · NJ 79%VA98.3% of 58 · NJ 80%

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

Approval rate over time

80%85%90%95%100%86%98%98%98%95%83%100%90%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Oceanside Mortgage Company’s rates ran -0.17 pp lower than the typical New Jersey lender (average rate spread +0.51 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Oceanside Mortgage Company approves

By income
Under $50k93.3% · 90$50–75k90.3% · 62$75–100k95.6% · 68$100–150k94.4% · 72$150–250k95.8% · 48
By debt-to-income
Under 36%98.1% · 56536–43%96.9% · 6443–50%95.4% · 65
By down payment (LTV)
20%+ down98.0% · 24410–20% down96.2% · 1315–10% down98.2% · 1103–5% down96.7% · 120Under 3% down98.4% · 61

Why Oceanside Mortgage Company denied applications

Credit history38% of denialsDebt-to-income ratio33% of denialsOther33% of denialsCollateral (value/type)12% of denialsUnverifiable information8% of denialsEmployment history4% of denials

Where Oceanside Mortgage Company lends in NJ

CountyDecisionsApproval
Ocean County33097.6%
Monmouth County5394.3%
Camden County4995.9%
Middlesex County34100.0%
Burlington County3296.9%
Bergen County2996.6%
Essex County28100.0%

Fees & closing costs

Median total loan costs
$4,010
home purchase
As % of loan
1.84%
NJ median 1.93%
Priced originations
67
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Oceanside Mortgage Company’s home-purchase originations — 0.09 points lower than the 1.93% New Jersey median. 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 Oceanside Mortgage Company (LEI 5493004R423PBPM6A173). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →