Lender report card · New Jersey

Prime Choice Funding Inc

Tustin, CA · What the federal mortgage record shows about how Prime Choice Funding Inc treated New Jersey applicants, 2018–2025 — 313 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.9%
294 approved
Denial rate
6.1%
19 denied
Decisions
313
2018–2025
Avg. rate spread
+0.05 pp
vs. market benchmark
93.9% approved
6.1% denied

Share of 313 New Jersey applications Prime Choice Funding Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.1% of 183 · NJ 87%FHA86.9% of 61 · NJ 79%VA97.1% of 69 · NJ 80%

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

Approval rate over time

87%90%93%96%99%100%100%91%94%91%20182019202020212022

Pricing

Adjusting for its loan-type mix, Prime Choice Funding Inc’s rates ran -0.23 pp lower than the typical New Jersey lender (average rate spread +0.05 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Prime Choice Funding Inc approves

By income
Under $50k95.2% · 104$75–100k91.4% · 35$100–150k91.0% · 78$150–250k96.7% · 61
By debt-to-income
Under 36%98.1% · 20836–43%94.3% · 3543–50%95.6% · 45Over 50%56.0% · 25
By down payment (LTV)
20%+ down94.2% · 18910–20% down94.4% · 363–5% down90.0% · 30Under 3% down95.7% · 46

Why Prime Choice Funding Inc denied applications

Debt-to-income ratio37% of denialsOther37% of denialsCredit history16% of denialsEmployment history5% of denialsIncomplete application5% of denialsInsufficient cash to close5% of denials

Where Prime Choice Funding Inc lends in NJ

CountyDecisionsApproval
Bergen County4090.0%
Middlesex County3989.7%
Ocean County3488.2%
Monmouth County2896.4%
Hudson County25100.0%

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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 Prime Choice Funding Inc (LEI 5493003B1W77K6SD3U22). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →