The Mortgage Record
Lender report card · New Jersey

Proponent Fcu

Nutley, NJ · What the federal mortgage record shows about how Proponent Fcu treated New Jersey applicants, 2018–2025 — 763 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
77.5%
591 approved
Denial rate
22.5%
172 denied
Decisions
763
2018–2025
Avg. rate spread
+2.88 pp
vs. market benchmark
77.5% approved
22.5% denied

Share of 763 New Jersey applications Proponent Fcu approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional77.5% of 763 · NJ 87%

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

Approval rate over time

60%67%74%81%88%85%73%76%78%82%78%63%69%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Proponent Fcu’s rates ran +2.65 pp higher than the typical New Jersey lender (average rate spread +2.88 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Proponent Fcu approves

By income
Under $50k51.4% · 37$50–75k57.3% · 103$75–100k75.2% · 129$100–150k82.3% · 198$150–250k86.5% · 185$250k+82.7% · 104
By debt-to-income
Under 36%84.5% · 35436–43%86.2% · 15943–50%82.6% · 144Over 50%26.3% · 95
By down payment (LTV)
20%+ down78.4% · 52710–20% down59.6% · 475–10% down75.0% · 48

Why Proponent Fcu denied applications

Debt-to-income ratio37% of denialsCredit history32% of denialsOther14% of denialsIncomplete application10% of denialsCollateral (value/type)8% of denialsInsufficient cash to close4% of denials

Where Proponent Fcu lends in NJ

CountyDecisionsApproval
Essex County26272.5%
Bergen County8479.8%
Morris County7784.4%
Passaic County6987.0%
Somerset County4386.0%
Middlesex County3467.6%
Union County3461.8%
Hudson County3281.2%

Fees & closing costs

Median total loan costs
$4,584
home purchase
As % of loan
1.44%
NJ median 1.93%
Priced originations
206
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Proponent Fcu’s home-purchase originations — 0.50 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $500. 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 Proponent Fcu (LEI 549300SI3EZ7U02L5E39). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →