The Mortgage Record
Lender report card · New Jersey

Third Federal Savings And Loan

Cleveland, OH · What the federal mortgage record shows about how Third Federal Savings And Loan treated New Jersey applicants, 2018–2025 — 2,089 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
70.5%
1,473 approved
Denial rate
29.5%
616 denied
Decisions
2,089
2018–2025
Avg. rate spread
-0.21 pp
vs. market benchmark
70.5% approved
29.5% denied

Share of 2,089 New Jersey applications Third Federal Savings And Loan approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional70.5% of 2,089 · NJ 87%

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

Approval rate over time

30%43%56%69%82%78%73%65%74%80%61%34%59%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Third Federal Savings And Loan’s rates ran -0.44 pp lower than the typical New Jersey lender (average rate spread -0.21 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Third Federal Savings And Loan approves

By income
Under $50k21.6% · 111$50–75k44.6% · 184$75–100k63.8% · 213$100–150k71.8% · 493$150–250k78.7% · 691$250k+83.8% · 395
By debt-to-income
Under 36%86.5% · 1,35136–43%74.5% · 36543–50%25.4% · 122Over 50%0.0% · 248
By down payment (LTV)
20%+ down71.1% · 1,58910–20% down62.1% · 198

Why Third Federal Savings And Loan denied applications

Debt-to-income ratio65% of denialsCredit history35% of denialsOther17% of denialsCollateral (value/type)12% of denialsIncomplete application4% of denialsInsufficient cash to close1% of denials

Where Third Federal Savings And Loan lends in NJ

CountyDecisionsApproval
Bergen County28863.2%
Middlesex County24377.4%
Monmouth County19169.1%
Morris County15870.3%
Mercer County13680.9%
Somerset County13574.8%
Ocean County12677.8%
Burlington County11283.0%

Fees & closing costs

Median total loan costs
$388
home purchase
As % of loan
0.22%
NJ median 1.93%
Priced originations
244
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Third Federal Savings And Loan’s home-purchase originations — 1.71 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $750. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Third Federal Savings And Loan 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 Third Federal Savings And Loan (LEI 5493008CPTDVOS570626). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →