The Mortgage Record
Lender report card · New Jersey

Usaa Federal Savings Bank

San Antonio, TX · What the federal mortgage record shows about how Usaa Federal Savings Bank treated New Jersey applicants, 2018–2025 — 5,007 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
70.3%
3,521 approved
Denial rate
29.7%
1,486 denied
Decisions
5,007
2018–2025
Avg. rate spread
+0.15 pp
vs. market benchmark
70.3% approved
29.7% denied

Share of 5,007 New Jersey applications Usaa Federal Savings Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional64.5% of 1,781 · NJ 87%VA73.6% of 3,226 · NJ 80%

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

Approval rate over time

50%58%66%74%82%71%73%72%80%64%55%57%54%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Usaa Federal Savings Bank’s rates ran +0.14 pp higher than the typical New Jersey lender (average rate spread +0.15 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Usaa Federal Savings Bank approves

By income
Under $50k23.7% · 473$50–75k68.7% · 686$75–100k73.1% · 867$100–150k75.9% · 1,126$150–250k77.3% · 859$250k+69.7% · 294
By debt-to-income
Under 36%70.5% · 1,69136–43%78.6% · 89743–50%74.7% · 793Over 50%49.3% · 918
By down payment (LTV)
20%+ down65.4% · 1,24710–20% down67.3% · 4925–10% down69.7% · 3173–5% down65.8% · 76Under 3% down70.5% · 1,255

Why Usaa Federal Savings Bank denied applications

Incomplete application25% of denialsDebt-to-income ratio24% of denialsCredit history22% of denialsCollateral (value/type)15% of denialsOther15% of denialsInsufficient cash to close13% of denials

Where Usaa Federal Savings Bank lends in NJ

CountyDecisionsApproval
Burlington County73572.5%
Camden County42670.7%
Ocean County42675.4%
Monmouth County34070.0%
Middlesex County30472.7%
Atlantic County27669.6%
Bergen County27168.3%
Essex County25557.3%

Fees & closing costs

Median total loan costs
$6,962
home purchase
As % of loan
2.70%
NJ median 1.93%
Priced originations
2,242
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Usaa Federal Savings Bank’s home-purchase originations — 0.77 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $481. 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 Usaa Federal Savings Bank (LEI C5654JQHZUHN0772B561). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →