The Mortgage Record
Lender report card · New Jersey

Wsfs Bank

Wilmington, DE · What the federal mortgage record shows about how Wsfs Bank treated New Jersey applicants, 2018–2025 — 2,037 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
85.9%
1,750 approved
Denial rate
14.1%
287 denied
Decisions
2,037
2018–2025
Avg. rate spread
+0.26 pp
vs. market benchmark
85.9% approved
14.1% denied

Share of 2,037 New Jersey applications Wsfs Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional86.3% of 1,945 · NJ 87%FHA75.3% of 81 · NJ 79%

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

Approval rate over time

74%80%86%92%98%77%78%88%88%81%81%88%96%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Wsfs Bank’s rates ran +0.01 pp in line with than the typical New Jersey lender (average rate spread +0.26 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Wsfs Bank approves

By income
Under $50k62.8% · 218$50–75k79.4% · 374$75–100k87.6% · 307$100–150k89.4% · 396$150–250k92.9% · 339$250k+95.8% · 331
By debt-to-income
Under 36%90.6% · 88736–43%91.1% · 53843–50%89.8% · 482Over 50%19.0% · 121
By down payment (LTV)
20%+ down86.6% · 1,60810–20% down83.5% · 1335–10% down92.3% · 1173–5% down90.9% · 66Under 3% down71.4% · 49

Why Wsfs Bank denied applications

Debt-to-income ratio36% of denialsCredit history29% of denialsCollateral (value/type)23% of denialsOther11% of denialsIncomplete application9% of denialsUnverifiable information7% of denials

Where Wsfs Bank lends in NJ

CountyDecisionsApproval
Burlington County87080.5%
Cape May County31695.3%
Camden County26287.0%
Atlantic County16689.2%
Gloucester County16288.3%
Ocean County7094.3%
Mercer County3878.9%
Monmouth County2692.3%

Fees & closing costs

Median total loan costs
$3,799
home purchase
As % of loan
1.44%
NJ median 1.93%
Priced originations
721
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Wsfs Bank’s home-purchase originations — 0.50 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $100. 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 Wsfs Bank (LEI 5493005DKMV1IHIM8E20). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →