Lender report card · New Jersey

Clearpath Lending

Irvine, CA · What the federal mortgage record shows about how Clearpath Lending treated New Jersey applicants, 2018–2025 — 859 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
89.9%
772 approved
Denial rate
10.1%
87 denied
Decisions
859
2018–2025
Avg. rate spread
-0.30 pp
vs. market benchmark
89.9% approved
10.1% denied

Share of 859 New Jersey applications Clearpath Lending approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

FHA76.1% of 46 · NJ 79%VA91.0% of 803 · NJ 80%

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

Approval rate over time

70%76%82%88%94%76%87%94%92%80%74%91%88%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Clearpath Lending’s rates ran -0.26 pp lower than the typical New Jersey lender (average rate spread -0.30 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Clearpath Lending approves

By income
Under $50k91.8% · 711$50–75k74.4% · 39$75–100k69.2% · 26$100–150k86.7% · 30
By debt-to-income
Under 36%86.7% · 3043–50%85.7% · 28Over 50%75.0% · 28
By down payment (LTV)
20%+ down85.4% · 4110–20% down92.0% · 623Under 3% down84.4% · 32

Why Clearpath Lending denied applications

Other80% of denialsDebt-to-income ratio7% of denialsCredit history6% of denialsInsufficient cash to close2% of denialsCollateral (value/type)2% of denialsEmployment history1% of denials

Where Clearpath Lending lends in NJ

CountyDecisionsApproval
Burlington County12489.5%
Ocean County11090.9%
Camden County9391.4%
Monmouth County7393.2%
Middlesex County6987.0%
Gloucester County6791.0%
Union County3694.4%
Passaic County3287.5%

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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 Clearpath Lending (LEI 549300G5DVGM0ZHRQC33). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →