The Mortgage Record
Lender report card · New Jersey

First Atlantic Federal Credit Union

Eatontown, NJ · What the federal mortgage record shows about how First Atlantic Federal Credit Union treated New Jersey applicants, 2018–2025 — 472 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
80.7%
381 approved
Denial rate
19.3%
91 denied
Decisions
472
2018–2025
Avg. rate spread
+0.14 pp
vs. market benchmark
80.7% approved
19.3% denied

Share of 472 New Jersey applications First Atlantic Federal Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional80.7% of 472 · NJ 87%

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

Approval rate over time

70%75%80%85%90%74%78%90%76%76%84%83%78%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, First Atlantic Federal Credit Union’s rates ran -0.09 pp lower than the typical New Jersey lender (average rate spread +0.14 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who First Atlantic Federal Credit Union approves

By income
Under $50k63.3% · 49$50–75k78.6% · 84$75–100k76.4% · 72$100–150k86.2% · 116$150–250k86.1% · 108$250k+80.6% · 36
By debt-to-income
Under 36%87.4% · 26936–43%88.5% · 8743–50%84.5% · 71Over 50%16.7% · 42
By down payment (LTV)
20%+ down82.7% · 381

Why First Atlantic Federal Credit Union denied applications

Debt-to-income ratio45% of denialsCredit history36% of denialsOther25% of denialsCollateral (value/type)11% of denialsEmployment history7% of denialsUnverifiable information3% of denials

Where First Atlantic Federal Credit Union lends in NJ

CountyDecisionsApproval
Monmouth County29080.7%
Ocean County12884.4%

Fees & closing costs

Median total loan costs
$3,656
home purchase
As % of loan
1.39%
NJ median 1.93%
Priced originations
50
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First Atlantic Federal Credit Union’s home-purchase originations — 0.54 points lower than the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare First Atlantic Federal Credit Union 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 First Atlantic Federal Credit Union (LEI 549300GMXZWXNOS1US34). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →