The Mortgage Record
Lender report card · New Jersey

First National Bank Of America

East Lansing, MI · What the federal mortgage record shows about how First National Bank Of America treated New Jersey applicants, 2018–2025 — 844 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
79.5%
671 approved
Denial rate
20.5%
173 denied
Decisions
844
2018–2025
Avg. rate spread
+3.65 pp
vs. market benchmark
79.5% approved
20.5% denied

Share of 844 New Jersey applications First National Bank Of America approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional79.5% of 844 · NJ 87%

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

Approval rate over time

56%64%72%80%88%60%75%65%86%85%77%84%83%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, First National Bank Of America’s rates ran +3.42 pp higher than the typical New Jersey lender (average rate spread +3.65 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 National Bank Of America approves

By income
Under $50k63.2% · 87$50–75k80.6% · 186$75–100k83.8% · 191$100–150k81.1% · 196$150–250k78.9% · 142$250k+87.2% · 39
By debt-to-income
Under 36%82.5% · 30336–43%79.8% · 19843–50%83.1% · 213Over 50%66.9% · 127
By down payment (LTV)
20%+ down83.2% · 73610–20% down58.5% · 41

Why First National Bank Of America denied applications

Collateral (value/type)36% of denialsCredit history32% of denialsInsufficient cash to close19% of denialsDebt-to-income ratio13% of denialsUnverifiable information10% of denialsOther9% of denials

Where First National Bank Of America lends in NJ

CountyDecisionsApproval
Burlington County10486.5%
Ocean County7681.6%
Cumberland County7676.3%
Camden County6581.5%
Monmouth County6590.8%
Union County5072.0%
Essex County5068.0%
Mercer County4883.3%

Fees & closing costs

Median total loan costs
$10,731
home purchase
As % of loan
4.51%
NJ median 1.93%
Priced originations
611
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First National Bank Of America’s home-purchase originations — 2.57 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $500. 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 First National Bank Of America (LEI 254900WTZC5SSKIN2M11). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →