The Mortgage Record
Lender report card · New Jersey

First Savings Bank

Jeffersonville, IN · What the federal mortgage record shows about how First Savings Bank treated New Jersey applicants, 2018–2025 — 1,064 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
85.3%
908 approved
Denial rate
14.7%
156 denied
Decisions
1,064
2018–2025
Avg. rate spread
+0.22 pp
vs. market benchmark
85.3% approved
14.7% denied

Share of 1,064 New Jersey applications First 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional90.2% of 908 · NJ 87%FHA53.7% of 82 · NJ 79%VA60.8% of 74 · NJ 80%

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

Approval rate over time

59%68%77%86%95%62%77%85%93%78%86%201820192020202120222023

Pricing

Adjusting for its loan-type mix, First Savings Bank’s rates ran -0.02 pp in line with than the typical New Jersey lender (average rate spread +0.22 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 Savings Bank approves

By income
Under $50k57.8% · 64$50–75k86.1% · 115$75–100k87.2% · 179$100–150k89.6% · 289$150–250k95.3% · 256$250k+91.7% · 96
By debt-to-income
Under 36%94.4% · 46636–43%94.3% · 21043–50%92.4% · 225Over 50%31.2% · 48
By down payment (LTV)
20%+ down92.1% · 74510–20% down83.0% · 1065–10% down89.9% · 793–5% down77.8% · 27Under 3% down78.3% · 46

Why First Savings Bank denied applications

Credit history61% of denialsDebt-to-income ratio18% of denialsOther7% of denialsUnverifiable information7% of denialsIncomplete application6% of denialsEmployment history4% of denials

Where First Savings Bank lends in NJ

CountyDecisionsApproval
Middlesex County18790.4%
Union County9884.7%
Monmouth County8587.1%
Bergen County8185.2%
Somerset County7891.0%
Ocean County7693.4%
Morris County7188.7%
Essex County7176.1%

Fees & closing costs

Median total loan costs
$8,321
home purchase
As % of loan
2.47%
NJ median 1.93%
Priced originations
287
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on First Savings Bank’s home-purchase originations — 0.54 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $3,791. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare First Savings Bank to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by First Savings Bank (LEI WKN6AF1FCL7BBYGTGI83). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →