The Mortgage Record
Lender report card · New Jersey

Firstrust Savings Bank

Horsham, PA · What the federal mortgage record shows about how Firstrust Savings Bank treated New Jersey applicants, 2018–2025 — 1,531 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.5%
1,432 approved
Denial rate
6.5%
99 denied
Decisions
1,531
2018–2025
Avg. rate spread
+0.27 pp
vs. market benchmark
93.5% approved
6.5% denied

Share of 1,531 New Jersey applications Firstrust 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional94.0% of 1,497 · NJ 87%FHA72.4% of 29 · NJ 79%

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

Approval rate over time

75%81%87%93%99%90%95%97%96%95%86%82%78%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Firstrust Savings Bank’s rates ran +0.04 pp higher than the typical New Jersey lender (average rate spread +0.27 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Firstrust Savings Bank approves

By income
Under $50k70.7% · 41$50–75k87.9% · 116$75–100k93.6% · 156$100–150k95.8% · 310$150–250k93.5% · 493$250k+95.9% · 393
By debt-to-income
Under 36%97.0% · 75736–43%96.0% · 42043–50%93.1% · 306Over 50%21.3% · 47
By down payment (LTV)
20%+ down95.2% · 1,13510–20% down92.3% · 1685–10% down93.0% · 573–5% down87.9% · 33

Why Firstrust Savings Bank denied applications

Debt-to-income ratio52% of denialsCollateral (value/type)24% of denialsCredit history16% of denialsOther13% of denialsEmployment history6% of denialsInsufficient cash to close3% of denials

Where Firstrust Savings Bank lends in NJ

CountyDecisionsApproval
Cape May County52797.5%
Camden County16390.8%
Burlington County14088.6%
Atlantic County12190.1%
Middlesex County10992.7%
Gloucester County8394.0%
Mercer County6388.9%
Ocean County4388.4%

Fees & closing costs

Median total loan costs
$6,591
home purchase
As % of loan
2.13%
NJ median 1.93%
Priced originations
763
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Firstrust Savings Bank’s home-purchase originations — 0.20 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $3,206. 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 Firstrust Savings Bank (LEI R7JQ9JTCFHXBQU4XIT26). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →