The Mortgage Record
Lender report card · New Jersey

Fm Home Loans Llc

Brooklyn, NY · What the federal mortgage record shows about how Fm Home Loans Llc treated New Jersey applicants, 2018–2025 — 7,891 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
98.2%
7,748 approved
Denial rate
1.8%
143 denied
Decisions
7,891
2018–2025
Avg. rate spread
+0.36 pp
vs. market benchmark
98.2% approved
1.8% denied

Share of 7,891 New Jersey applications Fm Home Loans Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.5% of 7,679 · NJ 87%FHA86.1% of 208 · NJ 79%

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

Approval rate over time

93%94%95%96%97%98%99%100%98%97%98%99%96%98%97%100%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Fm Home Loans Llc’s rates ran +0.12 pp higher than the typical New Jersey lender (average rate spread +0.36 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Fm Home Loans Llc approves

By income
Under $50k92.9% · 425$50–75k97.9% · 716$75–100k97.9% · 1,114$100–150k98.1% · 1,942$150–250k98.7% · 1,992$250k+99.2% · 1,699
By debt-to-income
Under 36%99.2% · 2,38436–43%98.7% · 1,65143–50%98.6% · 2,212Over 50%63.6% · 165
By down payment (LTV)
20%+ down98.7% · 5,72910–20% down97.0% · 7725–10% down97.5% · 4823–5% down91.8% · 110Under 3% down75.0% · 36

Why Fm Home Loans Llc denied applications

Debt-to-income ratio41% of denialsCredit history20% of denialsOther17% of denialsInsufficient cash to close8% of denialsCollateral (value/type)7% of denialsEmployment history6% of denials

Where Fm Home Loans Llc lends in NJ

CountyDecisionsApproval
Ocean County4,29698.8%
Monmouth County1,05597.4%
Passaic County70698.0%
Bergen County67898.1%
Essex County34998.3%
Union County20496.1%
Hudson County20396.1%
Middlesex County12797.6%

Fees & closing costs

Median total loan costs
$5,822
home purchase
As % of loan
1.46%
NJ median 1.93%
Priced originations
4,100
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Fm Home Loans Llc’s home-purchase originations — 0.48 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $375. 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 Fm Home Loans Llc (LEI 254900ACUWEGW702BR80). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →