Lender report card · New Jersey

Funding Resources Mortgage Cor

Clifton, NJ · What the federal mortgage record shows about how Funding Resources Mortgage Cor treated New Jersey applicants, 2018–2025 — 897 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
98.3%
882 approved
Denial rate
1.7%
15 denied
Decisions
897
2018–2025
Avg. rate spread
-0.02 pp
vs. market benchmark
98.3% approved
1.7% denied

Share of 897 New Jersey applications Funding Resources Mortgage Cor approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.3% of 897 · NJ 87%

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

Approval rate over time

0%25%50%75%100%70%98%99%99%95%0%201820192020202120222025

Pricing

Adjusting for its loan-type mix, Funding Resources Mortgage Cor’s rates ran -0.24 pp lower than the typical New Jersey lender (average rate spread -0.02 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Funding Resources Mortgage Cor approves

By income
$50–75k98.8% · 85$75–100k98.6% · 147$100–150k98.9% · 276$150–250k98.3% · 234$250k+97.8% · 137
By debt-to-income
Under 36%99.3% · 40536–43%99.5% · 22243–50%96.6% · 261
By down payment (LTV)
20%+ down98.6% · 80810–20% down100.0% · 56

Why Funding Resources Mortgage Cor denied applications

Debt-to-income ratio33% of denialsCredit history20% of denialsInsufficient cash to close13% of denialsUnverifiable information13% of denialsOther13% of denialsCollateral (value/type)7% of denials

Where Funding Resources Mortgage Cor lends in NJ

CountyDecisionsApproval
Ocean County73598.4%
Passaic County8798.9%

Fees & closing costs

Median total loan costs
$6,788
home purchase
As % of loan
1.78%
NJ median 1.93%
Priced originations
172
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Funding Resources Mortgage Cor’s home-purchase originations — 0.15 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 Funding Resources Mortgage Cor 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 Funding Resources Mortgage Cor (LEI 549300L3O89DECR4DV44). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →