The Mortgage Record
Lender report card · New Jersey

Guaranteed Rate, Inc.

Chicago, IL · What the federal mortgage record shows about how Guaranteed Rate, Inc. treated New Jersey applicants, 2018–2025 — 31,792 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
94.3%
29,992 approved
Denial rate
5.7%
1,800 denied
Decisions
31,792
2018–2025
Avg. rate spread
+0.23 pp
vs. market benchmark
94.3% approved
5.7% denied

Share of 31,792 New Jersey applications Guaranteed Rate, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.5% of 26,735 · NJ 87%FHA87.1% of 4,101 · NJ 79%VA92.6% of 881 · NJ 80%USDA89.3% of 75 · NJ 87%

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

Approval rate over time

90%92%94%96%98%94%94%94%95%94%94%95%95%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Guaranteed Rate, Inc.’s rates ran -0.07 pp lower than the typical New Jersey lender (average rate spread +0.23 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Guaranteed Rate, Inc. approves

By income
Under $50k73.5% · 1,000$50–75k90.2% · 3,466$75–100k93.4% · 4,591$100–150k94.6% · 8,368$150–250k96.7% · 8,437$250k+97.2% · 5,800
By debt-to-income
Under 36%96.8% · 12,59736–43%96.8% · 8,03143–50%96.4% · 8,578Over 50%67.2% · 2,445
By down payment (LTV)
20%+ down95.2% · 18,00610–20% down95.1% · 4,3785–10% down94.6% · 3,4833–5% down90.5% · 2,368Under 3% down87.7% · 1,306

Why Guaranteed Rate, Inc. denied applications

Debt-to-income ratio44% of denialsCredit history25% of denialsCollateral (value/type)15% of denialsOther9% of denialsInsufficient cash to close9% of denialsUnverifiable information8% of denials

Where Guaranteed Rate, Inc. lends in NJ

CountyDecisionsApproval
Essex County4,19494.5%
Morris County3,88495.8%
Bergen County2,62993.8%
Ocean County2,62795.5%
Union County2,14394.1%
Camden County1,94594.7%
Monmouth County1,69694.4%
Passaic County1,66993.8%

Fees & closing costs

Median total loan costs
$5,952
home purchase
As % of loan
1.53%
NJ median 1.93%
Priced originations
20,684
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Guaranteed Rate, Inc.’s home-purchase originations — 0.41 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $325. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Guaranteed Rate, Inc. to other lenders for your profile

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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 Guaranteed Rate, Inc. (LEI 549300U3721PJGQZYY68). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →