The Mortgage Record
Lender report card · New Jersey

Home Point Financial Corporation

Ann Arbor, MI · What the federal mortgage record shows about how Home Point Financial Corporation treated New Jersey applicants, 2018–2025 — 16,931 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
86.3%
14,617 approved
Denial rate
13.7%
2,314 denied
Decisions
16,931
2018–2025
Avg. rate spread
+0.36 pp
vs. market benchmark
86.3% approved
13.7% denied

Share of 16,931 New Jersey applications Home Point Financial Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional88.6% of 12,360 · NJ 87%FHA79.3% of 3,857 · NJ 79%VA86.2% of 579 · NJ 80%USDA83.0% of 135 · NJ 87%

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

Approval rate over time

80%82%84%86%88%90%83%86%86%89%83%20182019202020212022

Pricing

Adjusting for its loan-type mix, Home Point Financial Corporation’s rates ran -0.01 pp in line with 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 Home Point Financial Corporation approves

By income
Under $50k76.6% · 1,721$50–75k83.1% · 2,549$75–100k85.6% · 2,941$100–150k88.3% · 4,258$150–250k90.6% · 3,508$250k+92.2% · 1,308
By debt-to-income
Under 36%90.8% · 5,95036–43%91.6% · 3,82843–50%89.7% · 4,300Over 50%57.0% · 1,812
By down payment (LTV)
20%+ down88.8% · 8,96910–20% down85.7% · 1,8915–10% down84.8% · 1,5033–5% down83.7% · 1,752Under 3% down72.5% · 426

Why Home Point Financial Corporation denied applications

Incomplete application39% of denialsDebt-to-income ratio26% of denialsCollateral (value/type)13% of denialsOther12% of denialsCredit history11% of denialsInsufficient cash to close7% of denials

Where Home Point Financial Corporation lends in NJ

CountyDecisionsApproval
Bergen County1,87988.1%
Middlesex County1,63187.5%
Essex County1,53581.9%
Union County1,45587.0%
Morris County1,44989.9%
Ocean County1,38589.2%
Monmouth County1,08887.2%
Passaic County1,01482.9%

Fees & closing costs

Median total loan costs
$8,398
home purchase
As % of loan
2.74%
NJ median 1.93%
Priced originations
6,536
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Home Point Financial Corporation’s home-purchase originations — 0.80 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $2,997. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
22
from NJ, 2022–present
Answered on time
0%
of complaints
Closed with relief
50%
monetary or non-monetary

Complaints New Jersey mortgage customers filed against Home Point Financial Corporation with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Trouble during payment process. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

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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 Home Point Financial Corporation (LEI 549300BRJZYHYKT4BJ84). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →