The Mortgage Record
Lender report card · New Jersey

Homespire Mortgage Corporation

Fairfax, VA · What the federal mortgage record shows about how Homespire Mortgage Corporation treated New Jersey applicants, 2018–2025 — 229 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.6%
219 approved
Denial rate
4.4%
10 denied
Decisions
229
2018–2025
Avg. rate spread
+0.70 pp
vs. market benchmark
95.6% approved
4.4% denied

Share of 229 New Jersey applications Homespire Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.0% of 147 · NJ 87%FHA90.2% of 61 · NJ 79%

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

Approval rate over time

0%25%50%75%100%95%95%96%99%89%100%0%2018201920202021202220232024

Pricing

Adjusting for its loan-type mix, Homespire Mortgage Corporation’s rates ran +0.34 pp higher than the typical New Jersey lender (average rate spread +0.70 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Homespire Mortgage Corporation approves

By income
$50–75k92.3% · 39$75–100k98.2% · 55$100–150k95.9% · 73$150–250k97.0% · 33
By debt-to-income
Under 36%98.4% · 6336–43%98.1% · 5443–50%95.9% · 73Over 50%87.5% · 32
By down payment (LTV)
20%+ down98.7% · 7510–20% down92.9% · 285–10% down97.6% · 423–5% down92.5% · 53

Why Homespire Mortgage Corporation denied applications

Credit history30% of denialsDebt-to-income ratio30% of denialsInsufficient cash to close20% of denialsEmployment history10% of denialsCollateral (value/type)10% of denialsIncomplete application10% of denials

Where Homespire Mortgage Corporation lends in NJ

CountyDecisionsApproval
Burlington County6298.4%
Camden County4895.8%
Gloucester County4095.0%

Fees & closing costs

Median total loan costs
$7,437
home purchase
As % of loan
2.81%
NJ median 1.93%
Priced originations
123
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Homespire Mortgage Corporation’s home-purchase originations — 0.87 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $100. 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 Homespire Mortgage Corporation (LEI 549300MFY0P4D234OB91). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →