The Mortgage Record
Lender report card · New Jersey

Hometown Equity Mortgage, Llc

Lake Forest, CA · What the federal mortgage record shows about how Hometown Equity Mortgage, Llc treated New Jersey applicants, 2018–2025 — 528 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
61.7%
326 approved
Denial rate
38.3%
202 denied
Decisions
528
2018–2025
Avg. rate spread
+1.47 pp
vs. market benchmark
61.7% approved
38.3% denied

Share of 528 New Jersey applications Hometown Equity Mortgage, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional57.9% of 356 · NJ 87%FHA70.4% of 169 · NJ 79%

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

Approval rate over time

44%56%68%80%92%92%85%52%47%52%50%47%2019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Hometown Equity Mortgage, Llc’s rates ran +0.98 pp higher than the typical New Jersey lender (average rate spread +1.47 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Hometown Equity Mortgage, Llc approves

By income
Under $50k65.1% · 43$50–75k52.6% · 57$75–100k61.9% · 97$100–150k65.4% · 107$150–250k64.1% · 103$250k+60.4% · 111
By debt-to-income
Under 36%62.9% · 17036–43%65.2% · 11243–50%66.7% · 129Over 50%42.5% · 87
By down payment (LTV)
20%+ down53.7% · 30010–20% down63.9% · 725–10% down70.0% · 403–5% down75.6% · 86

Why Hometown Equity Mortgage, Llc denied applications

Incomplete application49% of denialsOther14% of denialsUnverifiable information12% of denialsDebt-to-income ratio10% of denialsCredit history9% of denialsInsufficient cash to close6% of denials

Where Hometown Equity Mortgage, Llc lends in NJ

CountyDecisionsApproval
Bergen County6758.2%
Passaic County5870.7%
Ocean County5771.9%
Middlesex County5457.4%
Essex County4447.7%
Hudson County4153.7%
Monmouth County4062.5%
Union County3562.9%

Fees & closing costs

Median total loan costs
$13,208
home purchase
As % of loan
3.53%
NJ median 1.93%
Priced originations
174
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Hometown Equity Mortgage, Llc’s home-purchase originations — 1.60 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $2,150. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Hometown Equity Mortgage, Llc 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 Hometown Equity Mortgage, Llc (LEI 549300RA3E0BUFO7YZ21). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →