Lender report card · New Jersey

Homeward Residential Inc.

Mount Laurel, NJ · What the federal mortgage record shows about how Homeward Residential Inc. treated New Jersey applicants, 2018–2025 — 526 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
17.5%
92 approved
Denial rate
82.5%
434 denied
Decisions
526
2018–2025
Avg. rate spread
+0.81 pp
vs. market benchmark
17.5% approved
82.5% denied

Share of 526 New Jersey applications Homeward Residential Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional18.8% of 404 · NJ 87%FHA13.1% of 122 · NJ 79%

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

Approval rate over time

9%12%15%18%21%18%12%20182019

Pricing

Adjusting for its loan-type mix, Homeward Residential Inc.’s rates ran +0.48 pp higher than the typical New Jersey lender (average rate spread +0.81 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Homeward Residential Inc. approves

By income
Under $50k6.6% · 121$50–75k20.7% · 111$75–100k23.0% · 87$100–150k21.0% · 119$150–250k19.4% · 62
By debt-to-income
Under 36%21.2% · 11336–43%35.0% · 6043–50%36.2% · 94Over 50%7.1% · 182
By down payment (LTV)
20%+ down9.7% · 31

Why Homeward Residential Inc. denied applications

Incomplete application37% of denialsDebt-to-income ratio32% of denialsCredit history16% of denialsCollateral (value/type)9% of denialsOther3% of denialsInsufficient cash to close3% of denials

Where Homeward Residential Inc. lends in NJ

CountyDecisionsApproval
Essex County7513.3%
Bergen County4814.6%
Middlesex County4112.2%
Union County4030.0%
Hudson County3923.1%
Monmouth County3514.3%
Camden County3125.8%
Burlington County3010.0%

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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 Homeward Residential Inc. (LEI 549300X5Q6MWPDMY7065). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →