The Mortgage Record
Lender report card · New Jersey

Jet Direct Funding Corp.

Bohemia, NY · What the federal mortgage record shows about how Jet Direct Funding Corp. treated New Jersey applicants, 2018–2025 — 493 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
82.2%
405 approved
Denial rate
17.8%
88 denied
Decisions
493
2018–2025
Avg. rate spread
+0.68 pp
vs. market benchmark
82.2% approved
17.8% denied

Share of 493 New Jersey applications Jet Direct Funding Corp. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional87.8% of 312 · NJ 87%FHA72.2% of 176 · NJ 79%

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

Approval rate over time

55%64%73%82%91%87%76%75%69%58%81%90%2019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Jet Direct Funding Corp.’s rates ran +0.23 pp higher than the typical New Jersey lender (average rate spread +0.68 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Jet Direct Funding Corp. approves

By income
$50–75k81.4% · 70$75–100k76.3% · 93$100–150k79.5% · 146$150–250k83.2% · 107$250k+94.9% · 59
By debt-to-income
Under 36%89.5% · 9536–43%86.5% · 11143–50%89.5% · 181Over 50%55.6% · 99
By down payment (LTV)
20%+ down87.9% · 22310–20% down79.3% · 825–10% down82.3% · 623–5% down76.1% · 117

Why Jet Direct Funding Corp. denied applications

Debt-to-income ratio39% of denialsCollateral (value/type)25% of denialsOther24% of denialsUnverifiable information19% of denialsCredit history14% of denialsEmployment history12% of denials

Where Jet Direct Funding Corp. lends in NJ

CountyDecisionsApproval
Bergen County10186.1%
Essex County7774.0%
Passaic County4881.2%
Hudson County4687.0%
Union County4178.0%
Morris County3688.9%
Ocean County3491.2%
Middlesex County2584.0%

Fees & closing costs

Median total loan costs
$10,367
home purchase
As % of loan
2.75%
NJ median 1.93%
Priced originations
300
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Jet Direct Funding Corp.’s home-purchase originations — 0.81 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $495. 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 Jet Direct Funding Corp. (LEI 549300U4FBW37LFHW771). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →