The Mortgage Record
Lender report card · New Jersey

K. Hovnanian American Mortgage

Boynton Beach, FL · What the federal mortgage record shows about how K. Hovnanian American Mortgage treated New Jersey applicants, 2018–2025 — 2,010 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
89.9%
1,807 approved
Denial rate
10.1%
203 denied
Decisions
2,010
2018–2025
Avg. rate spread
+0.26 pp
vs. market benchmark
89.9% approved
10.1% denied

Share of 2,010 New Jersey applications K. Hovnanian American Mortgage approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional91.0% of 1,920 · NJ 87%FHA55.4% of 65 · NJ 79%VA92.0% of 25 · NJ 80%

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

Approval rate over time

81%85%89%93%97%93%87%91%97%89%92%84%90%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, K. Hovnanian American Mortgage’s rates ran +0.02 pp in line with than the typical New Jersey lender (average rate spread +0.26 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who K. Hovnanian American Mortgage approves

By income
$50–75k51.9% · 27$75–100k64.0% · 75$100–150k85.6% · 425$150–250k93.4% · 929$250k+94.8% · 538
By debt-to-income
Under 36%96.7% · 84536–43%97.0% · 49343–50%96.0% · 502Over 50%17.6% · 170
By down payment (LTV)
20%+ down90.9% · 1,24810–20% down89.1% · 3685–10% down81.8% · 121

Why K. Hovnanian American Mortgage denied applications

Debt-to-income ratio73% of denialsOther20% of denialsEmployment history11% of denialsCredit history11% of denialsInsufficient cash to close4% of denialsUnverifiable information2% of denials

Where K. Hovnanian American Mortgage lends in NJ

CountyDecisionsApproval
Middlesex County70392.7%
Monmouth County56084.5%
Essex County27794.6%
Morris County17692.0%
Somerset County14187.2%
Mercer County6595.4%
Bergen County4178.0%

Fees & closing costs

Median total loan costs
$5,913
home purchase
As % of loan
1.20%
NJ median 1.93%
Priced originations
1,807
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on K. Hovnanian American Mortgage’s home-purchase originations — 0.73 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $21. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare K. Hovnanian American Mortgage 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 K. Hovnanian American Mortgage (LEI 5493004N9PMBSLEZOF16). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →