The Mortgage Record
Lender report card · New Jersey

Millenium Home Mortgage

Parsippany, NJ · What the federal mortgage record shows about how Millenium Home Mortgage treated New Jersey applicants, 2018–2025 — 4,227 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
97.0%
4,102 approved
Denial rate
3.0%
125 denied
Decisions
4,227
2018–2025
Avg. rate spread
+0.17 pp
vs. market benchmark
97.0% approved
3.0% denied

Share of 4,227 New Jersey applications Millenium Home Mortgage approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional97.9% of 3,747 · NJ 87%FHA90.0% of 461 · NJ 79%

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

Approval rate over time

89%91%93%95%97%99%93%94%98%98%97%97%98%98%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Millenium Home Mortgage’s rates ran -0.14 pp lower than the typical New Jersey lender (average rate spread +0.17 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Millenium Home Mortgage approves

By income
Under $50k83.2% · 125$50–75k95.2% · 397$75–100k96.2% · 585$100–150k97.5% · 1,110$150–250k98.1% · 1,249$250k+98.5% · 754
By debt-to-income
Under 36%98.8% · 1,95736–43%98.3% · 1,05843–50%96.8% · 944Over 50%78.5% · 242
By down payment (LTV)
20%+ down98.4% · 2,85110–20% down97.1% · 4185–10% down93.6% · 2983–5% down93.6% · 203

Why Millenium Home Mortgage denied applications

Debt-to-income ratio41% of denialsOther26% of denialsCredit history19% of denialsCollateral (value/type)18% of denialsUnverifiable information9% of denialsInsufficient cash to close8% of denials

Where Millenium Home Mortgage lends in NJ

CountyDecisionsApproval
Middlesex County71997.1%
Union County62498.1%
Morris County55598.4%
Hunterdon County38496.6%
Somerset County31597.8%
Monmouth County28898.6%
Essex County28392.9%
Warren County20195.5%

Fees & closing costs

Median total loan costs
$6,149
home purchase
As % of loan
1.78%
NJ median 1.93%
Priced originations
2,043
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Millenium Home Mortgage’s home-purchase originations — 0.15 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $400. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Millenium Home 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 Millenium Home Mortgage (LEI 549300S70UD2GFALPM46). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →