The Mortgage Record
Lender report card · New Jersey

Network Capital Funding Corporation

Irvine, CA · What the federal mortgage record shows about how Network Capital Funding Corporation treated New Jersey applicants, 2018–2025 — 3,405 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
27.2%
926 approved
Denial rate
72.8%
2,479 denied
Decisions
3,405
2018–2025
Avg. rate spread
+0.24 pp
vs. market benchmark
27.2% approved
72.8% denied

Share of 3,405 New Jersey applications Network Capital Funding Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional31.3% of 2,449 · NJ 87%FHA13.1% of 753 · NJ 79%VA29.6% of 203 · NJ 80%

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

Approval rate over time

10%18%26%34%42%13%21%34%30%18%18%43%40%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Network Capital Funding Corporation’s rates ran -0.05 pp lower than the typical New Jersey lender (average rate spread +0.24 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Network Capital Funding Corporation approves

By income
Under $50k6.4% · 1,001$50–75k23.8% · 781$75–100k35.2% · 579$100–150k41.6% · 563$150–250k57.4% · 284$250k+44.4% · 108
By debt-to-income
Under 36%27.2% · 99336–43%47.3% · 47643–50%57.5% · 577Over 50%7.6% · 1,041
By down payment (LTV)
20%+ down32.8% · 2,55910–20% down16.0% · 3075–10% down15.1% · 933–5% down12.0% · 25Under 3% down7.7% · 104

Why Network Capital Funding Corporation denied applications

Credit history81% of denialsDebt-to-income ratio16% of denialsCollateral (value/type)3% of denialsOther3% of denialsIncomplete application1% of denialsUnverifiable information1% of denials

Where Network Capital Funding Corporation lends in NJ

CountyDecisionsApproval
Essex County35019.7%
Ocean County30624.2%
Middlesex County30136.9%
Bergen County25335.6%
Monmouth County23931.8%
Union County22828.9%
Burlington County21925.1%
Camden County21319.7%

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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 Network Capital Funding Corporation (LEI 549300GQDT484LGI9C04). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →