The Mortgage Record
Lender report card · New Jersey

New Day Financial, Llc.

West Palm Beach, FL · What the federal mortgage record shows about how New Day Financial, Llc. treated New Jersey applicants, 2018–2025 — 6,083 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
28.4%
1,727 approved
Denial rate
71.6%
4,356 denied
Decisions
6,083
2018–2025
Avg. rate spread
+0.51 pp
vs. market benchmark
28.4% approved
71.6% denied

Share of 6,083 New Jersey applications New Day Financial, Llc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional24.1% of 58 · NJ 87%FHA3.0% of 953 · NJ 79%VA33.2% of 5,072 · NJ 80%

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

Approval rate over time

8%18%28%38%48%12%19%36%37%28%37%38%46%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, New Day Financial, Llc.’s rates ran +0.59 pp higher than the typical New Jersey lender (average rate spread +0.51 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who New Day Financial, Llc. approves

By income
Under $50k5.1% · 1,463$50–75k28.8% · 1,483$75–100k33.1% · 897$100–150k33.9% · 820$150–250k32.6% · 337$250k+24.0% · 50
By debt-to-income
Under 36%32.4% · 1,22636–43%42.6% · 72843–50%40.0% · 750Over 50%8.2% · 2,363
By down payment (LTV)
20%+ down31.0% · 1,40810–20% down21.7% · 1,1455–10% down47.4% · 973–5% down53.5% · 43Under 3% down30.7% · 1,030

Why New Day Financial, Llc. denied applications

Credit history58% of denialsDebt-to-income ratio32% of denialsCollateral (value/type)8% of denialsOther8% of denialsUnverifiable information0% of denialsEmployment history0% of denials

Where New Day Financial, Llc. lends in NJ

CountyDecisionsApproval
Ocean County87237.4%
Burlington County64332.7%
Camden County51631.0%
Monmouth County43326.8%
Middlesex County40726.5%
Gloucester County37530.4%
Atlantic County33725.5%
Essex County31017.4%

Fees & closing costs

Median total loan costs
$7,568
home purchase
As % of loan
3.35%
NJ median 1.93%
Priced originations
73
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on New Day Financial, Llc.’s home-purchase originations — 1.42 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $98. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare New Day Financial, Llc. 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 New Day Financial, Llc. (LEI 549300SUCQ1358EGVE89). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →