New Fed Mortgage Corp.
Danvers, MA · What the federal mortgage record shows about how New Fed Mortgage Corp. treated New Jersey applicants, 2018–2025 — 331 reported decisions. This is historical behavior, not a prediction about your loan.
Share of 331 New Jersey applications New Fed Mortgage Corp. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.
Approval rate by loan type
“NJ” = the statewide average approval rate for that loan type, for comparison.
Approval rate over time
Pricing
Adjusting for its loan-type mix, New Fed Mortgage Corp.’s rates ran -0.30 pp lower than the typical New Jersey lender (average rate spread -0.06 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 Fed Mortgage Corp. approves
Why New Fed Mortgage Corp. denied applications
Where New Fed Mortgage Corp. lends in NJ
| County | Decisions | Approval |
|---|---|---|
| Middlesex County | 58 | 96.6% |
| Burlington County | 39 | 97.4% |
| Ocean County | 29 | 89.7% |
| Morris County | 26 | 100.0% |
| Bergen County | 25 | 96.0% |
Fees & closing costs
Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on New Fed Mortgage Corp.’s home-purchase originations — 0.33 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $251. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →
Compare New Fed Mortgage Corp. to other lenders for your profile
Enter your income, county, DTI and down payment to see who approves borrowers like you.
Open the approval tool →Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by New Fed Mortgage Corp. (LEI 549300TB3TMP4RV5T078). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →