The Mortgage Record
Lender report card · New Jersey

North Jersey Federal Credit Union

Totowa, NJ · What the federal mortgage record shows about how North Jersey Federal Credit Union treated New Jersey applicants, 2018–2025 — 231 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
84.0%
194 approved
Denial rate
16.0%
37 denied
Decisions
231
2018–2025
Avg. rate spread
+0.40 pp
vs. market benchmark
84.0% approved
16.0% denied

Share of 231 New Jersey applications North Jersey Federal Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional84.0% of 231 · NJ 87%

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

Approval rate over time

73%79%85%91%97%76%100%89%82%82%88%201820192020202220232025

Pricing

Adjusting for its loan-type mix, North Jersey Federal Credit Union’s rates ran +0.18 pp higher than the typical New Jersey lender (average rate spread +0.40 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who North Jersey Federal Credit Union approves

By income
$50–75k78.9% · 38$75–100k83.3% · 36$100–150k96.9% · 64$150–250k88.9% · 45
By debt-to-income
Under 36%95.8% · 9636–43%90.0% · 4043–50%88.5% · 26
By down payment (LTV)
20%+ down89.7% · 155

Why North Jersey Federal Credit Union denied applications

Debt-to-income ratio73% of denialsCredit history38% of denialsOther5% of denialsCollateral (value/type)5% of denialsEmployment history3% of denials

Where North Jersey Federal Credit Union lends in NJ

CountyDecisionsApproval
Passaic County7582.7%
Essex County4883.3%
Bergen County3591.4%

Fees & closing costs

Median total loan costs
$6,162
home purchase
As % of loan
2.00%
NJ median 1.93%
Priced originations
60
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on North Jersey Federal Credit Union’s home-purchase originations — 0.06 points higher than the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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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 North Jersey Federal Credit Union (LEI 549300VFH2IXM3I18P78). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →