The Mortgage Record
Lender report card · New Jersey

Norwich Commercial Group Inc

Avon, CT · What the federal mortgage record shows about how Norwich Commercial Group Inc treated New Jersey applicants, 2018–2025 — 672 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
78.4%
527 approved
Denial rate
21.6%
145 denied
Decisions
672
2018–2025
Avg. rate spread
+0.43 pp
vs. market benchmark
78.4% approved
21.6% denied

Share of 672 New Jersey applications Norwich Commercial Group Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional83.0% of 483 · NJ 87%FHA68.1% of 166 · NJ 79%

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

Approval rate over time

37%49%61%73%85%65%40%67%67%65%79%85%78%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Norwich Commercial Group Inc’s rates ran +0.04 pp higher than the typical New Jersey lender (average rate spread +0.43 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Norwich Commercial Group Inc approves

By income
Under $50k52.8% · 36$50–75k71.1% · 38$75–100k80.6% · 103$100–150k79.2% · 231$150–250k83.1% · 195$250k+76.5% · 68
By debt-to-income
Under 36%73.5% · 10236–43%82.9% · 11143–50%84.8% · 349Over 50%56.9% · 102
By down payment (LTV)
20%+ down80.1% · 29710–20% down82.8% · 995–10% down85.2% · 1153–5% down73.9% · 115

Why Norwich Commercial Group Inc denied applications

Incomplete application63% of denialsDebt-to-income ratio16% of denialsOther10% of denialsCredit history7% of denialsUnverifiable information5% of denialsInsufficient cash to close4% of denials

Where Norwich Commercial Group Inc lends in NJ

CountyDecisionsApproval
Ocean County15884.8%
Union County13986.3%
Essex County5675.0%
Monmouth County5479.6%
Burlington County4461.4%
Bergen County3672.2%
Middlesex County3174.2%
Camden County2965.5%

Fees & closing costs

Median total loan costs
$11,305
home purchase
As % of loan
2.62%
NJ median 1.93%
Priced originations
434
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Norwich Commercial Group Inc’s home-purchase originations — 0.68 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $3,058. 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 Norwich Commercial Group Inc (LEI 549300T5QSL6MC8M4D04). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →