The Mortgage Record
Lender report card · New Jersey

Nqm Funding, Llc

Boca Raton, FL · What the federal mortgage record shows about how Nqm Funding, Llc treated New Jersey applicants, 2018–2025 — 1,910 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
87.7%
1,676 approved
Denial rate
12.3%
234 denied
Decisions
1,910
2018–2025
Avg. rate spread
+0.88 pp
vs. market benchmark
87.7% approved
12.3% denied

Share of 1,910 New Jersey applications Nqm Funding, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional88.5% of 1,463 · NJ 87%FHA81.8% of 308 · NJ 79%VA92.8% of 139 · NJ 80%

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

Approval rate over time

78%82%86%90%94%87%87%92%90%82%85%86%85%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Nqm Funding, Llc’s rates ran +0.57 pp higher than the typical New Jersey lender (average rate spread +0.88 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Nqm Funding, Llc approves

By income
Under $50k85.1% · 202$50–75k86.8% · 234$75–100k87.2% · 296$100–150k88.6% · 447$150–250k89.1% · 403$250k+87.7% · 326
By debt-to-income
Under 36%91.1% · 67336–43%90.6% · 42443–50%88.5% · 497Over 50%63.4% · 194
By down payment (LTV)
20%+ down88.7% · 1,19710–20% down86.5% · 2745–10% down88.4% · 1383–5% down82.3% · 158Under 3% down87.5% · 48

Why Nqm Funding, Llc denied applications

Debt-to-income ratio29% of denialsCollateral (value/type)27% of denialsCredit history19% of denialsUnverifiable information11% of denialsIncomplete application10% of denialsOther9% of denials

Where Nqm Funding, Llc lends in NJ

CountyDecisionsApproval
Ocean County53489.1%
Monmouth County25689.5%
Essex County14285.2%
Bergen County13984.2%
Middlesex County12388.6%
Burlington County9384.9%
Passaic County8786.2%
Morris County7790.9%

Fees & closing costs

Median total loan costs
$7,896
home purchase
As % of loan
2.91%
NJ median 1.93%
Priced originations
929
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Nqm Funding, Llc’s home-purchase originations — 0.97 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $557. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Nqm Funding, 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 Nqm Funding, Llc (LEI 2549004Z576VEJBK3N72). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →