The Mortgage Record
Lender report card · New Jersey

Philadelphia Federal Credit Un

Philadelphia, PA · What the federal mortgage record shows about how Philadelphia Federal Credit Un treated New Jersey applicants, 2018–2025 — 556 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
63.1%
351 approved
Denial rate
36.9%
205 denied
Decisions
556
2018–2025
Avg. rate spread
+0.34 pp
vs. market benchmark
63.1% approved
36.9% denied

Share of 556 New Jersey applications Philadelphia Federal Credit Un approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional63.1% of 556 · NJ 87%

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

Approval rate over time

39%52%65%78%91%48%44%42%52%49%64%89%81%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Philadelphia Federal Credit Un’s rates ran +0.12 pp higher than the typical New Jersey lender (average rate spread +0.34 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Philadelphia Federal Credit Un approves

By income
Under $50k40.0% · 65$50–75k49.3% · 69$75–100k50.0% · 72$100–150k62.1% · 116$150–250k76.8% · 142$250k+80.4% · 92
By debt-to-income
Under 36%66.2% · 27536–43%64.6% · 9943–50%78.4% · 88Over 50%38.5% · 91
By down payment (LTV)
20%+ down65.7% · 41410–20% down70.2% · 57

Why Philadelphia Federal Credit Un denied applications

Incomplete application42% of denialsDebt-to-income ratio29% of denialsCredit history14% of denialsOther10% of denialsInsufficient cash to close8% of denialsCollateral (value/type)7% of denials

Where Philadelphia Federal Credit Un lends in NJ

CountyDecisionsApproval
Cape May County27179.7%
Camden County10442.3%
Burlington County6546.2%
Gloucester County4254.8%
Atlantic County2948.3%

Fees & closing costs

Median total loan costs
$8,502
home purchase
As % of loan
2.95%
NJ median 1.93%
Priced originations
227
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Philadelphia Federal Credit Un’s home-purchase originations — 1.02 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $6,400. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Philadelphia Federal Credit Un 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 Philadelphia Federal Credit Un (LEI 549300DYB1ZT3UOGPL20). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →