The Mortgage Record
Lender report card · New Jersey

Primary Residential Mortgage, Inc.

Salt Lake City, UT · What the federal mortgage record shows about how Primary Residential Mortgage, Inc. treated New Jersey applicants, 2018–2025 — 2,128 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
86.8%
1,848 approved
Denial rate
13.2%
280 denied
Decisions
2,128
2018–2025
Avg. rate spread
+0.79 pp
vs. market benchmark
86.8% approved
13.2% denied

Share of 2,128 New Jersey applications Primary Residential Mortgage, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional90.8% of 1,332 · NJ 87%FHA79.6% of 730 · NJ 79%VA84.9% of 53 · NJ 80%

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

Approval rate over time

81%85%89%93%97%85%85%89%85%92%88%95%90%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Primary Residential Mortgage, Inc.’s rates ran +0.34 pp higher than the typical New Jersey lender (average rate spread +0.79 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Primary Residential Mortgage, Inc. approves

By income
Under $50k73.6% · 212$50–75k83.4% · 506$75–100k89.6% · 451$100–150k91.0% · 535$150–250k91.7% · 300$250k+84.1% · 88
By debt-to-income
Under 36%96.4% · 65836–43%96.1% · 45643–50%94.7% · 619Over 50%67.7% · 263
By down payment (LTV)
20%+ down98.4% · 74710–20% down98.1% · 1615–10% down98.2% · 1693–5% down96.3% · 217Under 3% down94.0% · 183

Why Primary Residential Mortgage, Inc. denied applications

Credit history35% of denialsDebt-to-income ratio34% of denialsCollateral (value/type)14% of denialsOther10% of denialsUnverifiable information9% of denialsInsufficient cash to close8% of denials

Where Primary Residential Mortgage, Inc. lends in NJ

CountyDecisionsApproval
Ocean County39288.8%
Monmouth County35084.3%
Union County24588.2%
Gloucester County19589.2%
Camden County19288.0%
Burlington County17385.5%
Middlesex County12587.2%
Essex County9386.0%

Fees & closing costs

Median total loan costs
$7,955
home purchase
As % of loan
3.51%
NJ median 1.93%
Priced originations
1,162
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Primary Residential Mortgage, Inc.’s home-purchase originations — 1.58 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $750. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
11
from NJ, 2022–present

Complaints New Jersey mortgage customers filed against Primary Residential Mortgage, Inc. with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Applying for a mortgage or refinancing an existing mortgage. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Primary Residential Mortgage, Inc. 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 Primary Residential Mortgage, Inc. (LEI 54930052M48FOD3CWA54). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →