The Mortgage Record
Lender report card · New Jersey

Primelending

Dallas, TX · What the federal mortgage record shows about how Primelending treated New Jersey applicants, 2018–2025 — 2,776 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.9%
2,606 approved
Denial rate
6.1%
170 denied
Decisions
2,776
2018–2025
Avg. rate spread
+0.42 pp
vs. market benchmark
93.9% approved
6.1% denied

Share of 2,776 New Jersey applications Primelending approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional94.7% of 2,370 · NJ 87%FHA88.5% of 322 · NJ 79%VA89.9% of 79 · NJ 80%

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

Approval rate over time

85%88%91%94%97%95%94%96%94%88%92%93%94%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Primelending’s rates ran +0.13 pp higher than the typical New Jersey lender (average rate spread +0.42 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Primelending approves

By income
Under $50k80.0% · 130$50–75k90.6% · 392$75–100k92.9% · 507$100–150k95.5% · 773$150–250k96.4% · 715$250k+96.6% · 237
By debt-to-income
Under 36%97.8% · 1,00836–43%97.2% · 74143–50%94.7% · 827Over 50%57.8% · 192
By down payment (LTV)
20%+ down94.8% · 1,30610–20% down94.5% · 3795–10% down90.9% · 3613–5% down92.4% · 225Under 3% down90.6% · 96

Why Primelending denied applications

Debt-to-income ratio52% of denialsCredit history22% of denialsCollateral (value/type)15% of denialsIncomplete application7% of denialsInsufficient cash to close7% of denialsOther5% of denials

Where Primelending lends in NJ

CountyDecisionsApproval
Middlesex County62895.9%
Somerset County39995.5%
Mercer County24194.6%
Monmouth County19994.5%
Ocean County15995.0%
Burlington County14694.5%
Hunterdon County12594.4%
Morris County11596.5%

Fees & closing costs

Median total loan costs
$5,093
home purchase
As % of loan
1.73%
NJ median 1.93%
Priced originations
1,760
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Primelending’s home-purchase originations — 0.21 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $53. 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 Primelending (LEI 549300121SF0K2LN2804). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →