The Mortgage Record
Lender report card · New Jersey

Residential Mortgage Services

South Portland, ME · What the federal mortgage record shows about how Residential Mortgage Services treated New Jersey applicants, 2018–2025 — 234 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
89.3%
209 approved
Denial rate
10.7%
25 denied
Decisions
234
2018–2025
Avg. rate spread
+0.30 pp
vs. market benchmark
89.3% approved
10.7% denied

Share of 234 New Jersey applications Residential Mortgage Services approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional90.4% of 209 · NJ 87%

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

Approval rate over time

81%84%87%90%93%86%85%92%90%2018201920202021

Pricing

Adjusting for its loan-type mix, Residential Mortgage Services’s rates ran +0.02 pp in line with than the typical New Jersey lender (average rate spread +0.30 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Residential Mortgage Services approves

By income
$50–75k84.6% · 26$75–100k82.9% · 35$100–150k95.0% · 60$150–250k91.3% · 69$250k+91.2% · 34
By debt-to-income
Under 36%90.9% · 12136–43%90.4% · 5243–50%93.2% · 44
By down payment (LTV)
20%+ down91.8% · 14610–20% down88.5% · 26

Why Residential Mortgage Services denied applications

Credit history28% of denialsDebt-to-income ratio20% of denialsInsufficient cash to close16% of denialsCollateral (value/type)16% of denialsUnverifiable information8% of denialsEmployment history4% of denials

Where Residential Mortgage Services lends in NJ

CountyDecisionsApproval
Cape May County4684.8%
Atlantic County3384.8%
Camden County2989.7%

Fees & closing costs

Median total loan costs
$4,607
home purchase
As % of loan
1.58%
NJ median 1.93%
Priced originations
121
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Residential Mortgage Services’s home-purchase originations — 0.35 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $390. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Residential Mortgage Services 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 Residential Mortgage Services (LEI 549300IGSWBIHAL67063). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →