Lender report card · New Jersey

Sprout Mortgage, Llc

Port Lucie, FL · What the federal mortgage record shows about how Sprout Mortgage, Llc treated New Jersey applicants, 2018–2025 — 266 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
91.7%
244 approved
Denial rate
8.3%
22 denied
Decisions
266
2018–2025
Avg. rate spread
+1.55 pp
vs. market benchmark
91.7% approved
8.3% denied

Share of 266 New Jersey applications Sprout Mortgage, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional91.7% of 266 · NJ 87%

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

Approval rate over time

Not enough data.

Pricing

Adjusting for its loan-type mix, Sprout Mortgage, Llc’s rates ran +1.33 pp higher than the typical New Jersey lender (average rate spread +1.55 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Sprout Mortgage, Llc approves

By income
$100–150k95.6% · 45$150–250k93.8% · 64$250k+96.5% · 114
By debt-to-income
Under 36%93.8% · 14436–43%92.2% · 5143–50%93.7% · 63
By down payment (LTV)
20%+ down90.8% · 21710–20% down95.7% · 47

Why Sprout Mortgage, Llc denied applications

Credit history59% of denialsInsufficient cash to close23% of denialsDebt-to-income ratio18% of denialsCollateral (value/type)14% of denialsOther14% of denials

Where Sprout Mortgage, Llc lends in NJ

CountyDecisionsApproval
Bergen County4993.9%
Monmouth County3894.7%
Ocean County2588.0%

Fees & closing costs

Median total loan costs
$8,857
home purchase
As % of loan
1.95%
NJ median 1.93%
Priced originations
143
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Sprout Mortgage, Llc’s home-purchase originations — about the 1.93% New Jersey median. Typical lender credit toward costs: $995. 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 Sprout Mortgage, Llc (LEI 549300QLLCMT1VD4OD25). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →