Lender report card · New Jersey

Tomo Mortgage Llc

New York, NY · What the federal mortgage record shows about how Tomo Mortgage Llc treated New Jersey applicants, 2018–2025 — 280 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
82.1%
230 approved
Denial rate
17.9%
50 denied
Decisions
280
2018–2025
Avg. rate spread
-0.19 pp
vs. market benchmark
82.1% approved
17.9% denied

Share of 280 New Jersey applications Tomo 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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

Conventional82.5% of 275 · NJ 87%

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

Approval rate over time

78%80%82%84%86%88%86%81%20242025

Pricing

Adjusting for its loan-type mix, Tomo Mortgage Llc’s rates ran -0.42 pp lower than the typical New Jersey lender (average rate spread -0.19 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Tomo Mortgage Llc approves

By income
$100–150k79.2% · 53$150–250k76.9% · 117$250k+92.9% · 85
By debt-to-income
Under 36%82.4% · 11936–43%81.3% · 7543–50%87.3% · 79
By down payment (LTV)

Thin.

Why Tomo Mortgage Llc denied applications

Other86% of denialsCollateral (value/type)10% of denialsDebt-to-income ratio8% of denialsUnverifiable information4% of denialsInsufficient cash to close2% of denials

Where Tomo Mortgage Llc lends in NJ

CountyDecisionsApproval
Bergen County4283.3%
Morris County3686.1%
Middlesex County2584.0%

Fees & closing costs

Median total loan costs
$5,290
home purchase
As % of loan
0.99%
NJ median 1.93%
Priced originations
230
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Tomo Mortgage Llc’s home-purchase originations — 0.94 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $277. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Tomo Mortgage Llc 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 Tomo Mortgage Llc (LEI 254900HEJ9F73IMPX887). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →