Lender report card · New Jersey

Usalliance Federal Credit Union

Rye, NY · What the federal mortgage record shows about how Usalliance Federal Credit Union treated New Jersey applicants, 2018–2025 — 362 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
85.9%
311 approved
Denial rate
14.1%
51 denied
Decisions
362
2018–2025
Avg. rate spread
+0.01 pp
vs. market benchmark
85.9% approved
14.1% denied

Share of 362 New Jersey applications Usalliance Federal Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional85.9% of 362 · NJ 87%

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

Approval rate over time

58%68%78%88%98%81%84%94%89%61%96%202020212022202320242025

Pricing

Adjusting for its loan-type mix, Usalliance Federal Credit Union’s rates ran -0.21 pp lower than the typical New Jersey lender (average rate spread +0.01 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Usalliance Federal Credit Union approves

By income
$100–150k80.6% · 36$150–250k85.2% · 81$250k+92.2% · 217
By debt-to-income
Under 36%88.6% · 17636–43%94.0% · 11743–50%86.3% · 51
By down payment (LTV)
20%+ down89.0% · 22710–20% down88.5% · 113

Why Usalliance Federal Credit Union denied applications

Debt-to-income ratio39% of denialsCollateral (value/type)33% of denialsCredit history18% of denialsOther12% of denialsEmployment history4% of denialsInsufficient cash to close4% of denials

Where Usalliance Federal Credit Union lends in NJ

CountyDecisionsApproval
Essex County8390.4%
Bergen County7489.2%
Hudson County4281.0%
Morris County4085.0%
Monmouth County3375.8%

Fees & closing costs

Median total loan costs
$7,579
home purchase
As % of loan
0.82%
NJ median 1.93%
Priced originations
186
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Usalliance Federal Credit Union’s home-purchase originations — 1.11 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $65. 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 Usalliance Federal Credit Union (LEI 254900NZOY3XB2DNSZ34). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →