The Mortgage Record
Lender report card · New Jersey

Weichert Financial Services

Morris Plains, NJ · What the federal mortgage record shows about how Weichert Financial Services treated New Jersey applicants, 2018–2025 — 12,275 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.4%
11,461 approved
Denial rate
6.6%
814 denied
Decisions
12,275
2018–2025
Avg. rate spread
+0.48 pp
vs. market benchmark
93.4% approved
6.6% denied

Share of 12,275 New Jersey applications Weichert Financial Services 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 Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.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 10,121 · NJ 87%FHA86.0% of 1,651 · NJ 79%VA91.7% of 458 · NJ 80%USDA75.6% of 45 · NJ 87%

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

Approval rate over time

88%90%92%94%96%98%92%93%94%95%92%93%91%94%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Weichert Financial Services’s rates ran +0.18 pp higher than the typical New Jersey lender (average rate spread +0.48 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Weichert Financial Services approves

By income
Under $50k83.1% · 1,011$50–75k91.2% · 2,267$75–100k93.4% · 2,338$100–150k94.5% · 3,220$150–250k96.7% · 2,547$250k+97.0% · 871
By debt-to-income
Under 36%96.8% · 4,43236–43%96.2% · 3,15343–50%95.4% · 3,704Over 50%60.7% · 941
By down payment (LTV)
20%+ down95.3% · 5,22210–20% down94.1% · 1,7235–10% down93.1% · 1,7823–5% down91.0% · 1,497Under 3% down78.9% · 351

Why Weichert Financial Services denied applications

Debt-to-income ratio43% of denialsCollateral (value/type)23% of denialsCredit history20% of denialsOther13% of denialsEmployment history9% of denialsInsufficient cash to close8% of denials

Where Weichert Financial Services lends in NJ

CountyDecisionsApproval
Morris County1,81195.6%
Burlington County1,23194.6%
Ocean County99090.7%
Camden County97192.2%
Middlesex County88090.1%
Monmouth County76592.8%
Sussex County73995.0%
Essex County63191.8%

Fees & closing costs

Median total loan costs
$5,470
home purchase
As % of loan
2.08%
NJ median 1.93%
Priced originations
9,372
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Weichert Financial Services’s home-purchase originations — 0.14 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $460. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
11
from NJ, 2022–present

Complaints New Jersey mortgage customers filed against Weichert Financial Services with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Trouble during payment process. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Weichert Financial Services to other lenders for your profile

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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 Weichert Financial Services (LEI 549300EFCZM6KD6B8K69). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →