Nj Lenders Corp. Mortgage Rates, Fees & Info

LITTLE FALLS, NJ

LEI: 549300JZD4L02YZI3Z50

Tax ID: 22-3157857

5 stars - Updated: 6/9/24 - out of 5 stars, based on 59 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Nj Lenders Corp. is a small mortgage company specializing in Home Purchase loans. Nj Lenders Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Tampa, Trenton, and Miami among others. We have data for 112 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nj Lenders Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nj Lenders Corp. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.31% 6/9/24
30 Year Conventional Refi 6.49% 6/9/24
30 Year Cash-out Refi 6.64% 6/9/24
30 Year FHA Purchase 7.18% 6/9/24
30 Year FHA Refi 6.62% 6/9/24
30 Year VA Purchase 6.16% 6/9/24
30 Year VA Refi 5.94% 6/9/24
30 Year USDA Purchase 6.44% 6/9/24
30 Year USDA Refi 6.27% 6/9/24
15 Year Conventional Purchase 5.79% 6/9/24
15 Year Conventional Refi 5.88% 6/9/24
15 Year Cash-out Refi 5.88% 6/9/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Nj Lenders Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Nj Lenders Corp.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,510

Origination Dollar Volume (All Markets)

$1,528,380,000
Show all (5) awards

Relative Rate

Nj Lenders Corp.'s average 30 year fixed mortgage rate was 6.5%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Nj Lenders Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,229.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,594 $1,224,880,000 $472,197 $8,305 6.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 247 $80,115,000 $324,352 $9,009 6.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 104 $27,240,000 $261,923 $9,158 5.34%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 49 $21,535,000 $439,490 $7,157 6.49%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 44 $16,810,000 $382,045 $7,983 6.68%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 49 $14,815,000 $302,347 $7,956 6.54%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 29 $12,065,000 $416,034 $8,814 6.59%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $6,515,000 $342,895 $6,293 6.53%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $5,705,000 $380,333 $4,733 6.87%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 15 $5,295,000 $353,000 $8,873 6.55%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $5,180,000 $518,000 $6,561 6.49%
EAST STROUDSBURG, PA (FHA|USDA|VA) 16 $4,850,000 $303,125 $9,764 6.98%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $4,350,000 $543,750 $6,722 6.70%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $4,300,000 $537,500 $6,654 6.58%
OCEAN CITY, NJ (FHA|USDA|VA) 11 $4,275,000 $388,636 $7,429 7.09%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $4,080,000 $510,000 $6,793 6.64%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 13 $3,825,000 $294,231 $8,649 6.42%
Outside of Metro Areas 14 $3,750,000 $267,857 $8,117 7.16%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $3,400,000 $340,000 $7,681 6.54%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $3,330,000 $555,000 $8,389 6.52%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 11 $3,265,000 $296,818 $5,452 6.48%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $2,795,000 $215,000 $8,173 4.90%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,500,000 $416,667 $10,534 6.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 10 $2,440,000 $244,000 $7,087 6.76%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $2,355,000 $336,429 $5,505 6.87%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $2,155,000 $307,857 $5,244 7.02%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $2,020,000 $1,010,000 $5,706 7.06%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $1,940,000 $323,333 $5,563 6.83%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,925,000 $385,000 $7,475 6.55%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,865,000 $266,429 $5,993 6.44%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,710,000 $427,500 $10,319 6.19%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,675,000 $335,000 $4,178 6.65%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,665,000 $1,665,000 $5,154 4.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,585,000 $528,333 $10,666 6.13%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,570,000 $392,500 $6,813 6.72%
KINGSTON, NY (FHA|USDA|VA) 3 $1,395,000 $465,000 $8,043 6.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,390,000 $347,500 $6,897 6.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,375,000 $275,000 $5,100 6.15%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,355,000 $193,571 $4,567 6.29%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,300,000 $325,000 $11,173 7.19%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,265,000 $421,667 $5,682 6.41%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $1,255,000 $418,333 $6,308 5.75%
OCALA, FL (FHA|USDA|VA) 6 $1,150,000 $191,667 $5,756 5.65%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,030 6.47%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,050,000 $525,000 $6,055 7.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,734 6.81%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,035,000 $207,000 $4,629 6.80%
LANCASTER, PA (FHA|USDA|VA) 4 $900,000 $225,000 $6,471 6.66%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $890,000 $445,000 $8,539 7.44%
SAVANNAH, GA (FHA|USDA|VA) 3 $885,000 $295,000 $7,203 6.33%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $865,000 $865,000 $5,907 6.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $820,000 $410,000 $4,241 7.43%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $800,000 $400,000 $7,210 6.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $800,000 $200,000 $7,934 4.69%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $765,000 $255,000 $6,224 6.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $735,000 $245,000 $5,516 6.70%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $730,000 $365,000 $9,283 7.56%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $685,000 $228,333 $6,886 6.42%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $660,000 $330,000 $7,191 6.38%
THE VILLAGES, FL (FHA|USDA|VA) 3 $655,000 $218,333 $3,386 6.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $655,000 $218,333 $7,110 6.04%
Lebanon, NH-VT (FHA|USDA|VA) 1 $645,000 $645,000 $3,928 6.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $630,000 $157,500 $4,085 6.44%
Pottsville, PA (FHA|USDA|VA) 1 $475,000 $475,000 $8,823 6.62%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $470,000 $235,000 $3,279 6.06%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $460,000 $230,000 $6,053 7.13%
GLENS FALLS, NY (FHA|USDA|VA) 1 $445,000 $445,000 $5,522 6.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $445,000 $148,333 $6,597 6.91%
FRESNO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $11,558 5.63%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $410,000 $205,000 $3,687 7.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $405,000 $405,000 $4,395 6.13%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $5,011 7.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $390,000 $195,000 $2,982 6.25%
GETTYSBURG, PA (FHA|USDA|VA) 1 $385,000 $385,000 $13,813 7.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $375,000 $375,000 $5,910 7.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,627 6.19%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $345,000 $345,000 $3,655 8.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $8,368 7.38%
GOLDSBORO, NC (FHA|USDA|VA) 1 $325,000 $325,000 $10,365 6.13%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $315,000 $315,000 $12,524 5.75%
LEBANON, PA (FHA|USDA|VA) 1 $305,000 $305,000 $5,106 6.13%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $13,767 5.00%
Malone, NY (FHA|USDA|VA) 1 $295,000 $295,000 $9,741 8.25%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $285,000 $285,000 $4,994 7.38%
READING, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,847 7.00%
SYRACUSE, NY (FHA|USDA|VA) 1 $275,000 $275,000 $12,882 6.63%
KNOXVILLE, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,379 6.38%
VICTORIA, TX (FHA|USDA|VA) 1 $265,000 $265,000 $8,908 7.63%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $265,000 $88,333 $4,882 6.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $255,000 $255,000 $5,149 7.99%
WACO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,568 8.38%
BRUNSWICK, GA (FHA|USDA|VA) 1 $245,000 $245,000 $9,402 7.38%
PANAMA CITY, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,537 7.99%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,663 6.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,038 6.25%
SUMTER, SC (FHA|USDA|VA) 1 $225,000 $225,000 $8,416 5.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $225,000 $225,000 $11,404 5.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $6,334 7.13%
GREENVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,290 7.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $5,293 6.75%
Statesboro, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,551 6.00%
Portsmouth, OH (FHA|USDA|VA) 3 $195,000 $65,000 $4,201 7.33%
AKRON, OH (FHA|USDA|VA) 1 $185,000 $185,000 $5,198 6.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,320 6.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,803 7.13%
Lumberton, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,778 5.75%
ROCHESTER, NY (FHA|USDA|VA) 1 $175,000 $175,000 $4,199 6.99%
DALTON, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,483 6.38%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.87%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $8,435 5.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $115,000 $115,000 $3,212 6.13%
BINGHAMTON, NY (FHA|USDA|VA) 1 $95,000 $95,000 $4,213 6.00%
Nj Lenders Corp.'s top markets include New York, Philadelphia, Tampa, Trenton, and Miami among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NJ LENDERS CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Walden Savings Bank
    Similarity Rank: 15
    Republic Bank
    Similarity Rank: 35
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    The Torrington Savings Bank
    Similarity Rank: 45
    SOMERSET
    Similarity Rank: 48
    Chelsea Groton Bank
    Similarity Rank: 56
    Stafford Savings Bank
    Similarity Rank: 63
    HOMEFIELD
    Similarity Rank: 75
    Charter Oak Federal Credit Union
    Similarity Rank: 88

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,053 $1,332,925,000 $436,595 $7,054 6.50%
    FHA 402 $171,820,000 $427,413 $16,422 6.44%
    VA 53 $23,195,000 $437,642 $10,782 6.07%
    USDA 2 $440,000 $220,000 $7,515 6.69%

    For 2023, Nj Lenders Corp.'s most frequently originated type of loan was Conventional, with 3,053 originations. Their 2nd most popular type was FHA, with 402 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,283 $1,442,875,000 $439,499 $8,175 6.47%
    Cash Out Refi 167 $58,265,000 $348,892 $8,496 6.82%
    Refi 60 $27,240,000 $454,000 $8,244 6.46%

    For 2023, Nj Lenders Corp.'s most frequently cited loan purpose was Home Purchase, with 3,283 originations. The 2nd most popular reason was Cash Out Refi, with 167 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,411 $1,487,085,000 $435,967 $8,229 6.50%
    15 Year 81 $32,715,000 $403,889 $6,782 5.90%
    20 Year 13 $5,795,000 $445,769 $7,139 5.84%
    Other 5 $2,785,000 $557,000 $8,060 6.55%

    For 2023, Nj Lenders Corp.'s most frequently cited loan duration was 30 Year, with 3,411 originations. The 2nd most popular length was 15 Year, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,942 $849,400,000 $437,384
    $5k+ 728 $370,220,000 $508,544
    $2k-3k 351 $137,375,000 $391,382
    $3k-4k 227 $79,885,000 $351,916
    $4k-5k 178 $68,760,000 $386,292
    $<1k 56 $13,670,000 $244,107

    Nj Lenders Corp.'s average total fees were $8,229, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,942 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,876 $819,530,000 $436,850
    5-6% 757 $351,205,000 $463,943
    7-8% 750 $309,930,000 $413,240
    4-5% 65 $30,095,000 $463,000
    3-4% 24 $10,410,000 $433,750
    <2.5% 23 $335,000 $14,565
    Over 8% 15 $6,875,000 $458,333

    During 2023, Nj Lenders Corp.'s average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 1,876 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,289 $393,685,000 $305,419 $7,224 6.55%
    $400k-600k 1,153 $563,375,000 $488,617 $8,887 6.49%
    $600k-1MM 568 $408,880,000 $719,859 $10,931 6.48%
    $100k-200k 365 $58,955,000 $161,521 $5,065 6.63%
    $1MM+ 81 $100,565,000 $1,241,543 $11,928 6.39%
    $100,000 or less 54 $2,920,000 $54,074 $2,370 3.85%

    2023 saw Nj Lenders Corp. place emphasis on $200k-400k loans with 1,289 originations, totaling $393,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,078 $518,700,000 $481,169 $8,592 6.57%
    $100k-150k 1,010 $389,510,000 $385,653 $8,294 6.47%
    $250k+ 644 $420,560,000 $653,043 $8,532 6.56%
    $75k-100k 442 $131,940,000 $298,507 $8,021 6.31%
    $50k-75k 271 $58,335,000 $215,258 $6,384 6.36%
    $50k or less 65 $9,335,000 $143,615 $5,265 6.13%

    Nj Lenders Corp. lent most frequently to those with incomes in the $150k-250k range, with 1,078 originations. The second most popular income band? $100k-150k, with 1,010 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 544 $237,680,000 $436,912 $7,200 6.52%
    20-30% 477 $208,055,000 $436,174 $6,661 6.36%
    50-60% 240 $108,760,000 $453,167 $15,548 6.49%
    49% 225 $92,405,000 $410,689 $8,838 6.69%
    48% 185 $78,045,000 $421,865 $8,663 6.66%
    43% 168 $71,140,000 $423,452 $7,707 6.52%
    44% 159 $73,515,000 $462,358 $9,207 6.48%
    46% 155 $62,115,000 $400,742 $8,486 6.59%
    47% 154 $66,310,000 $430,584 $8,358 6.66%
    40% 149 $62,475,000 $419,295 $7,208 6.52%
    <20% 148 $55,770,000 $376,824 $5,803 5.61%
    45% 139 $61,965,000 $445,791 $7,982 6.64%
    41% 137 $59,805,000 $436,533 $7,561 6.49%
    42% 134 $63,820,000 $476,269 $8,143 6.50%
    38% 132 $63,550,000 $481,439 $8,121 6.46%
    39% 130 $63,520,000 $488,615 $7,375 6.53%
    37% 121 $52,305,000 $432,273 $7,499 6.55%
    36% 112 $46,820,000 $418,036 $7,613 6.47%
    >60% 1 $325,000 $325,000 $10,365 6.13%

    Nj Lenders Corp. lent most frequently to those with DTI ratios of 30-36%, with 544 originations. The next most common DTI ratio? 20-30%, with 477 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,151 $920,025,000 $427,720 $8,048 6.48%
    Not provided 486 $215,600,000 $443,621 $8,110 6.49%
    Asian 404 $195,510,000 $483,936 $7,891 6.48%
    Black 243 $96,105,000 $395,494 $10,740 6.57%
    Asian Indian 181 $84,215,000 $465,276 $7,264 6.44%
    American Indian 15 $5,255,000 $350,333 $7,794 6.40%
    Filipino 8 $3,300,000 $412,500 $7,527 6.59%
    Native Hawaiian or Islander 8 $2,700,000 $337,500 $11,942 5.27%
    Other Asian 4 $1,860,000 $465,000 $10,415 6.06%
    Korean 3 $1,255,000 $418,333 $10,217 6.92%
    Chinese 2 $1,220,000 $610,000 $5,442 5.63%
    Other Pacific Islander 2 $770,000 $385,000 $8,287 6.81%
    Vietnamese 1 $305,000 $305,000 $5,907 6.50%
    Japanese 2 $260,000 $130,000 $4,799 6.99%

    Approval Rates

    Total approvals of all applications
    94.99%

    Nj Lenders Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.63%

    Nj Lenders Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,510 $1,528,380,000 $435,436

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,510 $1,528,380,000 $435,436

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $32,730,000 $268,279 $5,335 6.52%
    40-60% 330 $117,150,000 $355,000 $6,197 6.51%
    60-80% 1,177 $539,675,000 $458,517 $7,555 6.59%
    80-100% 1,827 $830,015,000 $454,305 $9,228 6.48%
    Over 100% 10 $4,300,000 $430,000 $18,805 6.57%
    Under 20% 43 $4,155,000 $96,628 $2,214 3.09%