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9 best mortgage lenders in New Jersey

Hoping to buy a home in the Garden State? Here’s a look at the best mortgage lenders in New Jersey.

From Hoboken to the Pine Barrens, and from the suburbs to the shore, New Jersey is an incredibly diverse state with some of the most desirable real estate on the East Coast. Whether you’re thinking about setting down roots in the north, south or the central part of the state, the best mortgage lenders in New Jersey can help you buy a home you’ll love.

What are the best mortgage lenders in New Jersey?

How we pick mortgage lenders

Finder selected these lenders based on several factors, including fees, interest rates, website functionality and minimum requirements. We also considered customer reviews from sites including the Better Business Bureau (BBB), Zillow, Wallethub and Trustpilot. Learn more about Finder’s rating methodology.

Best online experience

Better

Several of the best New Jersey mortgage lenders have feature-rich websites that work well on any size screen, but few are as slick as Better’s web presence. Whether you use a smartphone, tablet or laptop, you’ll likely find Better’s website intuitive and easy to use.

Aside from its website, Better also offers mortgages without origination fees. Plus, Better can price-match competitors if you happen to find a better rate elsewhere.

Best for a wide range of credit scores

Rocket Mortgage

If your credit score isn’t as high as it could be, buying a home can be challenging. But with Rocket Mortgage by Quicken Loans, you can get approved for an FHA loan with a FICO score as low as 580.

Rocket Mortgage’s website also expedites the loan process by allowing you to receive a conditional prequalification in about 10 minutes. And this lender offers more loan options than many of its competitors, and Rocket Mortgage won’t penalize you if you pay off your loan ahead of schedule.

Best marketplace

LendingTree

While other companies on this list are direct lenders, LendingTree is a mortgage marketplace that displays rates from various New Jersey lenders all in one place. This platform allows you to compare several mortgage rates and terms, so you can quickly determine which lenders are best suited for you.

LendingTree can save you a great deal of time — and money — during your search for a mortgage, but there is one significant drawback. By agreeing to use this service, you permit LendingTree to share your contact information. So expect to receive numerous calls and emails from lenders.

Best for low rates

Bank of America

Bank of America has only been around since 1998, but its roots date back to 1904 when it opened as the Bank of Italy in San Francisco. Today, BoA is among the country’s largest financial institutions, and it’s a major player in the US mortgage industry.

Compared to most other mortgage lenders in New Jersey, BoA interest rates tend to be marginally lower. So if your goal is to pay the least amount of interest possible, Bank of America is certainly worth considering.

PNC Bank

Founded in 1845 and headquartered in Pittsburgh, Pennsylvania, PNC Bank is the most popular mortgage lender among New Jerseyans. This institution offers a wide range of mortgage options, and it has more than 300 locations in New Jersey, making it the largest bank in the Garden State.

PNC’s website also has many more features and resources than most other lenders on this list. No matter where you want to live in the state, there’s a good chance some of your future neighbors bought their homes with the help of PNC.

Best for refinancing

AmeriSave

Headquartered in Atlanta, Georgia, AmeriSave mostly focuses on refinancing existing loans rather than processing new mortgages. If your home’s current value is greater than the amount you still owe on the property, AmeriSave can refinance your loan at a reduced interest rate.

This lender also has a polished website and generally positive reviews, which makes it a solid choice for homeowners interested in saving a substantial amount of money over the life of their loan.

Best for first-time homebuyers

Freedom Mortgage

Buying a home in New Jersey can seem like a monumental undertaking if you’ve never purchased a residence before. Fortunately, Freedom Mortgage offers several resources and guides to help first-time buyers understand the entire process. This lender also has a tool that makes it easy to find a local loan officer, plus Freedom Mortgage may still approve you for a loan even if you have a low credit score or a low-to-moderate income level.

Best for customer service

Guaranteed Rate

New Jerseyans love low rates and affordable fees when buying a home, but quality customer service can be even more critical. And when it comes to treating homebuyers right, few lenders can compare to Guaranteed Rate. This lender has a near-perfect score of 4.96 out of 5 based on nearly 11,000 reviews on Zillow.

Customer service isn’t the only area where this lender shines. As its name suggests, Guaranteed Rate also provides some of the Garden State’s most competitive mortgage rates.

Best regional lender

Investors Bank

Founded in 1926 and originally known as the Washington Rock Building & Loan Association, Investors Bank is a full-service, publicly-traded bank headquartered in Short Hills, New Jersey. Today, Investors Bank has 154 branches across New Jersey, Manhattan and Long Island.

Unlike other lenders on this list, Investors Bank owns foreclosed homes it sells directly to the public. This makes Investors Bank one of the few New Jersey mortgage lenders that can help you both find and buy a home in the state.

How do I choose the best lender for me?

There are hundreds of New Jersey mortgage lenders to choose from, and finding the right one can take time. During your search, keep these tips in mind:

  • Read recent customer reviews. If you’re unsure about a specific lender, visit popular review websites to see if recent borrowers have good things to say about their experiences.
  • Gather a few preapprovals. When you have several preapprovals from different lenders, you’ll be in a better position to negotiate a better rate.
  • Never accept the initial offer. There’s almost always a little bit of wiggle room when it comes to home loans, so never accept an offer without trying to talk the loan officer down to a lower rate.
  • Pore over the fine print. Don’t skim any documents during the mortgage process, as lenders often hide hidden fees in the smaller print.

Compare mortgage lenders

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.

1 - 6 of 6
Name Product Loan products offered State availability Min. credit score
Zero Mortgage
(NMLS #7872)
Zero Mortgage
Conventional, Jumbo, Refinance
Not available in: AK, ID, KY, MA, NV, NJ, NY, NC, VT, WA
620
Conventional purchase and refinance mortgages with zero application, underwriting and processing fees, and zero points.
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
Morty
(NMLS #1429243)
Morty
Conventional, Jumbo
Not available in: AZ, HI, MA, MO, NV, UT
620
Preapproval in minutes and closing in as little as 3 weeks with no origination fees.
LendingTree
(NMLS #1136)
LendingTree
HELOC, Home Equity loans
Available in all states
620
Connect with vetted lenders quickly through this free online marketplace.
Veterans United
(NMLS #1907)
Veterans United
Conventional, FHA, VA, USDA, Jumbo, Refinance
Available in all states
620
Veterans United stands out from other lenders for its focus on serving the military community.
Freedom Mortgage
(NMLS #2767)
Freedom Mortgage
Conventional, Jumbo, FHA, VA, USDA, Refinance
Available in all states
620
A lender that excels in FHA and VA loans, offering low down payment options to borrowers.
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Compare up to 4 providers

Average rates and fees in New Jersey

As of October 15, 2020, the average mortgage rate in the US is 2.81%, but it’s currently slightly higher in New Jersey. According to the Consumer Financial Protection Bureau (CFPB), the mortgage rate on 30-year fixed-rate mortgages in New Jersey average 3.00%. And while closing costs in the US typically range between 2% and 5%, closing costs in New Jersey averaged just 1.67% of the sales price according to 2019 data from ClosingCorp.

Continue researching mortgage rates in New Jersey or compare closing costs in New Jersey for more information.

Should I work with a broker?

With the exception of LendingTree’s mortgage marketplace, this list only includes direct lenders in New Jersey because they are the only ones that can approve and finance mortgage loans. If you’d like some help finding the best lender for you, consider working with a mortgage broker.

In general, most mortgage brokers are trustworthy, yet some may charge unnecessary fees you could avoid by working directly with a lender. To find the best broker in your area, compare their rates and check review sites to ensure the brokers provide excellent support.

Bottom line

The best mortgage lenders in New Jersey have a lot to offer, but no two of them are the same. Based on your unique needs, one of them is likely to be an excellent choice for you. Consider what they each have to offer and apply for prequalification today, or continue exploring other home loans.

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