New Jersey Mortgage Rates

April 21, 2015 10:40 AM Eastern

Refinance rates now in NEWARK, NJ [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30YearFixed Rates as low as

Interest Rate
3.250%
APR
3.449%
Monthly Payment
$870
Total Mortgage Services
Interest Rate
3.250%
APR
3.449%
Monthly Payment
$870
(844) 334-6186 Contact
Total Mortgage Services
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $870
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $870
Lender Fees $4,928
Lender Credit $666
Total Closing Fees* $4,262
*Other 3rd party fees may apply
Total Mortgage Services
Email Lender

About the Lender

Since 1997, Total Mortgage Services has been committed to making mortgages easier.  We combine the personal service and integrity of a local lender with the same low rates and wide variety of programs that you would expect from a big bank.  Total Mortgage is licensed in 32 states plus Washington, DC, and offers conventional, adjustable, jumbo, FHA, FHA 203K, USDA, condo, and co-op mortgages, among others.  We’re a Fannie Mae and Freddie Mac Seller/Servicer, as well as a Ginnie Mae Issuer, we have access to some of the best rates and programs in the country.  Because we are smaller and more nimble than the big banks, we’re able to close most of our loans in 30 days or less.  We’re experts in mortgages because mortgages are all we do.

 

Total Mortgage believes strongly in responsible lending.  We want to help you attain financing that you can afford – today, tomorrow, and over the life of the loan.  We understand that you’re not just looking for a home, but a trusted financial partner to help you realize your dream of homeownership.  Total Mortgage believes you deserve a loan that is as individual as you are.

 

With an A+ rating from the Better Business Bureau and a customer service satisfaction rate over 95%, we stand firmly behind our product and service and feel confident that if you use us for your home loan, you will recommend us to your friends and family.  This dedication allowed us to be named to the Inc 5000 list of America’s fastest growing companies for four consecutive years.  We want the opportunity to earn your business, we want to be your lender for life.

Total Mortgage Services
Email Lender Write a Review

Lender Reviews

Total Mortgage Services

Yes, I recommend this lender

I have done over 10 loans with Total Mortgage and have referred all my family and friends. They do everything under one roof, processing, Underwriting and their closing department is all in one building! This made all my transactions flawless. If I could give them a 1000 start rating I would. Tremendous tremendous company!

By: Jason (New Jersey)
See All Reviews
Sebonic Financial
Interest Rate
3.375%
APR
3.496%
Monthly Payment
$885
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $885
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $885
Lender Fees $2,986
Lender Credit $0
Total Closing Fees* $2,986
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Lender Hung Up On Me!!

I spoke to a lender about getting a quote and told him specifically not to pull my credit score. He told me I was wasting his time and then proceeded to hang up on me. Horrible service and they should realize when shopping for a mortgage a person does not want to pull many hard inquiries.

By: Carlos (Charlotte, NC)

Low Rates, but Not Worth It

I have done two refinance with this company (Sebonic/Cardinal) and I have had two different completely different experience with them. I have come to realize that if there is any work required on their part, their process will be horrific. One refinance I had was should have closed very quickly because there were no issues whatsoever. I submitted all the documents they asked for in a timely manner, but it still took 45 days to close. After you first deal with a Sebonic rep, you are then handed off to a Cardinal rep (who knows nothing about mortgages - he's just a middle person between you and the underwriter). Jason Freedman of NC handled all the correspondence and it was poor at best. Luckily, there were no surprises with this loan, so I was still able to close, even though it was late. They even tried to charge me for closing on the loan late, which was their fault, but they waived the fees (only after I asked them ton - twice). My second refinance was horrible! After I spent $500 on an appraisal, they came back and said that they were not able to verify that the commercial space of the condo building was less than 25% (requirement of the loan). After I spent some time with the property manager to verify the facts, Cardinal Financial (Jason Freeman of NC) realized that the loan wasn't going to close, and he never gave me a response as to the status of my loan. I called and left him 5+ messages asking him to call me back, but I never once received a phonecall back. I finally received one phonetical back from the Sebonic rep, Artie Melchionda, saying that he will check the status and I never heard from him either. They leave you hanging high and dry if there is any sign of a problem. When things look good, you will eventually close on the loan (even after they try to charge you for being late when it's their fault). But when there is one problem, you are on your own to figure it out, even after you spent the money. I gave them one extra star for actually closing on my one loan, but I would not go with them again, even if they are offering slightly lower rates. Most companies will match other company's rates, so that is the only reason I would call Sebonic.

By: rubyred (Fairfax, VA)

Excellent loan service

Yes, I recommend this lender

Sebonic Financial has done a great job for my new home loan recently. From the loan application/origination, processing, and closing, the lender, especially loan officer, Amanda Bruce, and loan processor, Michelle Cooper, worked so hard on my loan. The rate was lower that other lenders, and the closing cost was very low. The Amanda worked in the evening and the night to have my loan application, my loan pre-approval, and get my loan rate locked with so communications with me over phone and email. Michelle worked so hard with getting required documents for my loan processing. She was so patient and waited for my documents, and she answered so many questions of mine over phone and email. Also, the customer service was great and they helped me about my questions and directed my calls to right persons. And their portal was a great tool for document reviews, uploading, faxing, and other communications.

By: Jinnnn (Maple Grove, MN)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
Interest Rate
3.375%
APR
3.486%
Monthly Payment
$885
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $885
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $885
Lender Fees $2,750
Lender Credit $0
Total Closing Fees* $2,750
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews

15 Year Fixed Rates as low as

Interest Rate
2.625%
APR
2.812%
Monthly Payment
$1,346
eRates Mortgage
Interest Rate
2.625%
APR
2.812%
Monthly Payment
$1,346
(844) 334-6118 Contact
eRates Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,346
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,346
Lender Fees $2,600
Lender Credit $0
Total Closing Fees* $2,600
*Other 3rd party fees may apply
eRates Mortgage
Email Lender

About the Lender

eRates Mortgage is a Direct Lender that has been delivering superior rates and exceptional customer services for over twenty years.  We have simplified mortgage shopping to make the process easy, transparent and hassle free.  By operating completely online, we pass our cost savings on to you, the consumer.  Contact us today for your free, no obligation rate quote.
eRates Mortgage
Email Lender Write a Review

Lender Reviews

sales men

No broker just looking to sell credit repair. Never ending sales call, even after being told to remove me from call list.

By: beware (Charleston, sc)

Awesome

Yes, I recommend this lender

I just closed on a refinance of my house. I found eRates online and they had great rates and reviews so I figured it couldn't hurt to get some info. I sumbmitted my info and got a call within two minutes on a Saturday afternoon! I saved $300 per month on my loan and literally closed at my kitchen table. Great job!

By: Fedsavings911bad (Huntington Beach, CA)

Great Experience

Yes, I recommend this lender

My loan officer, Abe Davis was the only person out of the three lenders i checked with that sent me something to actually review all my options prior to making any kind of decision. He and our Processor, Rene Gray, were professional and courteous and patient. I would definitely recommend them and would not hesitate to use them in the future if the need arises.

By: Patti (Texas)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
Interest Rate
2.750%
APR
2.840%
Monthly Payment
$1,358
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,358
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,358
Lender Fees $1,250
Lender Credit $0
Total Closing Fees* $1,250
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews
Sebonic Financial
Interest Rate
2.750%
APR
2.940%
Monthly Payment
$1,358
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,358
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,358
Lender Fees $2,634
Lender Credit $0
Total Closing Fees* $2,634
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Lender Hung Up On Me!!

I spoke to a lender about getting a quote and told him specifically not to pull my credit score. He told me I was wasting his time and then proceeded to hang up on me. Horrible service and they should realize when shopping for a mortgage a person does not want to pull many hard inquiries.

By: Carlos (Charlotte, NC)

Low Rates, but Not Worth It

I have done two refinance with this company (Sebonic/Cardinal) and I have had two different completely different experience with them. I have come to realize that if there is any work required on their part, their process will be horrific. One refinance I had was should have closed very quickly because there were no issues whatsoever. I submitted all the documents they asked for in a timely manner, but it still took 45 days to close. After you first deal with a Sebonic rep, you are then handed off to a Cardinal rep (who knows nothing about mortgages - he's just a middle person between you and the underwriter). Jason Freedman of NC handled all the correspondence and it was poor at best. Luckily, there were no surprises with this loan, so I was still able to close, even though it was late. They even tried to charge me for closing on the loan late, which was their fault, but they waived the fees (only after I asked them ton - twice). My second refinance was horrible! After I spent $500 on an appraisal, they came back and said that they were not able to verify that the commercial space of the condo building was less than 25% (requirement of the loan). After I spent some time with the property manager to verify the facts, Cardinal Financial (Jason Freeman of NC) realized that the loan wasn't going to close, and he never gave me a response as to the status of my loan. I called and left him 5+ messages asking him to call me back, but I never once received a phonecall back. I finally received one phonetical back from the Sebonic rep, Artie Melchionda, saying that he will check the status and I never heard from him either. They leave you hanging high and dry if there is any sign of a problem. When things look good, you will eventually close on the loan (even after they try to charge you for being late when it's their fault). But when there is one problem, you are on your own to figure it out, even after you spent the money. I gave them one extra star for actually closing on my one loan, but I would not go with them again, even if they are offering slightly lower rates. Most companies will match other company's rates, so that is the only reason I would call Sebonic.

By: rubyred (Fairfax, VA)

Excellent loan service

Yes, I recommend this lender

Sebonic Financial has done a great job for my new home loan recently. From the loan application/origination, processing, and closing, the lender, especially loan officer, Amanda Bruce, and loan processor, Michelle Cooper, worked so hard on my loan. The rate was lower that other lenders, and the closing cost was very low. The Amanda worked in the evening and the night to have my loan application, my loan pre-approval, and get my loan rate locked with so communications with me over phone and email. Michelle worked so hard with getting required documents for my loan processing. She was so patient and waited for my documents, and she answered so many questions of mine over phone and email. Also, the customer service was great and they helped me about my questions and directed my calls to right persons. And their portal was a great tool for document reviews, uploading, faxing, and other communications.

By: Jinnnn (Maple Grove, MN)
See All Reviews

5 Year ARM Rates as low as

Interest Rate
2.375%
APR
2.885%
Monthly Payment
$778
Sebonic Financial
Interest Rate
2.375%
APR
2.885%
Monthly Payment
$778
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $778
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $778
Lender Fees $2,856
Lender Credit $0
Total Closing Fees* $2,856
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Lender Hung Up On Me!!

I spoke to a lender about getting a quote and told him specifically not to pull my credit score. He told me I was wasting his time and then proceeded to hang up on me. Horrible service and they should realize when shopping for a mortgage a person does not want to pull many hard inquiries.

By: Carlos (Charlotte, NC)

Low Rates, but Not Worth It

I have done two refinance with this company (Sebonic/Cardinal) and I have had two different completely different experience with them. I have come to realize that if there is any work required on their part, their process will be horrific. One refinance I had was should have closed very quickly because there were no issues whatsoever. I submitted all the documents they asked for in a timely manner, but it still took 45 days to close. After you first deal with a Sebonic rep, you are then handed off to a Cardinal rep (who knows nothing about mortgages - he's just a middle person between you and the underwriter). Jason Freedman of NC handled all the correspondence and it was poor at best. Luckily, there were no surprises with this loan, so I was still able to close, even though it was late. They even tried to charge me for closing on the loan late, which was their fault, but they waived the fees (only after I asked them ton - twice). My second refinance was horrible! After I spent $500 on an appraisal, they came back and said that they were not able to verify that the commercial space of the condo building was less than 25% (requirement of the loan). After I spent some time with the property manager to verify the facts, Cardinal Financial (Jason Freeman of NC) realized that the loan wasn't going to close, and he never gave me a response as to the status of my loan. I called and left him 5+ messages asking him to call me back, but I never once received a phonecall back. I finally received one phonetical back from the Sebonic rep, Artie Melchionda, saying that he will check the status and I never heard from him either. They leave you hanging high and dry if there is any sign of a problem. When things look good, you will eventually close on the loan (even after they try to charge you for being late when it's their fault). But when there is one problem, you are on your own to figure it out, even after you spent the money. I gave them one extra star for actually closing on my one loan, but I would not go with them again, even if they are offering slightly lower rates. Most companies will match other company's rates, so that is the only reason I would call Sebonic.

By: rubyred (Fairfax, VA)

Excellent loan service

Yes, I recommend this lender

Sebonic Financial has done a great job for my new home loan recently. From the loan application/origination, processing, and closing, the lender, especially loan officer, Amanda Bruce, and loan processor, Michelle Cooper, worked so hard on my loan. The rate was lower that other lenders, and the closing cost was very low. The Amanda worked in the evening and the night to have my loan application, my loan pre-approval, and get my loan rate locked with so communications with me over phone and email. Michelle worked so hard with getting required documents for my loan processing. She was so patient and waited for my documents, and she answered so many questions of mine over phone and email. Also, the customer service was great and they helped me about my questions and directed my calls to right persons. And their portal was a great tool for document reviews, uploading, faxing, and other communications.

By: Jinnnn (Maple Grove, MN)
See All Reviews
Total Mortgage Services
Interest Rate
2.500%
APR
2.908%
Monthly Payment
$790
(844) 334-6186 Contact
Total Mortgage Services
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $790
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $790
Lender Fees $3,034
Lender Credit $560
Total Closing Fees* $2,474
*Other 3rd party fees may apply
Total Mortgage Services
Email Lender

About the Lender

Since 1997, Total Mortgage Services has been committed to making mortgages easier.  We combine the personal service and integrity of a local lender with the same low rates and wide variety of programs that you would expect from a big bank.  Total Mortgage is licensed in 32 states plus Washington, DC, and offers conventional, adjustable, jumbo, FHA, FHA 203K, USDA, condo, and co-op mortgages, among others.  We’re a Fannie Mae and Freddie Mac Seller/Servicer, as well as a Ginnie Mae Issuer, we have access to some of the best rates and programs in the country.  Because we are smaller and more nimble than the big banks, we’re able to close most of our loans in 30 days or less.  We’re experts in mortgages because mortgages are all we do.

 

Total Mortgage believes strongly in responsible lending.  We want to help you attain financing that you can afford – today, tomorrow, and over the life of the loan.  We understand that you’re not just looking for a home, but a trusted financial partner to help you realize your dream of homeownership.  Total Mortgage believes you deserve a loan that is as individual as you are.

 

With an A+ rating from the Better Business Bureau and a customer service satisfaction rate over 95%, we stand firmly behind our product and service and feel confident that if you use us for your home loan, you will recommend us to your friends and family.  This dedication allowed us to be named to the Inc 5000 list of America’s fastest growing companies for four consecutive years.  We want the opportunity to earn your business, we want to be your lender for life.

Total Mortgage Services
Email Lender Write a Review

Lender Reviews

Total Mortgage Services

Yes, I recommend this lender

I have done over 10 loans with Total Mortgage and have referred all my family and friends. They do everything under one roof, processing, Underwriting and their closing department is all in one building! This made all my transactions flawless. If I could give them a 1000 start rating I would. Tremendous tremendous company!

By: Jason (New Jersey)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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New Jersey Mortgage Rates: Getting a Deal Buying a Home
Nearly nine million people already call the Garden State home, many of them commuting to nearby New York City on a daily basis via easily-accessible and frequent public transportation. Whether you're looking for the bustle of Trenton or Atlantic City, or you prefer something more rural, you can find it in New Jersey, and low NJ mortgage interest rates can help make it happen.

Mortgage Rates from New Jersey's Live Where You Work Program
It's possible to get great New Jersey mortgage interest rates via the Live Where You Work Program, a housing assistance program that offers incentives for New Jersey residents to purchase homes in the towns where they work.  The Live Where You Work Program is designed to:

• build strong communities
• help locals cut down on commuting costs
• help people become homeowners in New Jersey

This program offers attractively low NJ mortgage interest rates and flexible loan application reviews.

Current NJ Mortgage Interest Rates and Your Budget
If you have less-than-perfect credit, or little money for a down payment, you can still get current NJ mortgage rates that fit your budget.

Several New Jersey-based programs help potential homeowners to secure low NJ mortgage rates and finance their home purchases. These programs include:

• Smart Start: This program helps first-time homebuyers in eligible areas with down payment and closing costs of a low percentage of their mortgage price.

• The Home Plus Program: For those who meet income guidelines, this program offers a fixed interest rate and up to a certain amount of financing rolled into their first mortgage for homes that need immediate improvement.

New Jersey's Police and Fireman's Retirement System Mortgage Program
This program helps qualified, retired police and firefighters finance home purchases in New Jersey. Mortgage interest rates through this program are competitively low, and fixed for 30 years. To learn more about this program, including current limits and rates, please visit: http://www.nj.gov/dca/hmfa/consu/buyers/ownprg/police.html.