New Jersey Mortgage Lenders and Rates (NJ)

Everyone should be aware that finding the right mortgage and rate in New Jersey can save thousands of dollars. was created with that goal in mind. If you are looking for Lenders, Mortgage Rates, or Mortgage Brokers – we’ve got it. When you fill out our mortgage quote form, you’ll get offers from 2-4 different lenders, so they’ll be competing for your loan, saving you money.

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Featured Mortgage Lenders in New Jersey

New Jersey Mortgage Quick Facts

New Jersey State Population: 8,414,350*
Median New Jersey Home Price: $170,800* 
Total New Jersey Housing Units: 
House Ownership Rate in New Jersey
: 65.6%*

Types of Mortgage Loans Available in New Jersey

Fixed Rate Mortgage Loan
• 10 year
• 15 year
• 20 year
• 25 year
• 30 year
• 40 year

Adjustable Rate Mortgage Loan.
• 1/1 Arm
• 2/1 Arm
• 3/1 Arm
• 5/1 Arm
• 7/1 Arm
• 10/1 Arm

Interest only Mortgage loans
• 15/30 Year
• 10/30 Year
• 10 Year
• 7 Year
• 5 Year
• 3 Year
• 6 Month

How Your Credit Score Affects Your Mortgage Rate

Initially you’ll need to know what your current credit score is. You should compare that against the average New Jersey consumer credit score which is 691. And the national average credit score is 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, and your credit score is very important.

New Jersey Mortgage State Laws:

Only in New Jersey

New Jersey has a website dedicated to informing consumers about predatory lending. It can be found at

The New Jersey Homeowners Security Act

Prohibits increase of interest rate after default, encouraging default, charging late fees of more that five percent of the amount due, and charging a fee for loan modification.


Judicial Foreclosure is the only foreclosure procedure available. The court will offer the borrower a specified amount of time to pay money owed. If the borrower does not pay within that time frame, the court sells the property. The foreclosure must be advertised in the county office, on the property to be foreclosed, and in two newspapers in the county. The borrower must know of the foreclosure sale ten days before the sale date.

Right of redemption is allowed for ten days after the sale.

Deficiency judgment is allowed.

NJ Mortgage Fraud Office
White Collar Crime Supervisor
1 Gateway Center
Newark, NJ 07102-9889
Phone: (973) 792-3000

New Jersey Counties:

Atlantic County, Bergen County, Burlington County, Camden County, Cape May County, Cumberland County, Essex County, Gloucester County, Hudson County, Hunterdon County, Mercer County, Middlesex County, Monmouth County, Morris County, Ocean County, Passaic County, Salem County, Somerset County, Sussex County, Union County, Warren County

-US Census


This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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