Mortgage Solutions in the State of New Jersey
Our team of local mortgage lenders and home finance experts are ready to help you learn more about purchasing a home in New Jersey. We want to help educate borrowers about the best home loan options and lenders in the Garden State.
In New Jersey, the median home selling price sits at $313,560, which is just a little bit higher than the national median selling price of $232,300.
Some of the most expensive cities in New Jersey to purchase a home in 2018 are Edison, with an average home listing price of $348,200, and Jersey City, with an average home listing price of $332,600. Other popular cities in New Jersey include Newark, with a median home sale price of $209,700, and the capital city of Trenton, with an average home price of $87,400.
At home.loans, we want to help you borrow with confidence when you're ready to settle down in New Jersey. Whether you're a first time home buyer, taking advantage of a short sale, want to get an energy efficient mortgage, or you want to take out an FHA loan or conventional loan, we have the information and experience to guide you on your journey to home ownership and greater financial peace of mind.
Best New Jersey Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best New Jersey Mortgage Refinance Lender: AnnieMac Home Mortgage
While headquartered in Mount Laurel, N.J., AnnieMac Home Mortgage provides FHA, VA, Fannie Mae, and Freddie Mac loans throughout the nation. AnnieMac Home Mortgage is a mid-sized lender, with around 200 direct employees, but over 1,000 affiliate workers around the U.S. And, while AnnieMac Home Mortgage is relatively new, having been founded only in 2010, it has one of the highest ratings on Zillow, which could make it an attractive choice for homeowners looking for great refinancing opportunities.
The loan officers of AnnieMac are quite knowledgeable, and are incredibly committed to keeping an open line of communication throughout the refinance process. Previous customers nationwide tend to agree that their customer service was amazing, and that the mortgage process was seamless and easy.
Best New Jersey FHA Mortgage Lender: Quicken Loans
If you’ve looked at any other of our top FHA lender lists, you shouldn’t be surprised to find Quicken Loans. Quicken Loans is now the biggest home finance lender in the U.S.-- and with its high volume of business comes ultra-low rates and a highly streamlined online application process. In fact, many believe that Quicken Loans has the easiest mortgage application on the internet, as it allows potential borrowers to upload all their important documentation with just a few clicks.
While Quicken Loans may be an emerging mortgage behemoth, it’s not the right choice for everyone. If you’re a more traditional type of borrower, or you have a lot of concerns about getting a mortgage, you might want to choose a lender with more local offices. That way, you can meet and speak with a mortgage broker in person-- face-to-face, which is something you usually can’t do if you’re getting a loan from Quicken. Despite that, the company is known for its responsive employees-- so if you’re alright with communicating digitally or over the phone, you might not mind the lack of in-person interaction.
Best New Jersey VA Mortgage Lender: Caliber Home Loans
A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top mortgage lenders in the region approved to originate VA mortgages.
The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Getting a VA loan can be particularly stressful, but the loan officers at Caliber are well known for keeping their borrowers informed and making sure home buyers never miss a beat during the mortgage transaction.
Home buyers can count on concise, and rapid responses to any questions that may come up during the mortgage process. With their new app, the mortgage preapproval and application process has been made even easier! A stunning dedication to providing home buyers with mortgage loans that are affordable and align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.
Best New Jersey Home Equity Lender: PNC Bank
A popular player in the mortgage industry that plays a large role in home equity financing is PNC Bank. It is one of the largest banking institutions in the country, servicing 19 states as well as the District of Columbia.
PNC bank not only offers home equity loans and HELOCs, but also their home equity rapid refinance loan, which essentially acts as a more streamlined and flexible approach to a cash-out refinance. PNC bank offers a plethora of draw methods on its popular HELOC product, and originates its home equity options at an incredible 89.9% LTV.
PNC’s online platform makes securely uploading important financial documentation requested for a loan approval fast and easy. PNC bank excels in providing an excellent customer experience both online and face-to-face. It is one of the few major lenders with an online platform as robust as the online-only options.
Shop Around Before You Get a New Jersey Home Loan
Our picks for the best mortgage lenders in New Jersey may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!