South Jersey Mortgage Rates, Fees & Info
Deptford, NJLEI: 5493002P6EVQ94HFYF14
Tax ID: 21-0641594
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
South Jersey is a smaller mortgage company specializing in Home Improvement and Other loans. South Jersey has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Atlantic City, Vineland, New York, and Ocean City among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)South Jersey has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 15 Year Conventional Refi | 8.70% | 4/5/25 |
| 15 Year Cash-out Refi | 8.70% | 4/5/25 |
| 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. | ||
South Jersey Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from South Jersey. 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
406Origination Dollar Volume (All Markets)
$27,100,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 296 | $19,860,000 | $67,095 | $174 | 7.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 61 | $3,495,000 | $57,295 | $120 | 7.77% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 22 | $1,920,000 | $87,273 | $267 | 7.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $890,000 | $111,250 | $462 | 7.55% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 10 | $550,000 | $55,000 | $62 | 7.69% |
| Outside of Metro Areas | 3 | $165,000 | $55,000 | $64 | 8.58% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $71 | 7.24% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $86 | 6.99% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $66 | 6.49% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against SOUTH JERSEY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 32
Similarity Rank: 82
Similarity Rank: 255
Similarity Rank: 320
Similarity Rank: 429
Similarity Rank: 455
Similarity Rank: 481
Similarity Rank: 782
Similarity Rank: 825
Similarity Rank: 920
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 303 | $18,935,000 | $62,492 | $172 | 7.45% |
| HELOC | 103 | $8,165,000 | $79,272 | n/a | 8.59% |
For 2024, South Jersey's most frequently originated type of loan was Conventional, with 303 originations. Their 2nd most popular type was HELOC, with 103 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 194 | $13,590,000 | $70,052 | $217 | 7.70% |
| Other | 182 | $11,270,000 | $61,923 | $105 | 7.78% |
| Refi | 30 | $2,240,000 | $74,667 | $340 | 7.75% |
For 2024, South Jersey's most frequently cited loan purpose was Home Improvement, with 194 originations. The 2nd most popular reason was Other, with 182 originations.
Loan Duration/Length
For 2024, South Jersey's most frequently cited loan duration was 10 Year, with 114 originations. The 2nd most popular length was 20 Year, with 103 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 303 | $18,935,000 | $62,492 |
South Jersey's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 303 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 166 | $11,700,000 | $70,482 |
| Over 8% | 113 | $8,015,000 | $70,929 |
| 6-7% | 100 | $6,540,000 | $65,400 |
| 5-6% | 27 | $845,000 | $31,296 |
During 2024, South Jersey's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 166 originations.
Loan Sizing
2024 saw South Jersey place emphasis on $100,000 or less loans with 321 originations, totaling $16,295,000 in origination value.
Applicant Income
South Jersey lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $75k-100k, with 86 originations.
Applicant Debt to Income Ratio
South Jersey lent most frequently to those with DTI ratios of 50-60%, with 109 originations. The next most common DTI ratio? 30-36%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.46%
South Jersey has a below average approval rate.
Pick Rate
Approvals leading to origination39.66%
South Jersey 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 | 406 | $27,100,000 | $66,749 |