Nj Lenders Corp. Mortgage Rates, Fees & Info
LITTLE FALLS, NJLEI: 549300JZD4L02YZI3Z50
Tax ID: 22-3157857
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Mortgage Data
Review & Overview
Nj Lenders Corp. is a small mortgage company specializing in Home Purchase loans. Nj Lenders Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Tampa, Trenton, and Miami among others. We have data for 94 markets. (Some data included below & more in-depth data is available with an active subscription.)Nj Lenders Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nj Lenders Corp. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.74% | 4/5/25 |
| 30 Year Conventional Refi | 6.62% | 4/5/25 |
| 30 Year Cash-out Refi | 6.84% | 4/5/25 |
| 30 Year FHA Purchase | 7.19% | 4/5/25 |
| 30 Year FHA Refi | 7.05% | 4/5/25 |
| 30 Year VA Purchase | 6.36% | 4/5/25 |
| 30 Year VA Refi | 6.02% | 4/5/25 |
| 30 Year USDA Purchase | 6.65% | 4/5/25 |
| 15 Year Conventional Purchase | 5.90% | 4/5/25 |
| 15 Year Conventional Refi | 5.65% | 4/5/25 |
| 15 Year Cash-out Refi | 5.65% | 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. | ||
Nj Lenders Corp. Mortgage Calculator
Your Estimates
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This is not an official calculator from Nj Lenders Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,076Origination Dollar Volume (All Markets)
$1,494,810,000Awards
NJ LENDERS CORP. - 2024
NJ LENDERS CORP. is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Nj Lenders Corp.'s average 30 year fixed mortgage rate was
6.57%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
Nj Lenders Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $8,068.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2,345 | $1,213,535,000 | $517,499 | $7,610 | 6.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 195 | $73,965,000 | $379,308 | $11,086 | 6.65% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 90 | $31,490,000 | $349,889 | $12,529 | 6.36% |
| Outside of Metro Areas | 34 | $15,800,000 | $464,706 | $7,497 | 6.51% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 32 | $13,540,000 | $423,125 | $7,783 | 6.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 30 | $12,850,000 | $428,333 | $8,891 | 6.64% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 27 | $11,095,000 | $410,926 | $8,903 | 6.66% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 34 | $10,390,000 | $305,588 | $8,247 | 6.67% |
| ROME, GA (FHA|USDA|VA) | 27 | $7,875,000 | $291,667 | $8,781 | 6.27% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $6,840,000 | $427,500 | $11,016 | 6.16% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $5,505,000 | $1,101,000 | $8,315 | 6.85% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 6 | $5,130,000 | $855,000 | $10,014 | 6.69% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $5,050,000 | $631,250 | $6,891 | 6.78% |
| Calhoun, GA (FHA|USDA|VA) | 20 | $4,710,000 | $235,500 | $8,961 | 6.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $4,505,000 | $500,556 | $13,028 | 6.51% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $4,425,000 | $402,273 | $9,298 | 6.68% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $4,125,000 | $825,000 | $8,480 | 7.02% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 13 | $3,715,000 | $285,769 | $8,635 | 6.99% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 6 | $3,000,000 | $500,000 | $5,365 | 6.94% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $2,520,000 | $420,000 | $8,531 | 6.79% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $6,783 | 7.88% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $4,819 | 6.72% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $5,099 | 6.84% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $5,495 | 6.96% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $7,889 | 6.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $7,000 | 6.84% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $13,247 | 6.33% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $6,427 | 6.59% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $4,678 | 6.84% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $4,613 | 6.62% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $6,687 | 6.44% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $10,987 | 6.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $11,530 | 7.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $4,391 | 6.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $11,149 | 6.38% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $7,672 | 6.56% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $10,200 | 6.69% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $5,484 | 7.03% |
| READING, PA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $12,429 | 6.87% |
| DALTON, GA (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $9,133 | 6.47% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $10,968 | 6.58% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $7,032 | 6.72% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $5,281 | 6.97% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $10,831 | 6.94% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $8,166 | 6.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $3,514 | 6.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,645 | 5.75% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,121 | 6.66% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,160 | 6.91% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $6,174 | 6.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,557 | 7.08% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $5,596 | 6.43% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $3,312 | 5.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,343 | 6.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,658 | 6.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,353 | 6.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $10,732 | 7.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,512 | 6.49% |
| OCALA, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $11,693 | 5.94% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $23,375 | 6.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,230 | 6.56% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,498 | 6.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,571 | 7.13% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,767 | 7.50% |
| Malone, NY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,798 | 6.62% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,068 | 6.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,925 | 6.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,903 | 6.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,815 | 6.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,647 | 6.43% |
| DOVER, DE (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,947 | 5.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,531 | 5.88% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,275 | 6.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,161 | 7.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,780 | 5.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,826 | 5.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,361 | 7.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,562 | 6.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,904 | 5.63% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,672 | 6.50% |
| Newberry, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,782 | 6.99% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,531 | 6.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,953 | 6.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,991 | 7.50% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,766 | 6.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,160 | 6.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,861 | 6.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,810 | 6.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,481 | 6.88% |
| Crossville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,440 | 6.38% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,409 | 6.63% |
| Summerville, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,844 | 5.50% |
| Corning, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,690 | 5.99% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,449 | 7.63% |
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Product Mix
For 2024, Nj Lenders Corp.'s most frequently originated type of loan was Conventional, with 2,644 originations. Their 2nd most popular type was FHA, with 361 originations.
Loan Reason
For 2024, Nj Lenders Corp.'s most frequently cited loan purpose was Home Purchase, with 2,722 originations. The 2nd most popular reason was Cash Out Refi, with 197 originations.
Loan Duration/Length
For 2024, Nj Lenders Corp.'s most frequently cited loan duration was 30 Year, with 3,013 originations. The 2nd most popular length was 15 Year, with 46 originations.
Origination Fees/Closing Costs
Nj Lenders Corp.'s average total fees were $8,068, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,048 originations.
Interest Rates
During 2024, Nj Lenders Corp.'s average interest rate for loans was 6.57%, while their most frequently originated rate bucket for loans was 6-7%, with 2,044 originations.
Loan Sizing
2024 saw Nj Lenders Corp. place emphasis on $200k-400k loans with 1,022 originations, totaling $313,200,000 in origination value.
Applicant Income
Nj Lenders Corp. lent most frequently to those with incomes in the $150k-250k range, with 977 originations. The second most popular income band? $100k-150k, with 808 originations.
Applicant Debt to Income Ratio
Nj Lenders Corp. lent most frequently to those with DTI ratios of 30-36%, with 522 originations. The next most common DTI ratio? 20-30%, with 432 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.93%
Nj Lenders Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.15%
Nj Lenders Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,076 | $1,494,810,000 | $485,959 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,076 | $1,494,810,000 | $485,959 |