Nj Lenders Corp. Mortgage Rates, Fees & Info
LITTLE FALLS, NJLEI: 549300JZD4L02YZI3Z50
Tax ID: 22-3157857
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Nj Lenders Corp. is a mid-sized mortgage company specializing in Refi and 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Philadelphia, Boston, Trenton, and Tampa among others. We have data for 92 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.31% | 12/16/24 |
| 30 Year Conventional Refi | 6.49% | 12/16/24 |
| 30 Year Cash-out Refi | 6.64% | 12/16/24 |
| 30 Year FHA Purchase | 7.18% | 12/16/24 |
| 30 Year FHA Refi | 6.62% | 12/16/24 |
| 30 Year VA Purchase | 6.16% | 12/16/24 |
| 30 Year VA Refi | 5.94% | 12/16/24 |
| 30 Year USDA Purchase | 6.44% | 12/16/24 |
| 30 Year USDA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.79% | 12/16/24 |
| 15 Year Conventional Refi | 5.88% | 12/16/24 |
| 15 Year Cash-out Refi | 5.88% | 12/16/24 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Nj Lenders Corp.. 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
13,461Origination Dollar Volume (All Markets)
$5,436,345,000Awards
NJ LENDERS CORP. - 2021
NJ LENDERS CORP. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for NJ LENDERS CORP.?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 11,504 | $4,737,390,000 | $411,804 | $5,050 | 2.81% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 456 | $146,700,000 | $321,711 | $4,931 | 2.84% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 236 | $131,850,000 | $558,686 | $3,451 | 2.85% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 203 | $77,725,000 | $382,882 | $4,121 | 2.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 183 | $51,095,000 | $279,208 | $5,664 | 2.98% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 160 | $42,950,000 | $268,438 | $4,885 | 2.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 90 | $37,900,000 | $421,111 | $5,150 | 2.82% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 37 | $21,005,000 | $567,703 | $5,341 | 2.85% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 58 | $17,430,000 | $300,517 | $5,415 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 26 | $10,960,000 | $421,538 | $4,652 | 2.82% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 25 | $9,715,000 | $388,600 | $3,619 | 2.93% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 21 | $9,495,000 | $452,143 | $5,269 | 2.76% |
| Outside of Metro Areas | 32 | $9,140,000 | $285,625 | $4,724 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 28 | $8,380,000 | $299,286 | $5,090 | 2.98% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $7,025,000 | $468,333 | $4,466 | 2.81% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 15 | $6,685,000 | $445,667 | $3,864 | 2.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 21 | $6,345,000 | $302,143 | $5,024 | 2.93% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 23 | $5,835,000 | $253,696 | $4,404 | 2.91% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 17 | $5,625,000 | $330,882 | $4,402 | 2.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 17 | $5,535,000 | $325,588 | $4,723 | 2.74% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 23 | $5,415,000 | $235,435 | $5,931 | 2.95% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $5,260,000 | $526,000 | $4,068 | 2.80% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 18 | $5,240,000 | $291,111 | $3,485 | 2.83% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 15 | $4,645,000 | $309,667 | $4,114 | 3.02% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $3,865,000 | $297,308 | $4,849 | 3.07% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 11 | $3,375,000 | $306,818 | $5,592 | 3.02% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 8 | $3,260,000 | $407,500 | $2,923 | 2.58% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,215,000 | $357,222 | $3,397 | 2.83% |
| PITTSBURGH, PA (FHA|USDA|VA) | 10 | $3,150,000 | $315,000 | $4,860 | 2.79% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 5 | $2,765,000 | $553,000 | $7,141 | 2.90% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 10 | $2,590,000 | $259,000 | $3,990 | 3.12% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $2,480,000 | $310,000 | $5,113 | 2.84% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $2,992 | 2.77% |
| LANCASTER, PA (FHA|USDA|VA) | 11 | $2,295,000 | $208,636 | $5,350 | 3.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $2,275,000 | $252,778 | $3,665 | 2.82% |
| KINGSTON, NY (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $5,287 | 2.95% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $4,735 | 2.64% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $6,017 | 3.33% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,945,000 | $648,333 | $11,007 | 2.83% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,870,000 | $467,500 | $4,039 | 3.09% |
| READING, PA (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $4,847 | 2.84% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $3,561 | 2.90% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $4,549 | 2.90% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $2,719 | 2.47% |
| Torrington, CT (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $4,143 | 2.97% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $3,110 | 3.13% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $5,178 | 2.91% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $3,896 | 3.09% |
| DALTON, GA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $3,590 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $9,057 | 3.13% |
| Hudson, NY (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,511 | 3.13% |
| Key West, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,755 | 2.69% |
| GLENS FALLS, NY (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,249 | 2.94% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,279 | 2.94% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,344 | 2.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,085 | 2.87% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,671 | 2.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,300 | 2.56% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,390 | 2.99% |
| Easton, MD (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,734 | 2.63% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,908 | 2.81% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,419 | 3.38% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,751 | 3.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,829 | 3.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $4,155 | 3.08% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,159 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,348 | 3.06% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,884 | 3.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,497 | 3.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,500 | 3.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,544 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,005 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,094 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,710 | 3.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,523 | 3.25% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,551 | 3.19% |
| Malone, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,793 | 2.25% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,451 | 2.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,083 | 2.88% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,415 | 2.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,342 | 3.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,437 | 4.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,592 | 3.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,820 | 3.88% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,230 | 3.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,727 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,006 | 3.13% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,517 | 3.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,014 | 3.38% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,725 | 3.63% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,420 | 2.63% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,851 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against NJ LENDERS CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 87
Similarity Rank: 102
Similarity Rank: 156
Similarity Rank: 167
Similarity Rank: 270
Similarity Rank: 352
Similarity Rank: 376
Similarity Rank: 396
Similarity Rank: 405
Similarity Rank: 410
Product Mix
For 2021, Nj Lenders Corp.'s most frequently originated type of loan was Conventional, with 12,514 originations. Their 2nd most popular type was FHA, with 778 originations.
Loan Reason
For 2021, Nj Lenders Corp.'s most frequently cited loan purpose was Refi, with 7,520 originations. The 2nd most popular reason was Home Purchase, with 5,875 originations.
Loan Duration/Length
For 2021, Nj Lenders Corp.'s most frequently cited loan duration was 30 Year, with 10,559 originations. The 2nd most popular length was 15 Year, with 1,660 originations.
Origination Fees/Closing Costs
Nj Lenders Corp.'s average total fees were $5,347, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,277 originations.
Interest Rates
During 2021, Nj Lenders Corp.'s average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6,977 originations.
Loan Sizing
2021 saw Nj Lenders Corp. place emphasis on $200k-400k loans with 6,303 originations, totaling $1,925,445,000 in origination value.
Applicant Income
Nj Lenders Corp. lent most frequently to those with incomes in the $150k-250k range, with 4,086 originations. The second most popular income band? $100k-150k, with 3,948 originations.
Applicant Debt to Income Ratio
Nj Lenders Corp. lent most frequently to those with DTI ratios of 20-30%, with 3,424 originations. The next most common DTI ratio? 30-36%, with 2,532 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.45%
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 origination73.81%
Nj Lenders Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13,461 | $5,436,345,000 | $403,859 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 13,461 | $5,436,345,000 | $403,859 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NJ LENDERS CORP | Conventional home mortgage | Closing on a mortgage | 3 | 60.0% |
| NJ LENDERS CORP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| NJ LENDERS CORP | FHA mortgage | Closing on a mortgage | 1 | 20.0% |