New York - Newark - Jersey City Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in New York - Newark - Jersey City averaged 6.81% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.62% and one month ago for the week of 2024-05-30, the average rate was 6.99%.

New York - Newark - Jersey City's average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-07-03, the average rate was 7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
New York - Newark - Jersey City 30 Year Fixed Rate 2024-07-03 6.81%
New York - Newark - Jersey City 30 Year Fixed Rate Refi 2024-07-03 7%
New York - Newark - Jersey City 15 Year Fixed Rate 2024-07-03 6.33%
New York - Newark - Jersey City 15 Year Fixed Rate Refi 2024-07-03 6.07%
New York - Newark - Jersey City 30 Year FHA 2024-07-03 6.6%
New York - Newark - Jersey City 30 Year FHA Refi 2024-07-03 6.29%
New York - Newark - Jersey City 30 Year USDA 2024-07-03 6.84%
New York - Newark - Jersey City 30 Year USDA Refi 2024-07-03 6.74%
New York - Newark - Jersey City 30 Year VA 2024-07-03 6.55%
New York - Newark - Jersey City 30 Year VA Refi 2024-07-03 6.48%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New York-Newark-Jersey City, NY-NJ-PA.

New York - Newark - Jersey City Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the New York-Newark-Jersey City, NY-NJ-PA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
JPMorgan Chase Bank 6,847 6.42% $8,624
UNITED WHOLESALE MORTGAGE, LLC 6,319 6.66% $13,051
QUICKEN LOANS, LLC 4,955 6.70% $9,272
CROSSCOUNTRY MORTGAGE, LLC 4,125 6.82% $9,722
Citibank 3,796 5.66% $8,033
Wells Fargo Bank 3,711 5.99% $7,299
TD Bank 2,470 6.08% $6,940
NJ LENDERS CORP. 2,225 6.52% $7,220
GUARANTEED RATE, INC. 2,055 6.63% $7,643
LOANDEPOT.COM, LLC 1,950 6.60% $6,889
Citizens Bank 1,941 6.07% $10,248
Bank of America 1,743 5.95% $7,787
CONTOUR MORTGAGE CORPORATION 1,356 6.72% $11,832
U.S. Bank 1,347 6.27% $6,892
Morgan Stanley Private Bank 1,240 5.66% $6,530
PENNYMAC LOAN SERVICES, LLC 1,089 6.66% $11,797
MOVEMENT MORTGAGE, LLC 1,005 6.81% $10,160
EMBRACE HOME LOANS, INC. 1,002 6.56% $9,024
NEWREZ LLC 986 6.84% $11,180
Advisors Mortgage Group, L.L.C. 975 6.71% $6,903
NATIONWIDE MORTGAGE BANKERS, INC. 955 6.89% $13,706
GUARANTEED RATE AFFINITY, LLC 911 6.68% $7,947
East West Bank 828 6.63% $8,375
First Republic Bank 827 4.52% $5,149
CARDINAL FINANCIAL 813 6.73% $13,715
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 774 6.98% $9,620
ABSOLUTE HOME MORTGAGE CORPORATION 741 6.85% $9,727
Cathay Bank 713 6.47% $7,415
Bethpage Federal Credit Union 712 6.38% $6,298
PLAZA HOME MORTGAGE, INC. 711 6.83% $14,336
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 709 7.13% $15,623
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 698 6.77% $10,396
Lakeland Bank 680 5.16% $5,671
FM Home Loans, LLC 661 6.88% $9,478
Plains Commerce Bank 632 6.66% $13,446
A&D Mortgage LLC 544 8.46% $20,591
CMG MORTGAGE, INC. 540 6.96% $10,028
Valley National Bank 537 6.25% $6,427
HSBC BANK USA, NATIONAL ASSOCIATION 517 6.02% $6,699
HOMEBRIDGE FINANCIAL SERVICES, INC. 476 6.68% $12,758
PNC Bank 459 6.42% $6,849
Flagstar Bank, FSB 456 6.90% $11,402
CLIFFCO, INC. 456 7.07% $13,518
UNITED NORTHERN MORTGAGE BANKERS LIMITED 431 6.74% $10,115
The Federal Savings Bank 409 6.65% $15,389
Columbia Bank 400 5.39% $3,429
BOND STREET MORTGAGE, LLC 397 6.85% $9,237
M&T Bank 397 6.33% $6,973
East Coast Capital Corp. 385 7.08% $15,039
United Nations Federal Credit Union 365 5.41% $5,173
MORTGAGE ACCESS CORP. 357 6.88% $8,623
Mr. Cooper ( Nationstar Mortgage ) 356 6.59% $12,430
Quontic Bank 351 8.55% $18,532
Paramount Residential Mortgage Group, Inc. 348 7.19% $11,436
AMERICAN FINANCIAL NETWORK, INC. 328 7.21% $16,229
Webster Bank 325 6.23% $9,023
Kearny Bank 321 6.27% $5,932
Prosperity Home Mortgage, LLC 320 6.85% $7,218
TEACHERS 319 6.44% $5,063
Northpointe Bank 313 6.65% $11,843
EAGLE HOME MORTGAGE, LLC 308 6.55% $7,707
VISIONS 304 6.13% $5,763
BETTER MORTGAGE CORPORATION 304 6.18% $9,438
PROVIDENT FUNDING ASSOCIATES, L.P. 297 6.59% $7,301
OceanFirst Bank 292 6.39% $6,820
AMERICAN FEDERAL MORTGAGE CORPORATION 283 6.47% $5,280
Ridgewood Savings Bank 271 5.95% $12,327
UBS Bank USA 258 5.89% $8,282
CTBC Bank Corp. (USA) 249 6.14% $11,085
BNB Bank 228 5.91% $6,430
NORWICH COMMERCIAL GROUP, INC. 227 7.03% $12,071
CALIBER HOME LOANS, INC. 218 6.42% $7,877
SUMMIT MORTGAGE BANKERS INC. 211 6.73% $10,856
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 210 6.96% $8,835
UNION HOME MORTGAGE CORP. 204 6.94% $9,965
NAVY FEDERAL CREDIT UNION 195 6.31% $6,648
MILLENIUM HOME MORTGAGE, LLC 194 6.45% $7,730
US MORTGAGE CORPORATION 194 6.71% $11,749
Municipal Credit Union 190 6.13% $5,046
ARK MORTGAGE, INC. 181 6.88% $19,346
Metro City Bank 179 7.34% $12,303
Peapack-Gladstone Bank 179 4.73% $5,232
MLB RESIDENTIAL LENDING, LLC 178 6.83% $13,685
Equity Prime Mortgage LLC 166 6.97% $9,746
Manasquan Bank 162 6.01% $7,459
PRIMELENDING, A PLAINSCAPITAL COMPANY 161 6.76% $9,905
GuardHill Financial Corp. 161 6.89% $12,207
Nations Lending Corporation 159 6.90% $8,739
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 159 6.74% $12,618
LYNX MORTGAGE BANK LLC 158 6.83% $8,233
Amalgamated Bank 158 6.16% $5,739
ARC HOME LLC 157 7.60% $15,839
Hanover Community Bank 157 7.14% $14,622
PULTE MORTGAGE LLC 151 6.46% $3,004
GREENWAY MORTGAGE FUNDING CORP. 151 6.83% $7,541
BROKER SOLUTIONS, INC. 146 7.05% $8,636
MID-ISLAND MORTGAGE CORP. 145 6.68% $9,171
GUIDANCE RESIDENTIAL, LLC 144 7.14% $11,563
NP, Inc. 144 8.52% $15,835
FREEDOM MORTGAGE CORPORATION 142 6.89% $10,702
First National Bank of America 142 9.87% $16,068
First Savings Bank 142 6.49% $12,293
First Central Savings Bank 138 7.64% $15,099
JET DIRECT FUNDING CORP 137 6.89% $14,943
Royal Business Bank 137 6.14% $9,050
Kwik Mortgage Corporation 135 6.86% $6,687
First Horizon Bank 131 5.76% $17,933
Gateway First Bank 131 6.84% $8,190
AFFINITY 130 6.00% $5,196
AMERISAVE MORTGAGE CORPORATION 128 6.11% $11,151
NVR Mortgage Finance, Inc. 128 6.45% $7,887
MLD MORTGAGE INC. 127 6.45% $6,324
HARTFORD FUNDING, LTD. 127 7.20% $14,851
Stifel Bank and Trust 126 5.92% $5,335
1ST 2ND MORTGAGE COMPANY OF N.J., INC. 124 6.91% $9,931
TBI MORTGAGE COMPANY 121 6.42% $12,709
Nassau Educators Federal Credit Union 119 6.14% $2,777
PENTAGON FEDERAL CREDIT UNION 118 6.26% $7,833
DRAPER AND KRAMER MORTGAGE CORP. 117 6.73% $6,931
ENVOY MORTGAGE, LTD 115 6.49% $8,797
WALL STREET MORTGAGE BANKERS, LTD. 114 7.41% $22,701
PINNACLE MORTGAGE, INC. 111 6.62% $7,097
Fulton Bank 111 6.58% $6,823
CONTINENTAL MORTGAGE BANKERS, INC. 110 6.81% $12,017
DHI MORTGAGE COMPANY, LTD. 110 6.25% $6,572
Charles Schwab Bank, SSB 106 5.84% $6,443
City National Bank 106 5.91% $8,394
ARK-LA-TEX FINANCIAL SERVICES, LLC. 102 7.17% $7,620
Ally Bank 100 6.39% $9,668
Provident Bank 100 5.89% $5,789
NBKC BANK 99 6.45% $6,300
RESIDENTIAL HOME FUNDING CORP. 97 7.19% $12,510
PLANET HOME LENDING, LLC 96 6.74% $15,524
INTERSTATE HOME LOAN CENTER, INC. 95 7.22% $14,065
ASSOCIATED MORTGAGE BANKERS, INC. 93 6.82% $11,995
NATIONAL COOPERATIVE BANK, N.A. 92 6.62% $4,498
EMM LOANS LLC 92 7.05% $9,762
Cornerstone First Mortgage, Inc 90 7.19% $11,408
The Huntington National Bank 87 6.52% $6,600
ALLIED MORTGAGE GROUP, INC. 87 6.84% $12,242
Keystone Funding, Inc. 84 6.62% $11,693
KeyBank 84 6.49% $8,338
VAN DYK MORTGAGE CORPORATION 82 6.79% $10,327
Discover Bank 81 6.70% $0
Evolve Bank & Trust 80 6.57% $7,238
UIF CORPORATION 80 6.97% $9,193
MUTUAL OF OMAHA MORTGAGE, INC. 79 6.62% $9,000
RELIANCE FIRST CAPITAL, LLC 79 6.76% $12,472
Goldman Sachs Bank USA 79 5.67% $11,426
Truist 76 6.35% $8,564
TrustCo Bank 76 6.42% $4,411
DIGITAL Federal Credit Union 75 5.71% $5,678
GLENDENNING MORTGAGE CORPORATION 75 6.88% $9,639
PANORAMA MORTGAGE GROUP, LLC 72 7.09% $12,268
Raymond James Bank 70 5.30% $7,717
HOMESTEAD FUNDING CORP. 69 6.55% $7,127
BNY Mellon 68 5.70% $7,809
FIRST ALLIANCE HOME MORTGAGE, LLC 68 6.91% $12,389
AmeriHome Mortgage Company, LLC 67 6.79% $7,153
Bank of Hope 67 6.81% $8,908
TOTAL MORTGAGE SERVICES, LLC 67 7.00% $11,807
HARBORONE MORTGAGE, LLC 64 6.38% $7,266
SUFFOLK 62 6.34% $6,271
GREENTREE MORTGAGE COMPANY, L.P. 61 6.78% $6,018
NFM, INC. 59 7.20% $11,331
First-Citizens Bank & Trust Company 59 5.11% $6,927
Bank of England 59 6.80% $13,135
FINANCIAL RESOURCES FEDERAL CREDIT UNION 58 6.00% $5,429
Popular Bank 58 5.83% $9,834
EVERETT FINANCIAL, INC. 56 7.06% $9,694
NATIONS DIRECT MORTGAGE, LLC 56 6.55% $10,430
ISLAND 53 6.15% $8,267
The Loan Store, Inc. 52 6.94% $9,011
USAlliance Federal Credit Union 52 6.66% $7,236
RESIDENTIAL HOME MORTGAGE CORPORATION 49 6.44% $9,667
HUDSON VALLEY CREDIT UNION 48 5.99% $6,131
Century Mortgage Company DBA Century Lending Company 47 6.65% $12,742
Citadel Servicing Corporation 46 9.05% $15,415
PATRIOT ONE MORTGAGE BANKERS, LLC 44 6.72% $19,275
Third Federal Savings and Loan Association of Cleveland 42 5.78% $2,473
Univest Bank and Trust Co. 40 6.34% $8,784
Tompkins Trust Company 39 6.49% $4,585
Actors Federal Credit Union 38 4.65% $6,307
OCMBC, INC. 37 8.98% $18,550
BMO Harris Bank 37 6.08% $10,519
CIBM Bank 37 6.73% $6,703
POLISH & SLAVIC FEDERAL CREDIT UNION 37 6.14% $4,923
General Mortgage Capital Corporation 36 6.35% $6,355
Farmers Bank & Trust 35 6.21% $6,029
PHH Mortgage Corporation 35 6.85% $9,397
BAY EQUITY LLC 35 6.49% $5,991
ATLANTIS MORTGAGE CO., INC. 35 6.98% $6,312
SELF RELIANCE NY Federal Credit Union 34 5.76% $4,715
DEEPHAVEN MORTGAGE LLC 33 8.59% $15,381
USAA Federal Savings Bank 33 6.65% $9,454
NETWORK CAPITAL FUNDING CORPORATION 31 6.72% $9,536
The First National Bank of Long Island 30 6.06% $5,821
MY MORTGAGE, INC. 29 7.08% $13,597
Firstrust Savings Bank 29 5.84% $10,770
ADVANCIAL 28 7.86% $14,229
BLAIR SERVICES OF AMERICA INC. 28 6.55% $15,252
SUN WEST MORTGAGE COMPANY, INC. 28 7.08% $12,674
N C P D Federal Credit Union 27 6.00% $3,383
TIDEWATER MORTGAGE SERVICES, INC. 27 7.00% $8,738
WILLIAM RAVEIS MORTGAGE, LLC 27 6.86% $6,969
Luxury Mortgage Corp. 26 8.09% $25,963
Bogota Savings Bank 26 6.45% $5,447
Carrington Mortgage Services, LLC 26 6.50% $12,943
MEMBER FIRST MORTGAGE, LLC 26 6.36% $6,476
Commerce Home Mortgage, Inc. 26 8.35% $18,225
Ixonia Bank 26 7.28% $8,118
HOMEXPRESS MORTGAGE CORP. 25 8.98% $13,216
American Mortgage & Equity Consultants, Inc. 25 7.34% $9,498
SUCCESS MORTGAGE PARTNERS, INC. 25 6.83% $9,788
Acre Mortgage and Financial Inc 25 7.15% $9,169
ROYAL UNITED MORTGAGE LLC 25 7.18% $9,352
Mortgage Research Center, LLC 25 6.42% $9,513
Waterstone Mortgage Corporation 24 6.97% $11,313
MICHIGAN MUTUAL, INC. 24 6.64% $6,487
T2 FINANCIAL LLC 23 7.15% $9,863
TRUMARK FINANCIAL CREDIT UNION 23 6.39% $8,387
BNC National Bank 23 5.95% $8,288
DEVELOPER'S MORTGAGE COMPANY 23 7.63% $10,377
HOMESIDE FINANCIAL, LLC 23 6.87% $10,048
Fairfield County Bank 23 6.21% $8,647
The Honesdale National Bank 23 6.70% $5,156
North American Savings Bank, F.S.B. 22 6.56% $8,104
ANGEL OAK MORTGAGE SOLUTIONS LLC 22 8.39% $17,950
CREDIT UNION MORTGAGE ASSOCIATION, INC. 22 6.23% $7,061
1st Colonial Community Bank 22 6.64% $6,433
NATION ONE MORTGAGE CORPORATION 21 7.02% $10,654
PCSB Bank 20 6.24% $4,162
NexBank 20 6.93% $11,727
GREATER ALLIANCE 19 5.68% $4,669
PREMIA MORTGAGE, LLC 19 6.54% $3,565
BRIDGEVIEW MORTGAGE CORP. 19 6.76% $16,090
BAYSHORE MORTGAGE FUNDING, LLC 19 7.04% $11,424
Axos Bank 19 6.88% $26,924
LENDSURE MORTGAGE CORP. 18 8.62% $20,384
PICATINNY FEDERAL CREDIT UNION 18 6.29% $7,715
SEFCU SERVICES, LLC 18 5.07% $7,178
PROPONENT Federal Credit Union 18 6.03% $5,934
First Federal Bank 18 6.74% $8,551
GUILD MORTGAGE COMPANY 18 6.74% $9,312
RBC Bank, (Georgia) 17 5.60% $6,979
NEW FED MORTGAGE, CORP. 17 6.70% $6,092
AmRes Corporation 17 6.90% $10,801
GARDEN SAVINGS FEDERAL CREDIT UNION 17 6.29% $4,163
Berkshire Bank 17 5.66% $7,286
AMERICAN FINANCING CORPORATION 17 6.65% $9,906
Farm Credit East, ACA 17 7.26% $8,327
Princeton Mortgage Corporation 16 7.19% $8,339
Meridian Bank Corporation 16 6.92% $7,934
LYONS MORTGAGE SERVICES, INC. 15 6.65% $8,416
NEXERA HOLDING LLC 15 8.86% $18,956
NBT Bank 15 6.20% $5,028
ZILLOW HOME LOANS, LLC 15 6.58% $9,406
NATIONWIDE EQUITIES CORPORATION 15 6.61% $9,264
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 15 6.73% $10,187
JMAC LENDING, INC. 15 7.17% $14,264
SIRVA MORTGAGE, INC. 14 6.71% $1,611
NEW WAVE LENDING GROUP INC 14 7.96% $13,245
GENEVA FINANCIAL, LLC 14 7.65% $12,163
Wilmington Savings Fund Society, FSB 14 6.08% $8,259
PRIMARY RESIDENTIAL MORTGAGE, INC. 14 6.93% $11,871
CHURCHILL MORTGAGE CORPORATION 14 6.95% $9,021
Florida Capital Bank 13 6.62% $11,150
The Central Trust Bank 13 6.41% $5,422
Fifth Third Bank 13 6.94% $6,936
Blue Foundry Bank 12 5.88% $6,833
Leader Bank 12 6.11% $6,670
Summit Mortgage Corporation 12 6.91% $7,912
American Broadcast Employees Federal Credit Union 12 5.69% $2,184
First National Bank of Pennsylvania 12 6.27% $8,959
Ulster Savings Bank 12 6.43% $7,573
Sierra Pacific Mortgage Company, Inc. 11 6.58% $22,718
GSF Mortgage Corporation 11 6.35% $9,020
AMERICAN PACIFIC MORTGAGE CORPORATION 11 6.67% $12,563
Bank-Fund Staff Federal Credit Union 11 5.67% $6,430
Wayne Bank 10 6.61% $5,062
LAKEVIEW LOAN SERVICING, LLC 10 6.87% $10,400
The Northern Trust Company 10 6.25% $9,492
LENOX FINANCIAL MORTGAGE CORPORATION 9 7.00% $12,889
ALLIANT CREDIT UNION 9 6.92% $6,323
Shamrock Home Loans, Inc. 9 6.37% $6,106
EQUITY NOW INC. 9 6.54% $9,470
MDE Home Loans, LLC 9 7.00% $13,037
TOWNE MORTGAGE COMPANY 9 6.75% $8,779
Princeton Federal Credit Union 9 6.33% $7,746
UTILITIES EMPLOYEES CREDIT UNION 8 6.25% $4,317
Mortgage Bank of California 8 8.22% $26,294
Union County Savings Bank 8 6.28% $3,697
CITY FIRST MORTGAGE SERVICES, L.L.C. 7 7.68% $11,670
Huntingdon Valley Bank 7 6.88% $4,851
CIBC Bank USA 7 5.48% $8,449
North Jersey Federal Credit Union 7 6.14% $8,360
Toyota Financial Savings Bank 7 6.52% $6,928
Savings Bank of Danbury 7 6.30% $7,788
TEG Federal Credit Union 7 7.14% $4,537
MID-HUDSON VALLEY 7 6.36% $5,510
Baxter Credit Union 7 6.82% $7,877
Magnolia Bank 7 6.64% $11,687
POLICE & FIRE 7 6.63% $3,603
Mortgage America, Inc. 7 7.13% $9,855
VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.27% $4,883
Walden Savings Bank 6 5.23% $3,632
SUNMARK FEDERAL CREDIT UNION 6 6.37% $6,425
Union Savings Bank 6 5.44% $7,928
S&T Bank 6 6.31% $11,179
The Fidelity Deposit and Discount Bank 6 6.94% $6,471
AMERICAN HERITAGE LENDING, INC. 6 8.75% $13,244
Barrington Bank & Trust Company, N.A. 6 6.68% $11,767
Presidential Bank, FSB 6 6.73% $6,658
Republic Bank 6 4.76% $5,038
KINECTA 6 5.04% $4,257
CREDIT UNION OF NEW JERSEY 5 6.53% $4,611
Ameris Bank 5 7.02% $8,097
AMERICAN INTERNET MORTGAGE, INC. 5 6.70% $5,843
IVY MORTGAGE, INC. 5 6.78% $6,868
Dollar Bank, Federal Savings Bank 5 6.50% $9,322
Schuyler Savings Bank 5 6.88% $3,755
OAKTREE FUNDING CORP. 5 9.08% $24,819
Ocean Financial Federal Credit Union 5 5.95% $4,721
Financial Freedom Mortgage, LLC 5 7.92% $10,152
ONY GLO, INC. 5 6.50% $7,741
FirstBank 5 6.73% $9,841
UNITED TELETECH FINANCIAL 5 5.23% $5,590
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION 5 5.28% $7,074
J. VIRGIL, INC. 5 7.25% $16,458
American Airlines Federal Credit Union 4 5.94% $0
Aurora Financial, LLC 4 6.28% $3,782
PARAGON HOME LOANS INC. 4 6.81% $6,532
PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.53% $11,350
OCEANSIDE MORTGAGE COMPANY 4 6.66% $3,608
LOANLEADERS OF AMERICA, INC. 4 6.53% $15,042
Customers Bank 4 6.15% $9,940
Semper Home Loans, Inc. 4 6.66% $9,367
Byline Bank 4 6.63% $7,389
FIRST HERITAGE FINANCIAL, LLC 4 6.75% $7,020
BM Real Estate Services, Inc. 4 7.19% $13,232
FIRST MORTGAGE COMPANY, INC. 4 6.25% $5,882
First Internet Bank of Indiana 4 6.00% $5,564
Northwest Bank 4 6.97% $8,515
First Citizens Community Bank 4 7.22% $6,008
STANFORD Federal Credit Union 4 6.50% $5,136
WINGS FINANCIAL 4 6.34% $9,120
Lakeview Community Capital, LLC 4 6.22% $11,633
BAYCOAST MORTGAGE COMPANY, LLC 3 6.67% $6,425
AMERITRUST MORTGAGE CORPORATION 3 8.21% $32,549
AMERICAN HERITAGE FCU 3 6.54% $3,841
Loan Simple, Inc. 3 6.87% $15,319
AMERICAN FINANCIAL RESOURCES, INC. 3 7.00% $12,065
AMERICAN FINANCE HOUSE LARIBA 3 6.89% $6,686
AMERICAN BANCSHARES MORTGAGE 3 6.91% $9,395
ALLEGACY FEDERAL CREDIT UNION 3 5.29% $8,413
FEDERATED MORTGAGE CORP. 3 6.54% $6,582
MASON MCDUFFIE MORTGAGE CORPORATION 3 7.33% $5,194
MCLEAN MORTGAGE CORPORATION 3 6.38% $6,043
FBC MORTGAGE, LLC 3 6.33% $10,719
MK LENDING CORP. 3 6.79% $8,937
ESSA Bank & Trust 3 6.62% $4,039
Encompass Lending Group, LP 3 6.91% $13,302
MORIA DEVELOPMENT, INC. 3 6.63% $6,541
Independent Bank 3 6.58% $6,914
COMMUNITYAMERICA 3 7.00% $5,982
NMSI, INC. 3 6.75% $9,810
Northeast Equitable Mortgage, LLC 3 6.88% $8,190
City National Bank of Florida 3 5.96% $16,853
ON Q FINANCIAL, INC. 3 8.54% $14,155
Penn Community Bank 3 6.29% $4,805
First United Bank and Trust Company 3 7.21% $6,896
Pinnacle Bank 3 6.75% $6,572
FIRST ATLANTIC FEDERAL CREDIT UNION 3 6.79% $4,075
PLUS RELOCATION MORTGAGE, LLC 3 7.04% $8,291
QUORUM FEDERAL CREDIT UNION 3 6.67% $5,312
FIRST TECHNOLOGY 3 7.08% $6,037
SUMMIT FUNDING, INC. 3 6.79% $11,457
SECURITYNATIONAL MORTGAGE COMPANY 3 7.33% $14,562
FIDELITY DIRECT MORTGAGE, LLC 3 7.88% $16,870
LEADERONE FINANCIAL CORPORATION 3 6.70% $8,687
Strong Home Mortgage, LLC 3 6.50% $7,052
Peoples Security Bank and Trust Company 2 5.31% $5,566
CHERRY CREEK MORTGAGE, LLC 2 6.63% $405
JERSEY SHORE FEDERAL CREDIT UNION 2 5.31% $9,303
State Department Federal Credit Union 2 5.69% $16,451
First National Bank of Omaha 2 7.25% $3,333
Paramount Bank 2 6.75% $11,833
CITIZENS EQUITY FIRST 2 6.88% $4,438
Citizens & Northern Bank 2 6.88% $4,505
Northwest Community Bank 2 4.88% $5,203
RESIDENTIAL BANCORP 2 8.38% $20,025
LIBERTY HOME MORTGAGE CORPORATION 2 6.31% $15,451
First Financial Federal Credit Union 2 6.63% $3,284
Community First National Bank 2 6.81% $12,461
IDB Global Federal Credit Union 2 5.50% $5,191
Bank of Whittier 2 7.06% $8,620
FOUNDATION MORTGAGE CORPORATION 2 8.75% $35,770
HUDSON HERITAGE 2 5.00% $4,042
FIRST HOME MORTGAGE CORPORATION 2 6.75% $5,907
The Atlantic Federal Credit Union 2 6.75% $10,453
EASTMAN 2 6.63% $37,276
Home Loan Investment Bank, F.S.B. 2 6.94% $5,829
MidFirst Bank 2 5.94% $61,765
1ST PRIORITY MORTGAGE, INC. 2 7.25% $6,721
Servion, Inc. 2 6.44% $7,286
ACADEMY MORTGAGE CORPORATION 2 8.50% $26,469
LENDING CAPITAL GROUP Inc 2 6.81% $6,084
VILLAGE CAPITAL MORTGAGE 2 6.94% $6,828
FEDEX EMPLOYEES CREDIT ASSOCIATION 2 6.56% $6,879
Union Savings Bank 2 6.31% $8,823
TOGETHER CREDIT UNION 2 5.50% $6,381
THRIVENT Federal Credit Union 2 6.00% $8,136
STAR ONE CREDIT UNION 2 5.44% $4,733
Premium Mortgage Corporation 2 6.50% $2,527
BOKF 2 7.06% $15,247
Capitol Federal Savings Bank 2 6.13% $18,255
PIKE CREEK MORTGAGE SERVICES, INC. 2 7.00% $10,449
Blue Ridge Bank 2 6.75% $6,205
Philadelphia Mortgage Advisors, Inc. 2 6.44% $4,417
CASTLE & COOKE MORTGAGE, LLC 2 7.00% $7,869
PURDUE FEDERAL CREDIT UNION 1 6.00% $5,993
GENISYS 1 6.75% $4,962
GEO-CORP, INC. 1 7.25% $12,625
Gold Coast Bank 1 6.00% $6,745
FIRST WORLD MORTGAGE CORPORATION 1 6.00% $7,804
First Western Trust Bank 1 6.25% $50
First Standard Financial Corp. 1 6.88% $7,459
Heritage Bank 1 7.50% $10,744
First Heritage Mortgage, LLC 1 6.88% $12,401
HUNT MORTGAGE CORPORATION 1 6.13% $16,586
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $6,768
First Commonwealth Federal Credit Union 1 5.13% $4,514
First Bank 1 6.63% $5,607
Kish Bank 1 6.50% $12,465
LADERA LENDING, INC. 1 6.99% $5,945
LAFAYETTE FEDERAL CREDIT UNION 1 5.38% $4,953
LEGEND LENDING CORPORATION 1 6.38% $10,008
L & N Federal Credit Union 1 5.75% $5,256
Fidelity Bank 1 7.63% $7,330
LOANPAL, LLC 1 6.63% $17,970
MEMBERS 1ST FEDERAL CREDIT UNION 1 5.50% $7,365
Farmers and Merchants Trust Company of Chambersburg 1 5.88% $5,640
Mid Penn Bank 1 7.99% $4,317
Midwest BankCentre 1 7.99% $5,883
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $10,479
DIRECT MORTGAGE LOANS, LLC 1 6.62% $13,383
DELMAR FINANCIAL COMPANY 1 6.00% $7,139
Deere Employees Credit Union 1 6.00% $6,335
DAS Acquisition Company, LLC 1 7.63% $9,344
CORPORATE AMERICA FAMILY 1 5.75% $7,964
CORNING 1 6.25% $4,745
Connexus Credit Union 1 5.99% $4,077
NEW DAY FINANCIAL, LLC 1 7.13% $5,951
Community Bank 1 7.00% $0
Northwest Federal Credit Union 1 8.00% $4,351
Commerce Bank 1 6.50% $5,093
Orrstown Bank 1 7.00% $7,120
OWNERSCHOICE FUNDING, INCORPORATED 1 6.38% $4,768
Parke Bank 1 6.25% $3,820
Chickasaw Community Bank 1 7.13% $16,701
PENNSYLVANIA STATE EMPLOYEES Credit Union 1 5.63% $3,018
Central Bank 1 6.25% $12,985
Center City Mortgage and Investments LLC 1 7.50% $4,558
Peoples Bank 1 6.00% $5,934
PHILADELPHIA 1 5.50% $4,587
Capital Bank 1 6.13% $7,371
FUNDLOANS CAPITAL 1 8.63% $20,427
BECKAM FUNDING CORP. 1 8.38% $10,051
BAY-VALLEY MORTGAGE GROUP 1 8.88% $28,510
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 6.50% $5,629
Residential Mortgage Solutions, Inc. 1 8.50% $30,650
Service Federal Credit Union 1 5.25% $5,523
Shore United Bank 1 6.00% $10,968
Signal Financial Federal Credit Union 1 7.13% $11,034
Signature Federal Credit Union 1 6.13% $16,044
State Financial Network, LLC 1 6.63% $4,267
BAC Florida Bank 1 6.50% $11,306
Sun East Federal Credit Union 1 5.00% $6,007
Atlantic Union Bank 1 5.63% $18,558
Atlantic Coast Mortgage, LLC 1 6.38% $9,990
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.88% $7,599
The Camden National Bank 1 7.25% $4,161
Armed Forces Bank 1 7.00% $6,704
The Union Bank Company 1 6.13% $2,940
TOWER 1 7.38% $10,362
Trinity Oaks Mortgage, LLC 1 6.38% $8,799
UNIFY FINANCIAL Credit Union 1 6.95% $2,634
United Fidelity Funding Corp. 1 6.50% $3,840
U S WIDE FINANCIAL LLC 1 7.13% $5,852
Watermark Capital, Inc. 1 6.63% $5,668
1st National Bank 1 6.38% $3,292
WesBanco 1 5.38% $5,520
Wyndham Capital Mortgage, Inc. 1 6.38% $5,823
York Traditions Bank 1 6.13% $5,798

New York - Newark - Jersey City Average Closing Costs & Other Stats

New York-Newark-Jersey City, NY-NJ-PA's 494 lenders originated 185,651 loans during 2023. The total origination value was $99,684,265,000, with an average loan value of $536,944.

New York - Newark - Jersey City's average closing costs are $7,969.

The top New York - Newark - Jersey City lender as defined by loan originations is JPMorgan Chase Bank, with 6,847 loans originated. Their average total fees are $8,624, which is $4,427 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee New York - Newark - Jersey City lenders (with over 10 loans originated) are Discover Bank ($0), SIRVA MORTGAGE, INC. ($1,611), American Broadcast Employees Federal Credit Union ($2,184), Third Federal Savings and Loan Association of Cleveland ($2,473) and Nassau Educators Federal Credit Union ($2,777).

The lowest rate New York - Newark - Jersey City lenders (with over 10 loans originated) are First Republic Bank (4.52%), Actors Federal Credit Union (4.65%), Peapack-Gladstone Bank (4.73%), SEFCU SERVICES, LLC (5.07%) and First-Citizens Bank & Trust Company (5.11%).

New York-Newark-Jersey City, NY-NJ-PA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
JPMorgan Chase Bank $13,760,785,000 $6,304,075,000 -54.2% 6.3%
UNITED WHOLESALE MORTGAGE, LLC $5,463,210,000 $4,876,880,000 -10.7% 4.9%
Wells Fargo Bank $11,195,185,000 $4,708,985,000 -57.9% 4.7%
Citibank $6,353,715,000 $4,388,360,000 -30.9% 4.4%
TD Bank $4,453,800,000 $3,332,235,000 -25.2% 3.3%
Citizens Bank $5,519,765,000 $3,285,975,000 -40.5% 3.3%
Bank of America $6,377,930,000 $2,802,055,000 -56.1% 2.8%
QUICKEN LOANS, LLC $5,253,655,000 $2,767,140,000 -47.3% 2.8%
CROSSCOUNTRY MORTGAGE, LLC $3,069,005,000 $2,752,080,000 -10.3% 2.8%
Webster Bank $1,753,790,000 $1,448,630,000 -17.4% 1.5%
GUARANTEED RATE, INC. $1,997,435,000 $1,354,930,000 -32.2% 1.4%
Morgan Stanley Private Bank $2,448,500,000 $1,342,545,000 -45.2% 1.3%
Valley National Bank $2,779,735,000 $1,302,565,000 -53.1% 1.3%
Merchants Capital Corp. $1,257,175,000 n/a 1.3%
PNC Bank $2,997,065,000 $1,255,475,000 -58.1% 1.3%
LOANDEPOT.COM, LLC $3,785,885,000 $1,248,440,000 -67.0% 1.3%
NJ LENDERS CORP. $1,550,535,000 $1,224,880,000 -21.0% 1.2%
U.S. Bank $1,941,185,000 $1,179,725,000 -39.2% 1.2%
First Republic Bank $6,937,150,000 $1,168,160,000 -83.2% 1.2%
GREYSTONE SERVICING COMPANY LLC $1,033,450,000 $998,640,000 -3.4% 1.0%
Bethpage Federal Credit Union $1,810,500,000 $993,805,000 -45.1% 1.0%
Cathay Bank $607,350,000 $904,235,000 48.9% 0.9%
CONTOUR MORTGAGE CORPORATION $954,290,000 $899,465,000 -5.7% 0.9%
Flagstar Bank, FSB $4,661,725,000 $855,630,000 -81.6% 0.9%
NATIONWIDE MORTGAGE BANKERS, INC. $1,176,425,000 $850,185,000 -27.7% 0.9%
PENNYMAC LOAN SERVICES, LLC $535,185,000 $827,345,000 54.6% 0.8%
East West Bank $1,344,125,000 $753,290,000 -44.0% 0.8%
WALKER & DUNLOP, LLC $879,335,000 $738,420,000 -16.0% 0.7%
CARDINAL FINANCIAL $1,096,560,000 $735,320,000 -32.9% 0.7%
HSBC BANK USA, NATIONAL ASSOCIATION $1,055,290,000 $722,230,000 -31.6% 0.7%
Lakeland Bank $856,700,000 $684,665,000 -20.1% 0.7%
PLAZA HOME MORTGAGE, INC. $291,995,000 $663,505,000 127.2% 0.7%
M&T Bank $1,054,525,000 $653,275,000 -38.1% 0.7%
NEWREZ LLC $490,190,000 $641,230,000 30.8% 0.6%
Arbor Realty Trust, Inc. $369,850,000 $633,270,000 71.2% 0.6%
EMBRACE HOME LOANS, INC. $893,165,000 $632,725,000 -29.2% 0.6%
MOVEMENT MORTGAGE, LLC $287,645,000 $598,975,000 108.2% 0.6%
FM Home Loans, LLC $1,276,090,000 $587,345,000 -54.0% 0.6%
Ponce Bank $447,780,000 $577,550,000 29.0% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $685,290,000 $546,330,000 -20.3% 0.5%
Barings Multifamily Capital $541,835,000 n/a 0.5%
Plains Commerce Bank $123,865,000 $526,250,000 324.9% 0.5%
GUARANTEED RATE AFFINITY, LLC $920,680,000 $526,135,000 -42.9% 0.5%
Columbia Bank $1,233,735,000 $512,945,000 -58.4% 0.5%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $562,550,000 $506,725,000 -9.9% 0.5%
Advisors Mortgage Group, L.L.C. $719,420,000 $505,800,000 -29.7% 0.5%
The Federal Savings Bank $695,395,000 $483,805,000 -30.4% 0.5%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $730,565,000 $459,970,000 -37.0% 0.5%
Provident Bank $373,865,000 $453,520,000 21.3% 0.5%
A&D Mortgage LLC $615,215,000 $444,210,000 -27.8% 0.4%
ABSOLUTE HOME MORTGAGE CORPORATION $718,185,000 $438,450,000 -39.0% 0.4%
BNB Bank $1,494,720,000 $433,240,000 -71.0% 0.4%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,316,785,000 $428,340,000 -67.5% 0.4%
JONES LANG LASALLE MULTIFAMILY, LLC $129,075,000 $395,720,000 206.6% 0.4%
TEACHERS $624,365,000 $383,100,000 -38.6% 0.4%
UBS Bank USA $963,675,000 $367,930,000 -61.8% 0.4%
Ridgewood Savings Bank $917,645,000 $355,345,000 -61.3% 0.4%
CMG MORTGAGE, INC. $123,030,000 $354,750,000 188.3% 0.4%
Nassau Educators Federal Credit Union $580,735,000 $353,735,000 -39.1% 0.4%
Paramount Residential Mortgage Group, Inc. $497,175,000 $350,065,000 -29.6% 0.4%
CLIFFCO, INC. $330,330,000 $342,740,000 3.8% 0.3%
NATIONAL COOPERATIVE BANK, N.A. $827,090,000 $338,005,000 -59.1% 0.3%
Northpointe Bank $504,845,000 $337,780,000 -33.1% 0.3%
East Coast Capital Corp. $394,530,000 $333,355,000 -15.5% 0.3%
Logan Finance Corporation $27,320,000 $327,340,000 1,098.2% 0.3%
OceanFirst Bank $473,665,000 $316,465,000 -33.2% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $313,815,000 n/a 0.3%
UNITED NORTHERN MORTGAGE BANKERS LIMITED $484,540,000 $311,215,000 -35.8% 0.3%
Flushing Bank $547,710,000 $306,510,000 -44.0% 0.3%
Deutsche Bank Trust Company Americas $295,995,000 n/a 0.3%
Apple Bank for Savings $678,325,000 $293,695,000 -56.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $982,590,000 $267,935,000 -72.7% 0.3%
NAVY FEDERAL CREDIT UNION $352,010,000 $265,785,000 -24.5% 0.3%
Quontic Bank $755,400,000 $259,720,000 -65.6% 0.3%
Fulton Bank $276,730,000 $251,225,000 -9.2% 0.3%
VISIONS $355,900,000 $249,190,000 -30.0% 0.2%
United Nations Federal Credit Union $353,380,000 $249,185,000 -29.5% 0.2%
Manasquan Bank $361,210,000 $246,160,000 -31.9% 0.2%
ARK MORTGAGE, INC. $409,805,000 $240,785,000 -41.2% 0.2%
Spencer Savings Bank, SLA $424,950,000 $236,290,000 -44.4% 0.2%
BOND STREET MORTGAGE, LLC $274,455,000 $225,100,000 -18.0% 0.2%
Popular Bank $667,955,000 $210,675,000 -68.5% 0.2%
Goldman Sachs Bank USA $357,430,000 $206,185,000 -42.3% 0.2%
First Horizon Bank $296,045,000 $201,395,000 -32.0% 0.2%
Kearny Bank $1,141,410,000 $200,365,000 -82.4% 0.2%
City National Bank $936,435,000 $199,185,000 -78.7% 0.2%
Hanover Community Bank $499,105,000 $198,265,000 -60.3% 0.2%
First Central Savings Bank $295,815,000 $187,745,000 -36.5% 0.2%
BETTER MORTGAGE CORPORATION