OCEAN CITY Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Ocean City averaged 6.82% for the week of 2024-06-20, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-06-13) was 6.8% and one month ago for the week of 2024-05-16, the average rate was 6.97%.

Ocean City's average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-06-20, the average rate was 7.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-20 6.87%
Ocean City 30 Year Fixed Rate 2024-06-20 6.82%
Ocean City 30 Year Fixed Rate Refi 2024-06-20 7.52%
Ocean City 15 Year Fixed Rate 2024-06-20 6.33%
Ocean City 15 Year Fixed Rate Refi 2024-06-20 6.23%
Ocean City 30 Year FHA 2024-06-20 -0.24%
Ocean City 30 Year FHA Refi 2024-06-20 -0.2%
Ocean City 30 Year USDA 2024-06-20 0%
Ocean City 30 Year USDA Refi 2024-06-20 0.1%
Ocean City 30 Year VA 2024-06-20 0.1%
Ocean City 30 Year VA Refi 2024-06-20 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within OCEAN CITY, NJ.

OCEAN 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 OCEAN CITY, NJ 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
Citizens Bank 143 6.40% $9,289
OceanFirst Bank 133 6.67% $6,095
QUICKEN LOANS, LLC 94 6.85% $8,061
U.S. Bank 69 6.25% $7,330
GUARANTEED RATE, INC. 55 6.82% $8,168
CROSSCOUNTRY MORTGAGE, LLC 54 7.18% $10,914
Wells Fargo Bank 46 6.39% $7,962
Valley National Bank 45 6.47% $7,179
Firstrust Savings Bank 44 6.49% $8,795
TD Bank 39 5.97% $6,575
Morgan Stanley Private Bank 33 5.76% $6,894
Prosperity Home Mortgage, LLC 32 6.97% $7,583
TRUMARK FINANCIAL CREDIT UNION 31 6.81% $8,170
Advisors Mortgage Group, L.L.C. 29 6.89% $6,211
Bank of America 27 6.23% $8,722
PENNYMAC LOAN SERVICES, LLC 25 7.05% $9,960
JPMorgan Chase Bank 24 6.59% $11,131
CMG MORTGAGE, INC. 23 6.99% $9,700
DRAPER AND KRAMER MORTGAGE CORP. 23 7.12% $8,030
UNITED WHOLESALE MORTGAGE, LLC 22 7.06% $10,572
Paramount Residential Mortgage Group, Inc. 21 7.44% $9,127
GREENTREE MORTGAGE COMPANY, L.P. 21 7.02% $8,956
Citibank 16 5.45% $7,974
PNC Bank 15 6.28% $7,975
NFM, INC. 14 7.08% $9,110
MOVEMENT MORTGAGE, LLC 14 6.79% $7,778
1st Colonial Community Bank 13 6.22% $6,533
Meridian Bank Corporation 13 6.92% $12,414
NATION ONE MORTGAGE CORPORATION 12 6.74% $8,948
POLICE & FIRE 12 6.14% $2,940
Wilmington Savings Fund Society, FSB 11 6.13% $13,326
NJ LENDERS CORP. 10 7.04% $7,429
EMM LOANS LLC 10 7.04% $9,944
UBS Bank USA 10 5.98% $8,769
NAVY FEDERAL CREDIT UNION 10 6.64% $10,196
Northpointe Bank 9 6.34% $7,623
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 7.14% $11,106
LOANDEPOT.COM, LLC 8 7.25% $5,766
Mid Penn Bank 7 6.69% $9,039
PHILADELPHIA 7 7.34% $5,933
Gateway First Bank 7 7.07% $9,423
AMERISAVE MORTGAGE CORPORATION 7 6.03% $8,676
ALLIED MORTGAGE GROUP, INC. 6 7.14% $6,881
M&T Bank 6 6.63% $7,850
Charles Schwab Bank, SSB 6 5.93% $6,455
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.87% $13,702
Truist 6 6.20% $7,143
CITADEL FEDERAL CREDIT UNION 6 6.52% $5,995
AMERICAN FEDERAL MORTGAGE CORPORATION 6 6.94% $4,991
Mr. Cooper ( Nationstar Mortgage ) 5 6.79% $13,980
Bethpage Federal Credit Union 5 6.95% $5,201
BROKER SOLUTIONS, INC. 5 7.12% $9,841
Huntingdon Valley Bank 5 6.30% $6,640
State Financial Network, LLC 5 6.48% $4,044
Stifel Bank and Trust 5 6.03% $4,489
Webster Bank 5 6.05% $11,426
GUARANTEED RATE AFFINITY, LLC 4 7.09% $5,270
Presidential Bank, FSB 4 7.50% $10,991
Fulton Bank 4 6.28% $6,272
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.87% $5,292
AMERICAN HERITAGE FCU 4 6.71% $4,212
Equity Prime Mortgage LLC 4 7.34% $9,545
Keystone Funding, Inc. 4 6.94% $11,114
Acre Mortgage and Financial Inc 4 7.22% $9,312
NATIONS DIRECT MORTGAGE, LLC 4 7.34% $9,890
Univest Bank and Trust Co. 4 7.25% $10,421
ABSOLUTE HOME MORTGAGE CORPORATION 4 6.47% $9,294
First National Bank of America 4 10.25% $9,372
Republic Bank 4 4.25% $6,336
Goldman Sachs Bank USA 4 5.89% $11,889
DHI MORTGAGE COMPANY, LTD. 4 7.28% $9,442
Raymond James Bank 4 5.50% $11,064
DEVELOPER'S MORTGAGE COMPANY 3 7.63% $7,967
OAKTREE FUNDING CORP. 3 9.04% $15,385
ESSA Bank & Trust 3 6.62% $13,797
PLAZA HOME MORTGAGE, INC. 3 6.91% $8,555
Princeton Mortgage Corporation 3 7.38% $22,135
Mortgage America, Inc. 3 6.29% $5,486
First Citizens Community Bank 3 7.79% $8,048
The Loan Store, Inc. 3 7.25% $13,644
AMERICAN FINANCIAL NETWORK, INC. 3 7.13% $10,369
NEWREZ LLC 3 6.96% $15,150
NEXERA HOLDING LLC 3 8.96% $18,062
CALIBER HOME LOANS, INC. 3 6.58% $14,198
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 8.06% $10,579
Philadelphia Mortgage Advisors, Inc. 2 6.76% $11,545
First National Bank of Pennsylvania 2 6.06% $11,313
FREEDOM MORTGAGE CORPORATION 2 7.25% $7,188
Customers Bank 2 6.38% $4,972
Farmers Bank & Trust 2 6.56% $6,278
Kearny Bank 2 6.50% $4,272
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.87% $7,335
S&T Bank 2 6.19% $6,103
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.19% $4,662
SUCCESS MORTGAGE PARTNERS, INC. 2 6.88% $11,785
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.88% $5,411
HOMESIDE FINANCIAL, LLC 2 6.13% $7,895
LENDING CAPITAL GROUP Inc 2 7.50% $4,949
ADVANCIAL 2 8.88% $7,617
Third Federal Savings and Loan Association of Cleveland 2 6.87% $170
TIDEWATER MORTGAGE SERVICES, INC. 2 6.75% $7,133
FREEDOM CREDIT UNION 2 5.63% $4,615
Ixonia Bank 2 7.56% $9,380
FOUNDATION MORTGAGE CORPORATION 2 8.75% $21,350
NP, Inc. 2 7.25% $7,282
Flagstar Bank, FSB 2 7.56% $20,025
PINNACLE MORTGAGE, INC. 2 7.56% $4,955
GSF Mortgage Corporation 2 7.13% $9,887
PIKE CREEK MORTGAGE SERVICES, INC. 2 7.13% $22,865
NexBank 2 7.06% $10,730
MLD MORTGAGE INC. 2 6.81% $4,527
Provident Bank 2 6.31% $4,978
Columbia Bank 2 7.25% $5,274
SCIENT Federal Credit Union 1 3.25% $2,981
21ST MORTGAGE CORPORATION 1 8.40% $6,115
Sun East Federal Credit Union 1 4.75% $2,773
AmRes Corporation 1 6.13% $4,202
The Ephrata National Bank 1 5.13% $11,626
TOTAL MORTGAGE SERVICES, LLC 1 7.75% $6,340
TOWNE MORTGAGE COMPANY 1 6.88% $7,399
AMERICAN HERITAGE LENDING, INC. 1 7.75% $26,403
Ally Bank 1 7.63% $3,331
EMBRACE HOME LOANS, INC. 1 5.75% $6,275
East Coast Capital Corp. 1 7.38% $8,705
ENVOY MORTGAGE, LTD 1 7.00% $33,938
BENCHMARK Federal Credit Union 1 6.25% $5,079
DIRECT MORTGAGE LOANS, LLC 1 7.50% $9,287
Farm Credit East, ACA 1 7.60% $5,979
FBC MORTGAGE, LLC 1 5.88% $5,641
FEDERATED LENDING CORPORATION 1 6.63% $8,610
Fifth Third Bank 1 6.25% $6,839
FINANCIAL RESOURCES FEDERAL CREDIT UNION 1 5.50% $7,105
First Commonwealth Federal Credit Union 1 5.13% $4,835
FIRST HERITAGE FINANCIAL, LLC 1 4.75% $41,739
Florida Capital Bank 1 7.50% $10,433
FM Home Loans, LLC 1 8.13% $12,252
GLENDENNING MORTGAGE CORPORATION 1 6.63% $7,982
Gold Coast Bank 1 7.75% $17,750
DEEPHAVEN MORTGAGE LLC 1 7.99% $57,015
GREENWAY MORTGAGE FUNDING CORP. 1 6.13% $18,762
GUARANTY HOME MORTGAGE CORPORATION 1 6.38% $16,982
GUILD MORTGAGE COMPANY 1 6.50% $5,512
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 6.63% $16,532
JMAC LENDING, INC. 1 9.88% $7,044
CREDIT UNION OF NEW JERSEY 1 6.63% $3,623
KeyBank 1 6.25% $4,187
Kwik Mortgage Corporation 1 6.63% $4,598
MCLEAN MORTGAGE CORPORATION 1 5.88% $13,175
MDE Home Loans, LLC 1 6.50% $8,850
MEMBER FIRST MORTGAGE, LLC 1 6.38% $4,980
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.50% $8,996
MERCK SHARP & DOHME FEDERAL CREDIT UNION 1 6.75% $11,654
CONTOUR MORTGAGE CORPORATION 1 7.00% $10,210
Commerce Home Mortgage, Inc. 1 8.38% $34,457
Mortgage Research Center, LLC 1 6.38% $6,845
CityWorth Mortgage LLC 1 7.00% $21,449
City National Bank 1 6.18% $8,029
Citizens & Northern Bank 1 6.63% $7,682
CHURCHILL MORTGAGE CORPORATION 1 5.88% $4,130
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.49% $6,576
Century Mortgage Company DBA Century Lending Company 1 6.75% $26,779
NBKC BANK 1 6.38% $3,507
BOND STREET MORTGAGE, LLC 1 6.50% $7,236
Northeast Equitable Mortgage, LLC 1 6.50% $6,427
BNB Bank 1 5.25% $10,734
Northwest Federal Credit Union 1 7.50% $3,675
BETTER MORTGAGE CORPORATION 1 6.00% $7,850
OCMBC, INC. 1 8.63% $8,624
PANORAMA MORTGAGE GROUP, LLC 1 7.88% $6,334
Penn Community Bank 1 5.75% $3,951
BAY EQUITY LLC 1 6.38% $3,183
PENTAGON FEDERAL CREDIT UNION 1 8.00% $16,328
Peoples Security Bank and Trust Company 1 6.50% $4,099
Baxter Credit Union 1 6.38% $4,181
Bank of England 1 6.13% $680
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $22,926
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $4,887
ARC HOME LLC 1 8.75% $7,042
Quaint Oak Mortgage, LLC 1 7.13% $7,307
RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.88% $8,901
Royal Business Bank 1 6.75% $7,685
ROYAL UNITED MORTGAGE LLC 1 7.50% $3,545

OCEAN CITY Average Closing Costs & Other Stats

OCEAN CITY, NJ's 182 lenders originated 3,552 loans during 2023. The total origination value was $1,703,550,000, with an average loan value of $479,603.

OCEAN CITY's average closing costs are $5,895.

The top OCEAN CITY lender as defined by loan originations is Citizens Bank, with 143 loans originated. Their average total fees are $9,289, which is $3,195 higher than the next largest lender, OceanFirst Bank.

The lowest fee OCEAN CITY lenders (with over 10 loans originated) are POLICE & FIRE ($2,940), OceanFirst Bank ($6,095), Advisors Mortgage Group, L.L.C. ($6,211), 1st Colonial Community Bank ($6,533) and TD Bank ($6,575).

The lowest rate OCEAN CITY lenders (with over 10 loans originated) are Citibank (5.45%), Morgan Stanley Private Bank (5.76%), TD Bank (5.97%), UBS Bank USA (5.98%) and Wilmington Savings Fund Society, FSB (6.13%).

OCEAN CITY, NJ 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
Citizens Bank $151,770,000 $173,155,000 14.1% 10.2%
OceanFirst Bank $120,700,000 $82,000,000 -32.1% 4.8%
U.S. Bank $9,465,000 $75,285,000 695.4% 4.4%
TD Bank $99,725,000 $71,675,000 -28.1% 4.2%
Crest Savings Bank $62,230,000 $64,855,000 4.2% 3.8%
PNC Bank $83,215,000 $50,000,000 -39.9% 2.9%
Morgan Stanley Private Bank $54,275,000 $49,610,000 -8.6% 2.9%
Valley National Bank $82,515,000 $47,920,000 -41.9% 2.8%
Sturdy Savings Bank $78,670,000 $45,015,000 -42.8% 2.6%
GUARANTEED RATE, INC. $33,425,000 $42,975,000 28.6% 2.5%
QUICKEN LOANS, LLC $69,935,000 $41,075,000 -41.3% 2.4%
Bank of America $58,690,000 $40,270,000 -31.4% 2.4%
Wells Fargo Bank $132,580,000 $38,045,000 -71.3% 2.2%
JPMorgan Chase Bank $53,425,000 $35,675,000 -33.2% 2.1%
1st Bank of Sea Isle City $48,275,000 $33,590,000 -30.4% 2.0%
Wilmington Savings Fund Society, FSB $49,105,000 $33,515,000 -31.7% 2.0%
CROSSCOUNTRY MORTGAGE, LLC $42,205,000 $33,285,000 -21.1% 2.0%
Citibank $33,505,000 $26,710,000 -20.3% 1.6%
Firstrust Savings Bank $45,155,000 $23,470,000 -48.0% 1.4%
TRUMARK FINANCIAL CREDIT UNION $15,740,000 $22,405,000 42.3% 1.3%
Prosperity Home Mortgage, LLC $53,330,000 $20,305,000 -61.9% 1.2%
1st Colonial Community Bank $24,855,000 $18,775,000 -24.5% 1.1%
UBS Bank USA $22,040,000 $18,470,000 -16.2% 1.1%
PENNYMAC LOAN SERVICES, LLC $8,125,000 $15,520,000 91.0% 0.9%
Mid Penn Bank $8,800,000 $15,305,000 73.9% 0.9%
DRAPER AND KRAMER MORTGAGE CORP. $29,975,000 $14,455,000 -51.8% 0.8%
M&T Bank $22,005,000 $13,645,000 -38.0% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $29,645,000 $13,585,000 -54.2% 0.8%
Advisors Mortgage Group, L.L.C. $42,250,000 $13,160,000 -68.9% 0.8%
RF Renovo Management Company, LLC $4,535,000 $13,135,000 189.6% 0.8%
POLICE & FIRE $19,230,000 $13,070,000 -32.0% 0.8%
Univest Bank and Trust Co. $26,580,000 $11,885,000 -55.3% 0.7%
Goldman Sachs Bank USA $11,945,000 $11,860,000 -0.7% 0.7%
CMG MORTGAGE, INC. $1,605,000 $11,710,000 629.6% 0.7%
Meridian Bank Corporation $9,810,000 $11,115,000 13.3% 0.7%
Fulton Bank $17,175,000 $10,915,000 -36.4% 0.6%
PHILADELPHIA $3,310,000 $10,465,000 216.2% 0.6%
GREENTREE MORTGAGE COMPANY, L.P. $21,195,000 $10,080,000 -52.4% 0.6%
Paramount Residential Mortgage Group, Inc. $6,285,000 $10,040,000 59.7% 0.6%
NFM, INC. $16,175,000 $9,580,000 -40.8% 0.6%
Charles Schwab Bank, SSB $18,285,000 $8,735,000 -52.2% 0.5%
GREYSTONE SERVICING COMPANY LLC $8,285,000 n/a 0.5%
CITADEL FEDERAL CREDIT UNION $4,180,000 $7,470,000 78.7% 0.4%
MOVEMENT MORTGAGE, LLC $19,815,000 $7,265,000 -63.3% 0.4%
Raymond James Bank $16,125,000 $7,210,000 -55.3% 0.4%
First Citizens Community Bank $355,000 $6,810,000 1,818.3% 0.4%
First Resource Bank $1,975,000 $6,380,000 223.0% 0.4%
Webster Bank $1,610,000 $6,305,000 291.6% 0.4%
LOANDEPOT.COM, LLC $21,940,000 $6,280,000 -71.4% 0.4%
The First National Bank of Elmer $6,280,000 n/a 0.4%
NATION ONE MORTGAGE CORPORATION $6,660,000 $6,175,000 -7.3% 0.4%
NAVY FEDERAL CREDIT UNION $4,645,000 $5,925,000 27.6% 0.3%
Truist $14,045,000 $5,905,000 -58.0% 0.3%
First National Bank of Pennsylvania $400,000 $5,780,000 1,345.0% 0.3%
Republic Bank $283,080,000 $5,760,000 -98.0% 0.3%
Mortgage Research Center, LLC $9,555,000 $5,570,000 -41.7% 0.3%
BHCU $2,300,000 $5,255,000 128.5% 0.3%
Huntingdon Valley Bank $14,790,000 $5,160,000 -65.1% 0.3%
EMM LOANS LLC $13,325,000 $4,690,000 -64.8% 0.3%
Flagstar Bank, FSB $3,130,000 $4,515,000 44.2% 0.3%
NJ LENDERS CORP. $2,205,000 $4,275,000 93.9% 0.3%
Northpointe Bank $4,920,000 $4,200,000 -14.6% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,750,000 $4,190,000 -52.1% 0.2%
Princeton Mortgage Corporation $2,045,000 $4,045,000 97.8% 0.2%
First Commonwealth Bank $4,005,000 n/a 0.2%
LIMA ONE CAPITAL, LLC $920,000 $3,940,000 328.3% 0.2%
Commerce Home Mortgage, Inc. $1,075,000 $3,915,000 264.2% 0.2%
ARC HOME LLC $830,000 $3,750,000 351.8% 0.2%
ALLIED MORTGAGE GROUP, INC. $12,205,000 $3,745,000 -69.3% 0.2%
Newfield National Bank $11,565,000 $3,490,000 -69.8% 0.2%
Gateway First Bank $5,055,000 $3,405,000 -32.6% 0.2%
Century Savings Bank $3,375,000 n/a 0.2%
FRANKLIN MINT $4,175,000 $3,370,000 -19.3% 0.2%
DEEPHAVEN MORTGAGE LLC $4,220,000 $3,340,000 -20.9% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $7,665,000 $3,290,000 -57.1% 0.2%
Presidential Bank, FSB $7,680,000 $3,270,000 -57.4% 0.2%
Franklin Bank $3,295,000 $3,265,000 -0.9% 0.2%
S&T Bank $11,220,000 $3,100,000 -72.4% 0.2%
Cornerstone Bank $5,510,000 $3,070,000 -44.3% 0.2%
TEMPLE VIEW CAPITAL FUNDING, LP $3,075,000 $3,025,000 -1.6% 0.2%
CityWorth Mortgage LLC $3,005,000 n/a 0.2%
ESSA Bank & Trust $3,725,000 $2,880,000 -22.7% 0.2%
Penn Community Bank $2,365,000 $2,810,000 18.8% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $7,340,000 $2,775,000 -62.2% 0.2%
JERSEY SHORE FEDERAL CREDIT UNION $2,050,000 $2,760,000 34.6% 0.2%
BROKER SOLUTIONS, INC. $2,280,000 $2,595,000 13.8% 0.2%
Bethpage Federal Credit Union $2,560,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $6,335,000 $2,510,000 -60.4% 0.1%
AMERICAN FEDERAL MORTGAGE CORPORATION $1,820,000 $2,450,000 34.6% 0.1%
Provident Bank $480,000 $2,405,000 401.0% 0.1%
THE BANK OF DELMARVA $2,350,000 n/a 0.1%
FIRST HERITAGE FINANCIAL, LLC $2,325,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $2,820,000 $2,315,000 -17.9% 0.1%
The Loan Store, Inc. $2,305,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $10,270,000 $2,255,000 -78.0% 0.1%
Stifel Bank and Trust $4,020,000 $2,235,000 -44.4% 0.1%
PLAZA HOME MORTGAGE, INC. $515,000 $2,195,000 326.2% 0.1%
AMERICAN HERITAGE FCU $3,925,000 $2,180,000 -44.5% 0.1%
LENDINGHOME FUNDING CORPORATION $2,395,000 $2,090,000 -12.7% 0.1%
Philadelphia Mortgage Advisors, Inc. $9,555,000 $2,075,000 -78.3% 0.1%
NATIONS DIRECT MORTGAGE, LLC $265,000 $2,070,000 681.1% 0.1%
Equity Prime Mortgage LLC $1,610,000 $2,035,000 26.4% 0.1%
KS StateBank $975,000 $2,005,000 105.6% 0.1%
Acre Mortgage and Financial Inc $700,000 $1,985,000 183.6% 0.1%
FOUNDATION MORTGAGE CORPORATION $1,965,000 n/a 0.1%
OCMBC, INC. $545,000 $1,940,000 256.0% 0.1%
CALIBER HOME LOANS, INC. $81,400,000 $1,935,000 -97.6% 0.1%
TOWER $2,110,000 $1,895,000 -10.2% 0.1%
Keystone Funding, Inc. $1,890,000 n/a 0.1%
FREEDOM CREDIT UNION $240,000 $1,860,000 675.0% 0.1%
DHI MORTGAGE COMPANY, LTD. $1,840,000 n/a 0.1%
NEXERA HOLDING LLC $1,835,000 n/a 0.1%
The Gratz Bank $1,005,000 $1,835,000 82.6% 0.1%
GUARANTEED RATE AFFINITY, LLC $2,805,000 $1,815,000 -35.3% 0.1%
State Financial Network, LLC $1,925,000 $1,805,000 -6.2% 0.1%
PENTAGON FEDERAL CREDIT UNION $10,710,000 $1,800,000 -83.2% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $3,330,000 $1,750,000 -47.4% 0.1%
City National Bank $9,965,000 $1,750,000 -82.4% 0.1%
FINANCE OF AMERICA REVERSE LLC $3,530,000 $1,750,000 -50.4% 0.1%
PINNACLE MORTGAGE, INC. $1,395,000 $1,715,000 22.9% 0.1%
Ukrainian Selfreliance Federal Credit Union $385,000 $1,690,000 339.0% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $3,020,000 $1,685,000 -44.2% 0.1%
AMERICAN HERITAGE LENDING, INC. $1,125,000 $1,670,000 48.4% 0.1%
OAKTREE FUNDING CORP. $1,660,000 n/a 0.1%
ABSOLUTE HOME MORTGAGE CORPORATION $2,015,000 $1,630,000 -19.1% 0.1%
Manasquan Bank $225,000 $1,615,000 617.8% 0.1%
Hyperion Bank $1,980,000 $1,600,000 -19.2% 0.1%
NEWREZ LLC $6,915,000 $1,555,000 -77.5% 0.1%
Mortgage America, Inc. $3,945,000 $1,475,000 -62.6% 0.1%
Peoples Security Bank and Trust Company $1,205,000 $1,470,000 22.0% 0.1%
Parke Bank $210,000 $1,435,000 583.3% 0.1%
The Ephrata National Bank $1,425,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $1,350,000 n/a 0.1%
Columbia Bank $25,945,000 $1,325,000 -94.9% 0.1%
Third Federal Savings and Loan Association of Cleveland $1,375,000 $1,275,000 -7.3% 0.1%
Millville Savings Bank $1,265,000 n/a 0.1%
Discover Bank $710,000 $1,260,000 77.5% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,450,000 $1,260,000 -48.6% 0.1%
FM Home Loans, LLC $335,000 $1,230,000 267.2% 0.1%
FINANCIAL RESOURCES FEDERAL CREDIT UNION $1,055,000 $1,205,000 14.2% 0.1%
Farmers Bank & Trust $1,200,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,520,000 $1,170,000 -66.8% 0.1%
GREENWAY MORTGAGE FUNDING CORP. $1,620,000 $1,135,000 -29.9% 0.1%
AMWEST FUNDING CORP. $1,110,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $5,660,000 $1,110,000 -80.4% 0.1%
QNB Bank $5,955,000 $1,105,000 -81.4% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,060,000 n/a 0.1%
PIKE CREEK MORTGAGE SERVICES, INC. $2,535,000 $1,040,000 -59.0% 0.1%
United Savings Bank $970,000 n/a 0.1%
Phoenixville Federal Bank and Trust $960,000 n/a 0.1%
NexBank $950,000 n/a 0.1%
Ardent Federal Credit Union $3,050,000 $935,000 -69.3% 0.1%
Northeast Equitable Mortgage, LLC $285,000 $935,000 228.1% 0.1%
Gold Coast Bank $925,000 n/a 0.1%
MLD MORTGAGE INC. $815,000 $920,000 12.9% 0.1%
The Fidelity Deposit and Discount Bank $75,000 $910,000 1,113.3% 0.1%
PLANET HOME LENDING, LLC $795,000 $905,000 13.8% 0.1%
Ixonia Bank $900,000 n/a 0.1%
SOUTH JERSEY $1,155,000 $895,000 -22.5% 0.1%
Monroe Savings Bank $850,000 n/a 0.0%
DEVELOPER'S MORTGAGE COMPANY $810,000 $845,000 4.3% 0.0%
Lakeland Bank $7,165,000 $845,000 -88.2% 0.0%
The Victory Bank $2,080,000 $845,000 -59.4% 0.0%
CONTOUR MORTGAGE CORPORATION $415,000 $835,000 101.2% 0.0%
First National Bank of America $550,000 $830,000 50.9% 0.0%
American Mortgage & Equity Consultants, Inc. $815,000 n/a 0.0%
Farm Credit East, ACA $1,455,000 $785,000 -46.0% 0.0%
HOMEXPRESS MORTGAGE CORP. $165,000 $785,000 375.8% 0.0%
USAA Federal Savings Bank $1,105,000 $765,000 -30.8% 0.0%
BAY EQUITY LLC $315,000 $760,000 141.3% 0.0%
TOTAL MORTGAGE SERVICES, LLC $195,000 $735,000 276.9% 0.0%
EMBRACE HOME LOANS, INC. $1,005,000 $725,000 -27.9% 0.0%
ENVOY MORTGAGE, LTD $2,105,000 $725,000 -65.6% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $725,000 n/a 0.0%
NVE Bank $715,000 n/a 0.0%
MEMBERS 1ST FEDERAL CREDIT UNION $705,000 n/a 0.0%
GSF Mortgage Corporation $285,000 $700,000 145.6% 0.0%
Diamond Credit Union $645,000 $695,000 7.8% 0.0%
MERCK SHARP & DOHME FEDERAL CREDIT UNION $1,055,000 $690,000 -34.6% 0.0%
Kearny Bank $3,340,000 $680,000 -79.6% 0.0%
FIRST CREDIT CORPORATION OF NEW YORK, INC. $360,000 $665,000 84.7% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,330,000 $655,000 -50.8% 0.0%
First National Bank of Absecon $640,000 n/a 0.0%
NBKC BANK $790,000 $640,000 -19.0% 0.0%
21ST MORTGAGE CORPORATION $530,000 $615,000 16.0% 0.0%
William Penn Bank $615,000 n/a 0.0%
Customers Bank $610,000 n/a 0.0%
Figure Lending LLC $245,000 $610,000 149.0% 0.0%
First Commonwealth Federal Credit Union $610,000 n/a 0.0%
Haddon Savings Bank $400,000 $585,000 46.3% 0.0%
TIDEWATER MORTGAGE SERVICES, INC. $495,000 $570,000 15.2% 0.0%
ConnectOne Bank $565,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $555,000 n/a 0.0%
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. $125,000 $545,000 336.0% 0.0%
KeyBank $9,150,000 $540,000 -94.1% 0.0%
LENDING CAPITAL GROUP Inc $370,000 $530,000 43.2% 0.0%
Citizens & Northern Bank $2,805,000 $525,000 -81.3% 0.0%
PHH Mortgage Corporation $1,940,000 $525,000 -72.9% 0.0%
LAKEVIEW LOAN SERVICING, LLC $3,395,000 $520,000 -84.7% 0.0%
OPEN MORTGAGE, LLC $510,000 n/a 0.0%
BCB Community Bank $505,000 n/a 0.0%
USAlliance Federal Credit Union $955,000 $505,000 -47.1% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $665,000 $500,000 -24.8% 0.0%
BNB Bank $495,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $835,000 $495,000 -40.7% 0.0%
HighTechLending Inc $485,000 n/a 0.0%
CREDIT UNION OF NEW JERSEY $405,000 $480,000 18.5% 0.0%
TRIAD FINANCIAL SERVICES, INC. $675,000 $465,000 -31.1% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $345,000 $460,000 33.3% 0.0%
CIBM Bank $455,000 n/a 0.0%
RESIDENTIAL HOME MORTGAGE CORPORATION $625,000 $455,000 -27.2% 0.0%
The Central Trust Bank $455,000 n/a 0.0%
US MORTGAGE CORPORATION $1,505,000 $455,000 -69.8% 0.0%
MCLEAN MORTGAGE CORPORATION $4,250,000 $445,000 -89.5% 0.0%
HOMESIDE FINANCIAL, LLC $1,730,000 $430,000 -75.1% 0.0%
Logan Finance Corporation $2,260,000 $425,000 -81.2% 0.0%
ADVANCIAL $635,000 $415,000 -34.6% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $1,210,000 $415,000 -65.7% 0.0%
Sun East Federal Credit Union $600,000 $415,000 -30.8% 0.0%
Ally Bank $2,640,000 $405,000 -84.7% 0.0%
Jonestown Bank and Trust Company, of Jonestown, Pennsylvania $405,000 n/a 0.0%
Plains Commerce Bank $155,000 $405,000 161.3% 0.0%
ALL REVERSE MORTGAGE, INC. $1,090,000 $395,000 -63.8% 0.0%
Florida Capital Bank $1,315,000 $395,000 -70.0% 0.0%
Peapack-Gladstone Bank $1,105,000 $395,000 -64.3% 0.0%
The Federal Savings Bank $355,000 $395,000 11.3% 0.0%
FEDERATED LENDING CORPORATION $1,385,000 $385,000 -72.2% 0.0%
GLENDENNING MORTGAGE CORPORATION $225,000 $385,000 71.1% 0.0%
NP, Inc. $370,000 n/a 0.0%
Hometown Equity Mortgage, LLC $165,000 $365,000 121.2% 0.0%
MDE Home Loans, LLC $365,000 n/a 0.0%
MORTGAGE ACCESS CORP. $1,110,000 $360,000 -67.6% 0.0%
First Bank $1,170,000 $355,000 -69.7% 0.0%
T2 FINANCIAL LLC $3,100,000 $355,000 -88.5% 0.0%
ABCO Federal Credit Union $285,000 $345,000 21.1% 0.0%
Baxter Credit Union $385,000 $335,000 -13.0% 0.0%
BOND STREET MORTGAGE, LLC $335,000 n/a 0.0%
Cornerstone First Mortgage, Inc $335,000 n/a 0.0%
East Coast Capital Corp. $375,000 $335,000 -10.7% 0.0%
GTE Federal Credit Union $325,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $4,140,000 $325,000 -92.1% 0.0%
WINGS FINANCIAL $315,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $305,000 n/a 0.0%
DIRECT MORTGAGE LOANS, LLC $265,000 $295,000 11.3% 0.0%
Fifth Third Bank $295,000 n/a 0.0%
Carrington Mortgage Services, LLC $1,690,000 $290,000 -82.8% 0.0%
LAFAYETTE FEDERAL CREDIT UNION $275,000 n/a 0.0%
JMAC LENDING, INC. $265,000 n/a 0.0%
Kwik Mortgage Corporation $1,245,000 $265,000 -78.7% 0.0%
NEW DAY FINANCIAL, LLC $1,750,000 $265,000 -84.9% 0.0%
FEDERATED MORTGAGE CORP. $255,000 n/a 0.0%
AmRes Corporation $2,390,000 $245,000 -89.7% 0.0%
Northwest Federal Credit Union $245,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $235,000 n/a 0.0%
PANORAMA MORTGAGE GROUP, LLC $425,000 $235,000 -44.7% 0.0%
Quaint Oak Mortgage, LLC $2,940,000 $235,000 -92.0% 0.0%
Regions Bank $235,000 n/a 0.0%
Royal Business Bank $235,000 n/a 0.0%
Bank of England $315,000 $225,000 -28.6% 0.0%
SCIENT Federal Credit Union $225,000 n/a 0.0%
LOANPAL, LLC $215,000 n/a 0.0%
Nations Lending Corporation $1,095,000 $215,000 -80.4% 0.0%
Sharon Bank $215,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $205,000 n/a 0.0%
FBC MORTGAGE, LLC $495,000 $195,000 -60.6% 0.0%
SOUTHWEST STAGE FUNDING, LLC $195,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $185,000 n/a 0.0%
WALL STREET MORTGAGE BANKERS, LTD. $615,000 $185,000 -69.9% 0.0%
ALLIANT CREDIT UNION $310,000 $175,000 -43.5% 0.0%
York Traditions Bank $165,000 $175,000 6.1% 0.0%
Citadel Servicing Corporation $1,920,000 $155,000 -91.9% 0.0%
LENDINGONE, LLC $960,000 $155,000 -83.9% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,015,000 $155,000 -92.3% 0.0%
Centier Bank $65,000 $150,000 130.8% 0.0%
BETTER MORTGAGE CORPORATION $5,135,000 $145,000 -97.2% 0.0%
BENCHMARK Federal Credit Union $1,885,000 $135,000 -92.8% 0.0%
ROYAL UNITED MORTGAGE LLC $130,000 n/a 0.0%
GUILD MORTGAGE COMPANY $2,100,000 $125,000 -94.0% 0.0%
A&D Mortgage LLC $205,000 $115,000 -43.9% 0.0%
CHERRY CREEK MORTGAGE, LLC $1,685,000 $115,000 -93.2% 0.0%
GREENWOOD $115,000 n/a 0.0%
Schuyler Savings Bank $115,000 n/a 0.0%
CHEVRON $105,000 n/a 0.0%
Northfield Bank $585,000 $105,000 -82.1% 0.0%
Connexus Credit Union $95,000 n/a 0.0%
Pennsville National Bank $85,000 n/a 0.0%
Signature Federal Credit Union $85,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $690,000 $65,000 -90.6% 0.0%
First Financial Federal Credit Union $55,000 n/a 0.0%
First National Bank and Trust Company of Newtown $55,000 n/a 0.0%
MERCK EMPLOYEES FEDERAL CREDIT UNION $55,000 n/a 0.0%
NORRISTOWN BELL $35,000 n/a 0.0%
SPRING EQ, LLC $1,125,000 $35,000 -96.9% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

OCEAN CITY's top lender by overall market share is Citizens Bank, with 10.2% market share. In second place, with 4.8%, is OceanFirst Bank, having originated $82,000,000 in loans. In third place, with 4.4%, is U.S. Bank, having originated $75,285,000 in loans. In fourth place, with 4.2%, is TD Bank, having originated $71,675,000 in loans. In fifth place, with 3.8%, is Crest Savings Bank, having originated $64,855,000 in loans.

OCEAN CITY, NJ Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
8202 Ocean City, NJ MSA $1,160 $1,310 $1,720 $2,130 $2,310
8204 Ocean City, NJ MSA $1,020 $1,150 $1,510 $1,870 $2,030
8210 Ocean City, NJ MSA $1,170 $1,320 $1,740 $2,160 $2,340
8212 Ocean City, NJ MSA $1,190 $1,360 $1,800 $2,230 $2,430
8214 Ocean City, NJ MSA $1,050 $1,180 $1,550 $1,920 $2,080
8218 Ocean City, NJ MSA $1,050 $1,180 $1,550 $1,920 $2,080
8219 Ocean City, NJ MSA $1,050 $1,180 $1,550 $1,920 $2,080
8223 Ocean City, NJ MSA $1,230 $1,380 $1,820 $2,260 $2,440
8226 Ocean City, NJ MSA $1,150 $1,290 $1,700 $2,110 $2,280
8230 Ocean City, NJ MSA $1,010 $1,140 $1,500 $1,860 $2,020
8242 Ocean City, NJ MSA $970 $1,090 $1,440 $1,790 $1,930
8243 Ocean City, NJ MSA $1,300 $1,470 $1,930 $2,400 $2,590
8245 Ocean City, NJ MSA $1,050 $1,180 $1,550 $1,920 $2,080
8246 Ocean City, NJ MSA $1,170 $1,320 $1,740 $2,160 $2,340
8247 Ocean City, NJ MSA $1,130 $1,270 $1,670 $2,070 $2,240
8248 Ocean City, NJ MSA $1,240 $1,400 $1,840 $2,280 $2,460
8250 Ocean City, NJ MSA $1,050 $1,180 $1,550 $1,920 $2,080
8251 Ocean City, NJ MSA $1,110 $1,250 $1,640 $2,040 $2,200
8252 Ocean City, NJ MSA $1,050 $1,180 $1,550 $1,920 $2,080
8260 Ocean City, NJ MSA $900 $1,020 $1,340 $1,660 $1,800
8270 Ocean City, NJ MSA $1,000 $1,130 $1,480 $1,870 $2,020
8314 Ocean City, NJ MSA $1,090 $1,140 $1,470 $1,940 $2,080

2022 Average & Median Rent Data Statistics
OCEAN CITY, NJ average 1BR rent: $1,233, median: $1,180
OCEAN CITY, NJ average 2BR rent: $1,620, median: $1,550
OCEAN CITY, NJ average 3BR rent: $2,016, median: $1,930

OCEAN CITY, NJ Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,079 $1,277,885,000 $614,663
Home Improvement 471 $96,225,000 $204,299
Other 386 $111,160,000 $287,979
Cash Out Refi 366 $106,100,000 $289,891
Refi 250 $112,180,000 $448,720

Ocean City's most frequently cited loan purpose was Home Purchase, with 2,079 originations. The 2nd most popular reason was Home Improvement, with 471 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,042 $525,080,000 $503,916
7-8% 836 $340,900,000 $407,775
Over 8% 613 $180,585,000 $294,592
5-6% 518 $374,180,000 $722,355
4-5% 69 $76,655,000 $1,110,942
2.5-3% 17 $3,495,000 $205,588
<2.5% 15 $2,465,000 $164,333
3-4% 7 $2,965,000 $423,571

During 2023, Ocean City's most frequently originated rate bucket was 6-7%, with 1,042 originations.

Loan Sizing (OCEAN CITY, NJ MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,079 $309,305,000 $286,659
$400k-600k 599 $289,025,000 $482,513
$100k-200k 585 $84,765,000 $144,897
$100,000 or less 513 $28,405,000 $55,370
$600k-1000k 409 $305,775,000 $747,616
$Over $1MM 367 $686,275,000 $1,869,959

OCEAN CITY's loan sizing saw the bucket of loans from $200k-400k with 1,079 originations, totaling $309,305,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 961 $652,915,000 $679,412
Under 20% 607 $79,395,000 $130,799
80-100% 596 $346,640,000 $581,611
20-40% 500 $158,060,000 $316,120
40-60% 431 $267,555,000 $620,777
Over 100% 11 $5,345,000 $485,909

OCEAN CITY's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 961 originations, totaling $652,915,000 in origination value.