New Jersey VA Loan Rates, Closing Costs & Stats

New Jersey

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    New Jersey VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in New Jersey averaged 7.12% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    New Jersey's average VA mortgage closing costs are $7,975.

    The average rate for the prior week (2025-05-16) was 7% and one month ago for the week of 2025-04-18, the average rate was 7.07%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.85%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    New Jersey VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the New Jersey level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 682 6.29% $9,275
    UNITED WHOLESALE MORTGAGE, LLC 377 5.93% $10,909
    QUICKEN LOANS, LLC 272 6.02% $12,873
    FREEDOM MORTGAGE CORPORATION 264 6.23% $11,852
    CROSSCOUNTRY MORTGAGE, LLC 193 6.42% $12,517
    NAVY FEDERAL CREDIT UNION 176 5.89% $7,899
    NEW DAY FINANCIAL, LLC 116 7.56% $15,772
    PENNYMAC LOAN SERVICES, LLC 105 5.80% $11,227
    VILLAGE CAPITAL MORTGAGE 105 5.67% $9,324
    LOANDEPOT.COM, LLC 98 6.04% $14,021
    GUARANTEED RATE, INC. 92 6.06% $8,836
    The Federal Savings Bank 76 6.20% $21,373
    NFM, INC. 76 6.25% $10,231
    USAA Federal Savings Bank 68 6.14% $9,072
    NEWREZ LLC 68 6.29% $13,370
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 67 6.38% $9,699
    CMG MORTGAGE, INC. 63 6.47% $11,460
    GREENTREE MORTGAGE COMPANY, L.P. 58 6.31% $10,817
    NATION ONE MORTGAGE CORPORATION 45 6.62% $9,728
    Prosperity Home Mortgage, LLC 44 6.29% $10,196
    MOVEMENT MORTGAGE, LLC 42 6.54% $12,792
    NJ LENDERS CORP. 41 6.28% $11,131
    ABSOLUTE HOME MORTGAGE CORPORATION 38 6.57% $12,541
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 6.51% $11,635
    PLANET HOME LENDING, LLC 37 5.72% $5,105
    Advisors Mortgage Group, L.L.C. 35 6.49% $8,997
    EMM LOANS LLC 35 6.35% $12,027
    DHI MORTGAGE COMPANY, LTD. 32 6.34% $12,843
    Paramount Residential Mortgage Group, Inc. 30 6.57% $11,527
    CLEARPATH LENDING 29 5.68% $9,921
    MUTUAL OF OMAHA MORTGAGE, INC. 28 6.30% $20,500
    Mr. Cooper ( Nationstar Mortgage ) 28 6.25% $13,805
    UNION HOME MORTGAGE CORP. 24 6.52% $10,420
    NVR Mortgage Finance, Inc. 24 6.11% $9,896
    First Federal Bank 24 5.79% $11,525
    GUARANTEED RATE AFFINITY, LLC 23 6.06% $8,421
    MORTGAGE ACCESS CORP. 23 6.08% $11,515
    Barrington Bank & Trust Company, N.A. 22 6.41% $7,179
    NBKC BANK 19 5.99% $8,741
    LAKEVIEW LOAN SERVICING, LLC 19 5.66% $7,063
    BROKER SOLUTIONS, INC. 19 6.34% $16,867
    Carrington Mortgage Services, LLC 18 6.02% $13,549
    PENTAGON FEDERAL CREDIT UNION 18 5.97% $6,881
    Magnolia Bank 18 5.92% $19,495
    Acre Mortgage and Financial Inc 17 6.78% $12,462
    CARDINAL FINANCIAL 16 6.58% $12,607
    Flagstar Bank, FSB 16 6.14% $12,734
    AFFORDABLE MORTGAGE ADVISORS, LLC. 15 6.29% $10,291
    BOND STREET MORTGAGE, LLC 14 6.38% $11,130
    SUCCESS MORTGAGE PARTNERS, INC. 14 6.59% $17,824
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 6.21% $10,552
    JPMorgan Chase Bank 14 6.17% $7,917
    Lakeview Community Capital, LLC 13 5.75% $9,406
    AMERICAN FINANCIAL NETWORK, INC. 13 6.56% $12,757
    Equity Prime Mortgage LLC 12 6.91% $14,270
    Citizens Bank 12 6.20% $7,318
    PANORAMA MORTGAGE GROUP, LLC 11 6.27% $11,647
    Wells Fargo Bank 11 6.11% $10,222
    U.S. Bank 11 6.52% $8,745
    Gateway First Bank 11 6.31% $8,970
    ALLIED MORTGAGE GROUP, INC. 11 6.43% $15,040
    EMBRACE HOME LOANS, INC. 11 6.18% $9,234
    AMERISAVE MORTGAGE CORPORATION 10 5.85% $22,421
    1st Colonial Community Bank 10 6.59% $8,684
    Plains Commerce Bank 10 6.51% $15,084
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.06% $6,531
    LOANPAL, LLC 9 5.78% $14,998
    Cornerstone First Mortgage, Inc 9 6.15% $15,076
    PHH Mortgage Corporation 8 5.79% $4,481
    Century Mortgage Company DBA Century Lending Company 8 6.19% $10,489
    PLAZA HOME MORTGAGE, INC. 8 6.29% $18,017
    SUN WEST MORTGAGE COMPANY, INC. 8 6.29% $11,869
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 6.34% $7,608
    NATIONWIDE MORTGAGE BANKERS, INC. 7 6.66% $19,958
    Meridian Bank Corporation 7 6.29% $8,168
    AmeriHome Mortgage Company, LLC 7 6.05% $12,006
    OceanFirst Bank 7 5.91% $9,339
    Nations Lending Corporation 6 6.13% $13,901
    Princeton Mortgage Corporation 6 5.77% $13,623
    NATIONS DIRECT MORTGAGE, LLC 6 6.54% $15,855
    PINNACLE MORTGAGE, INC. 6 6.41% $13,210
    FIRST ALLIANCE HOME MORTGAGE, LLC 6 6.27% $17,557
    BAY EQUITY LLC 5 6.50% $8,075
    NETWORK CAPITAL FUNDING CORPORATION 5 6.43% $17,966
    CONTOUR MORTGAGE CORPORATION 5 6.45% $18,393
    Credence Funding Corporation 5 5.55% $5,407
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 5 6.35% $7,654
    UNITED MORTGAGE CORP 5 6.70% $17,478
    GREENWAY MORTGAGE FUNDING CORP. 4 6.53% $11,074
    GoPrime Mortgage, Inc. 4 5.66% $10,183
    HOMESIDE FINANCIAL, LLC 4 6.16% $19,690
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.47% $9,787
    Fulton Bank 4 6.31% $14,495
    Armed Forces Bank 4 5.66% $9,005
    VERITAS FUNDING, LLC 4 6.12% $22,777
    MLB RESIDENTIAL LENDING, LLC 4 7.09% $12,669
    Texana Bank 4 6.34% $16,387
    Sunflower Bank 4 5.74% $12,704
    RELIANCE FIRST CAPITAL, LLC 4 6.31% $10,032
    AMERICAN FINANCING CORPORATION 4 5.81% $16,828
    PREMIA MORTGAGE, LLC 4 6.08% $8,339
    NORWICH COMMERCIAL GROUP, INC. 3 6.21% $10,148
    Bank of America 3 6.25% $11,441
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.08% $14,261
    Ixonia Bank 3 6.88% $31,853
    ATLANTIS MORTGAGE CO., INC. 3 6.08% $17,908
    GENEVA FINANCIAL, LLC 3 7.04% $16,291
    JMAC LENDING, INC. 3 6.38% $16,697
    HomePromise Corporation 3 6.92% $11,473
    EAGLE HOME MORTGAGE, LLC 3 6.50% $5,236
    The Huntington National Bank 3 6.00% $3,624
    CLIFFCO, INC. 2 6.69% $9,220
    CHURCHILL MORTGAGE CORPORATION 2 6.56% $9,433
    North American Savings Bank, F.S.B. 2 5.88% $9,196
    PLUS RELOCATION MORTGAGE, LLC 2 6.75% $6,926
    GUILD MORTGAGE COMPANY 2 6.38% $8,764
    First Citizens Community Bank 2 6.25% $4,305
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.25% $3,792
    OCEANSIDE MORTGAGE COMPANY 2 6.25% $1,427
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $13,339
    LADERA LENDING, INC. 2 7.25% $14,047
    US MORTGAGE CORPORATION 2 6.50% $12,881
    Truist 2 6.00% $5,517
    The Loan Store, Inc. 2 6.00% $6,315
    M&T Bank 2 6.38% $6,220
    The Central Trust Bank 2 5.75% $6,473
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 2 7.68% $14,145
    Presidential Bank, FSB 2 6.50% $7,368
    Goldwater Bank, N.A. 2 6.50% $5,451
    GSF Mortgage Corporation 2 6.63% $5,820
    ROYAL UNITED MORTGAGE LLC 2 5.88% $10,543
    ZILLOW HOME LOANS, LLC 1 6.25% $4,566
    1ST PRIORITY MORTGAGE, INC. 1 6.63% $9,899
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 5.75% $2,956
    AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $3,719
    American Mortgage & Equity Consultants, Inc. 1 6.12% $27,363
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $11,664
    Ameris Bank 1 6.63% $5,773
    Bank of England 1 7.25% $3,517
    BETTER MORTGAGE CORPORATION 1 6.25% $15,446
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $2,833
    Capital Bank 1 5.63% $7,520
    Columbia Bank 1 6.75% $11,348
    DEVELOPER'S MORTGAGE COMPANY 1 5.75% $26,894
    East Coast Capital Corp. 1 5.75% $25,192
    Evolve Bank & Trust 1 6.25% $4,610
    FIRST COLONY MORTGAGE CORPORATION 1 5.25% $5,292
    FIRST HERITAGE FINANCIAL, LLC 1 6.49% $7,446
    FIRST HOME MORTGAGE CORPORATION 1 6.75% $7,457
    FIRST WORLD MORTGAGE CORPORATION 1 6.13% $16,467
    Florida Capital Bank 1 6.25% $5,003
    GLENDENNING MORTGAGE CORPORATION 1 6.75% $25,991
    Home Mortgage Alliance Corp 1 7.25% $10,114
    INTELLILOAN, INC. 1 6.75% $1,486
    Keystone Funding, Inc. 1 6.63% $4,676
    Kwik Mortgage Corporation 1 6.25% $16,430
    LIBERTY HOME MORTGAGE CORPORATION 1 6.88% $20,882
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $22,134
    Mid Penn Bank 1 6.75% $19,148
    MORIA DEVELOPMENT, INC. 1 7.25% $7,915
    NEW FED MORTGAGE, CORP. 1 6.75% $12,908
    NORTHPOINT MORTGAGE, INC. 1 6.25% $6,557
    OCMBC, INC. 1 7.13% $13,868
    Philadelphia Mortgage Advisors, Inc. 1 6.00% $3,499
    PIKE CREEK MORTGAGE SERVICES, INC. 1 6.75% $10,126
    PNC Bank 1 6.13% $10,444
    Provident Bank 1 6.25% $4,577
    Quaint Oak Mortgage, LLC 1 6.75% $11,686
    RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.13% $4,908
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $6,910
    SIRVA MORTGAGE, INC. 1 6.13% $175
    T2 FINANCIAL LLC 1 6.13% $20,618
    TD Bank 1 6.63% $5,677
    TJC Mortgage, Inc. 1 7.25% $9,645
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $9,010
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.75% $10,667
    Valley National Bank 1 5.99% $9,243
    VAN DYK MORTGAGE CORPORATION 1 6.88% $0
    Vellum Mortgage, Inc. 1 6.25% $6,905

    The top New Jersey VA lender as defined by loan originations is Mortgage Research Center, LLC, with 682 VA loans originated. Their average total fees are $9,275, which is $1,634 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee New Jersey VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($5,105), PENTAGON FEDERAL CREDIT UNION ($6,881), LAKEVIEW LOAN SERVICING, LLC ($7,063), Barrington Bank & Trust Company, N.A. ($7,179) and Citizens Bank ($7,318).

    The lowest rate New Jersey VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (5.66%), VILLAGE CAPITAL MORTGAGE (5.67%), CLEARPATH LENDING (5.68%), PLANET HOME LENDING, LLC (5.72%) and Lakeview Community Capital, LLC (5.75%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.