New Jersey Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in New Jersey averaged
6.01%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.13% and
one month ago for the week of 2023-04-20, the
average rate was 5.83%.
New Jersey's average rate one year ago was 4.89%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| New Jersey 30 Year Fixed Rate | 2023-05-25 | 6.01% |
| New Jersey 30 Year Fixed Rate Refi | 2023-05-25 | 5.19% |
| New Jersey 15 Year Fixed Rate | 2023-05-25 | 5.32% |
| New Jersey 15 Year Fixed Rate Refi | 2023-05-25 | 4.63% |
| New Jersey 30 Year FHA | 2023-05-25 | 6.16% |
| New Jersey 30 Year FHA Refi | 2023-05-25 | 5.02% |
| New Jersey 30 Year USDA | 2023-05-25 | 5.99% |
| New Jersey 30 Year USDA Refi | 2023-05-25 | 6.53% |
| New Jersey 30 Year VA | 2023-05-25 | 5.82% |
| New Jersey 30 Year VA Refi | 2023-05-25 | 4.19% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New Jersey.
New Jersey 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 Jersey 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.).
New Jersey Average Closing Costs & Other Stats
New Jersey's 525 lenders originated 202,129
loans during 2022. The total origination value was $79,605,155,000, with an average loan value of
$393,833.
New Jersey's average closing costs are $6,462.
The top New Jersey lender as defined by loan originations is QUICKEN LOANS, LLC, with
6,409 loans originated. Their average total fees are
$7,851, which is $965
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee New Jersey lenders (with over 10 loans originated) are
Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($1,046), SIRVA MORTGAGE, INC. ($1,062), PREMIA MORTGAGE, LLC ($1,519) and Third Federal Savings and Loan Association of Cleveland ($1,980).
The lowest rate New Jersey lenders (with over 10 loans originated) are
People's United Bank (2.88%), RSI BANK (3.04%), STEARNS LENDING, LLC (3.11%), Investors Bank (3.12%) and Actors Federal Credit Union (3.13%).
New Jersey 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $9,775,820,000 | $3,369,575,000 | -65.5% | 4.2% |
| Wells Fargo Bank | $5,938,380,000 | $2,840,940,000 | -52.2% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,245,665,000 | $2,544,205,000 | -40.1% | 3.2% |
| PNC Bank | $2,299,950,000 | $2,540,235,000 | 10.4% | 3.2% |
| LOANDEPOT.COM, LLC | $6,182,915,000 | $2,171,200,000 | -64.9% | 2.7% |
| Citizens Bank | $1,886,720,000 | $2,077,985,000 | 10.1% | 2.6% |
| TD Bank | $2,043,190,000 | $2,000,935,000 | -2.1% | 2.5% |
| JPMorgan Chase Bank | $4,310,470,000 | $1,963,730,000 | -54.4% | 2.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,216,995,000 | $1,921,340,000 | -40.3% | 2.4% |
| Bank of America | $3,334,505,000 | $1,917,325,000 | -42.5% | 2.4% |
| GUARANTEED RATE, INC. | $3,195,905,000 | $1,746,925,000 | -45.3% | 2.2% |
| NJ LENDERS CORP. | $4,522,575,000 | $1,456,365,000 | -67.8% | 1.8% |
| Valley National Bank | $1,542,450,000 | $1,428,500,000 | -7.4% | 1.8% |
| Columbia Bank | $1,274,815,000 | $1,304,780,000 | 2.4% | 1.6% |
| Flagstar Bank, FSB | $443,200,000 | $1,228,570,000 | 177.2% | 1.5% |
| Lakeland Bank | $674,990,000 | $973,605,000 | 44.2% | 1.2% |
| U.S. Bank | $1,374,570,000 | $938,420,000 | -31.7% | 1.2% |
| CALIBER HOME LOANS, INC. | $2,071,720,000 | $922,515,000 | -55.5% | 1.2% |
| Advisors Mortgage Group, L.L.C. | $1,909,870,000 | $901,215,000 | -52.8% | 1.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,453,195,000 | $880,355,000 | -39.4% | 1.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,387,350,000 | $843,595,000 | -39.2% | 1.1% |
| Citibank | $835,225,000 | $830,080,000 | -0.6% | 1.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $1,049,745,000 | $742,185,000 | -29.3% | 0.9% |
| OceanFirst Bank | $793,370,000 | $729,855,000 | -8.0% | 0.9% |
| Kearny Bank | $750,380,000 | $706,350,000 | -5.9% | 0.9% |
| HOME POINT FINANCIAL CORPORATION | $2,240,880,000 | $674,390,000 | -69.9% | 0.8% |
| GUARANTEED RATE AFFINITY, LLC | $1,204,255,000 | $634,745,000 | -47.3% | 0.8% |
| The Northwestern Mutual Life Insurance Company | $632,295,000 | n/a | 0.8% | |
| Morgan Stanley Private Bank | $612,880,000 | $608,420,000 | -0.7% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $1,749,970,000 | $603,105,000 | -65.5% | 0.8% |
| GREENTREE MORTGAGE COMPANY, L.P. | $1,075,165,000 | $571,400,000 | -46.9% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $810,545,000 | $570,640,000 | -29.6% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,173,700,000 | $560,505,000 | -52.2% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,518,995,000 | $553,055,000 | -63.6% | 0.7% |
| First Republic Bank | $393,475,000 | $547,025,000 | 39.0% | 0.7% |
| Northpointe Bank | $575,760,000 | $527,905,000 | -8.3% | 0.7% |
| Republic Bank | $494,740,000 | $523,890,000 | 5.9% | 0.7% |
| Prosperity Home Mortgage, LLC | $825,265,000 | $509,685,000 | -38.2% | 0.6% |
| GREYSTONE SERVICING COMPANY LLC | $415,220,000 | $507,490,000 | 22.2% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $1,414,340,000 | $490,135,000 | -65.3% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $740,540,000 | $449,795,000 | -39.3% | 0.6% |
| M&T Bank | $563,690,000 | $436,085,000 | -22.6% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $2,471,260,000 | $428,025,000 | -82.7% | 0.5% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $78,715,000 | $424,125,000 | 438.8% | 0.5% |
| FM Home Loans, LLC | $850,950,000 | $417,905,000 | -50.9% | 0.5% |
| Fulton Bank | $486,705,000 | $415,320,000 | -14.7% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,187,495,000 | $406,925,000 | -65.7% | 0.5% |
| BETTER MORTGAGE CORPORATION | $2,303,230,000 | $400,820,000 | -82.6% | 0.5% |
| Webster Bank | $126,660,000 | $386,330,000 | 205.0% | 0.5% |
| Signature Bank | $184,785,000 | $381,685,000 | 106.6% | 0.5% |
| Manasquan Bank | $308,195,000 | $375,275,000 | 21.8% | 0.5% |
| Santander Bank, N.A. | $1,014,300,000 | $374,825,000 | -63.0% | 0.5% |
| Investors Bank | $1,747,530,000 | $371,795,000 | -78.7% | 0.5% |
| ConnectOne Bank | $811,500,000 | $370,390,000 | -54.4% | 0.5% |
| MORTGAGE ACCESS CORP. | $744,525,000 | $366,170,000 | -50.8% | 0.5% |
| VISIONS | $212,585,000 | $358,080,000 | 68.4% | 0.4% |
| NEWREZ LLC | $1,838,990,000 | $342,085,000 | -81.4% | 0.4% |
| Provident Bank | $346,745,000 | $331,510,000 | -4.4% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $492,550,000 | $328,430,000 | -33.3% | 0.4% |
| NFM, INC. | $338,250,000 | $325,620,000 | -3.7% | 0.4% |
| Unity Bank | $338,170,000 | $319,230,000 | -5.6% | 0.4% |
| Truist | $137,860,000 | $317,170,000 | 130.1% | 0.4% |
| Mortgage Research Center, LLC | $474,560,000 | $311,095,000 | -34.4% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $387,330,000 | $307,890,000 | -20.5% | 0.4% |
| Spencer Savings Bank, SLA | $370,050,000 | $301,335,000 | -18.6% | 0.4% |
| Northfield Bank | $413,475,000 | $298,185,000 | -27.9% | 0.4% |
| PGIM Real Estate Finance, LLC | $296,330,000 | n/a | 0.4% | |
| AFFINITY | $407,765,000 | $293,370,000 | -28.1% | 0.4% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $188,990,000 | $290,390,000 | 53.7% | 0.4% |
| Peapack-Gladstone Bank | $411,090,000 | $288,635,000 | -29.8% | 0.4% |
| Gateway First Bank | $609,200,000 | $284,725,000 | -53.3% | 0.4% |
| BOND STREET MORTGAGE, LLC | $654,900,000 | $280,005,000 | -57.2% | 0.4% |
| Equity Prime Mortgage LLC | $480,495,000 | $241,400,000 | -49.8% | 0.3% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $384,300,000 | $239,535,000 | -37.7% | 0.3% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $684,235,000 | $237,020,000 | -65.4% | 0.3% |
| MLB RESIDENTIAL LENDING, LLC | $386,390,000 | $228,170,000 | -40.9% | 0.3% |
| POLICE & FIRE | $464,745,000 | $223,305,000 | -52.0% | 0.3% |
| EMBRACE HOME LOANS, INC. | $355,355,000 | $221,440,000 | -37.7% | 0.3% |
| NVR Mortgage Finance, Inc. | $178,140,000 | $211,380,000 | 18.7% | 0.3% |
| Haven Savings Bank | $195,570,000 | $209,450,000 | 7.1% | 0.3% |
| NATION ONE MORTGAGE CORPORATION | $248,355,000 | $209,320,000 | -15.7% | 0.3% |
| Blue Foundry Bank | $93,010,000 | $208,055,000 | 123.7% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $274,605,000 | $205,185,000 | -25.3% | 0.3% |
| DHI MORTGAGE COMPANY, LTD. | $178,800,000 | $200,120,000 | 11.9% | 0.3% |
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | $340,180,000 | $198,865,000 | -41.5% | 0.2% |
| ARK MORTGAGE, INC. | $312,230,000 | $198,285,000 | -36.5% | 0.2% |
| City National Bank | $81,830,000 | $197,115,000 | 140.9% | 0.2% |
| The Federal Savings Bank | $394,470,000 | $194,905,000 | -50.6% | 0.2% |
| ALLIED MORTGAGE GROUP, INC. | $394,310,000 | $188,235,000 | -52.3% | 0.2% |
| UBS Bank USA | $233,680,000 | $185,245,000 | -20.7% | 0.2% |
| KeyBank | $211,100,000 | $184,670,000 | -12.5% | 0.2% |
| BROKER SOLUTIONS, INC. | $374,125,000 | $181,135,000 | -51.6% | 0.2% |
| Prudential Huntoon Paige Associates, LLC | $176,120,000 | n/a | 0.2% | |
| BNB Bank | $12,435,000 | $172,085,000 | 1,283.9% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $190,785,000 | $167,815,000 | -12.0% | 0.2% |
| BCB Community Bank | $123,440,000 | $165,500,000 | 34.1% | 0.2% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $208,770,000 | $164,945,000 | -21.0% | 0.2% |
| 1st Colonial Community Bank | $226,565,000 | $164,150,000 | -27.5% | 0.2% |
| MILLENIUM HOME MORTGAGE, LLC | $332,210,000 | $153,115,000 | -53.9% | 0.2% |
| UNION HOME MORTGAGE CORP. | $151,485,000 | $149,525,000 | -1.3% | 0.2% |
| Univest Bank and Trust Co. | $131,915,000 | $148,155,000 | 12.3% | 0.2% |
| EMM LOANS LLC | $216,565,000 | $147,865,000 | -31.7% | 0.2% |
| GREYSTONE FUNDING COMPANY LLC | $147,750,000 | n/a | 0.2% | |
| Bethpage Federal Credit Union | $71,235,000 | $147,385,000 | 106.9% | 0.2% |
| PINNACLE MORTGAGE, INC. | $408,135,000 | $147,315,000 | -63.9% | 0.2% |
| WALKER & DUNLOP, LLC | $257,840,000 | $146,020,000 | -43.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $485,650,000 | $145,410,000 | -70.1% | 0.2% |
| Commerce Home Mortgage, Inc. | $9,135,000 | $143,995,000 | 1,476.3% | 0.2% |
| Kwik Mortgage Corporation | $421,120,000 | $143,745,000 | -65.9% | 0.2% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $482,880,000 | $142,665,000 | -70.5% | 0.2% |
| EAGLE HOME MORTGAGE, LLC | $114,090,000 | $139,840,000 | 22.6% | 0.2% |
| Wilmington Savings Fund Society, FSB | $200,180,000 | $139,825,000 | -30.2% | 0.2% |
| ARC HOME LLC | $364,985,000 | $138,775,000 | -62.0% | 0.2% |
| DRAPER AND KRAMER MORTGAGE CORP. | $357,415,000 | $138,355,000 | -61.3% | 0.2% |
| MLD MORTGAGE INC. | $658,150,000 | $137,485,000 | -79.1% | 0.2% |
| Raymond James Bank | $43,735,000 | $131,510,000 | 200.7% | 0.2% |
| Carrington Mortgage Services, LLC | $297,415,000 | $130,495,000 | -56.1% | 0.2% |
| UNITED MORTGAGE CORP. | $336,535,000 | $127,495,000 | -62.1% | 0.2% |
| United Nations Federal Credit Union | $84,115,000 | $125,370,000 | 49.0% | 0.2% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $124,770,000 | n/a | 0.2% | |
| Firstrust Savings Bank | $74,325,000 | $123,740,000 | 66.5% | 0.2% |
| Nations Lending Corporation | $313,965,000 | $122,810,000 | -60.9% | 0.2% |
| Capital One | $1,204,450,000 | $122,590,000 | -89.8% | 0.2% |
| Charles Schwab Bank, SSB | $201,725,000 | $121,980,000 | -39.5% | 0.2% |
| Acre Mortgage and Financial Inc | $129,180,000 | $121,115,000 | -6.2% | 0.2% |
| Freedom Bank | $53,370,000 | $117,455,000 | 120.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $76,100,000 | $116,555,000 | 53.2% | 0.1% |
| M&T Realty Capital Corporation | $342,235,000 | $116,475,000 | -66.0% | 0.1% |
| Arbor Realty Trust, Inc. | $651,140,000 | $114,860,000 | -82.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $284,980,000 | $112,630,000 | -60.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $209,350,000 | $112,475,000 | -46.3% | 0.1% |
| RCN Capital, LLC | $104,360,000 | $112,170,000 | 7.5% | 0.1% |
| PULTE MORTGAGE LLC | $114,455,000 | $111,725,000 | -2.4% | 0.1% |
| Plains Commerce Bank | $485,800,000 | $110,845,000 | -77.2% | 0.1% |
| CMG MORTGAGE, INC. | $145,475,000 | $110,420,000 | -24.1% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $73,090,000 | $109,760,000 | 50.2% | 0.1% |
| A&D Mortgage LLC | $103,390,000 | $107,860,000 | 4.3% | 0.1% |
| Customers Bank | $49,560,000 | $106,430,000 | 114.7% | 0.1% |
| USAlliance Federal Credit Union | $63,055,000 | $103,665,000 | 64.4% | 0.1% |
| GREENWAY MORTGAGE FUNDING CORP. | $240,675,000 | $102,260,000 | -57.5% | 0.1% |
| Quontic Bank | $138,675,000 | $102,040,000 | -26.4% | 0.1% |
| The Huntington National Bank | $164,245,000 | $99,840,000 | -39.2% | 0.1% |
| ENVOY MORTGAGE, LTD | $193,080,000 | $97,790,000 | -49.4% | 0.1% |
| Ally Bank | $355,280,000 | $93,925,000 | -73.6% | 0.1% |
| Peoples Security Bank and Trust Company | $58,045,000 | $93,730,000 | 61.5% | 0.1% |
| Regions Bank | $93,395,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $187,650,000 | $91,585,000 | -51.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $160,465,000 | $90,680,000 | -43.5% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $81,815,000 | $88,115,000 | 7.7% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $150,635,000 | $86,885,000 | -42.3% | 0.1% |
| RF Renovo Management Company, LLC | $37,940,000 | $83,935,000 | 121.2% | 0.1% |
| SPRING EQ, LLC | $72,065,000 | $83,655,000 | 16.1% | 0.1% |
| Sturdy Savings Bank | $66,165,000 | $82,395,000 | 24.5% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $106,560,000 | $81,880,000 | -23.2% | 0.1% |
| Stifel Bank and Trust | $157,735,000 | $81,755,000 | -48.2% | 0.1% |
| READYCAP COMMERCIAL, LLC | $10,985,000 | $81,520,000 | 642.1% | 0.1% |
| DIGITAL Federal Credit Union | $42,755,000 | $81,175,000 | 89.9% | 0.1% |
| Discover Bank | $55,725,000 | $81,150,000 | 45.6% | 0.1% |
| RESIDENTIAL HOME FUNDING CORP. | $157,110,000 | $80,715,000 | -48.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $326,110,000 | $80,585,000 | -75.3% | 0.1% |
| NBKC BANK | $167,160,000 | $79,800,000 | -52.3% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $110,665,000 | $79,775,000 | -27.9% | 0.1% |
| Hanover Community Bank | $1,005,000 | $78,875,000 | 7,748.3% | 0.1% |
| PHH Mortgage Corporation | $146,775,000 | $77,655,000 | -47.1% | 0.1% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $80,750,000 | $76,135,000 | -5.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $160,655,000 | $74,835,000 | -53.4% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $201,110,000 | $73,200,000 | -63.6% | 0.1% |
| USAA Federal Savings Bank | $139,075,000 | $72,440,000 | -47.9% | 0.1% |
| TRUMARK FINANCIAL CREDIT UNION | $60,405,000 | $71,950,000 | 19.1% | 0.1% |
| Meridian Bank Corporation | $131,690,000 | $70,905,000 | -46.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $186,285,000 | $69,340,000 | -62.8% | 0.1% |
| TBI MORTGAGE COMPANY | $67,155,000 | $67,455,000 | 0.4% | 0.1% |
| Hometown Equity Mortgage, LLC | $57,515,000 | $67,005,000 | 16.5% | 0.1% |
| Figure Lending LLC | $31,395,000 | $66,495,000 | 111.8% | 0.1% |
| Crest Savings Bank | $65,500,000 | $62,835,000 | -4.1% | 0.1% |
| US MORTGAGE CORPORATION | $107,900,000 | $62,420,000 | -42.2% | 0.1% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $9,940,000 | $62,005,000 | 523.8% | 0.1% |
| First Home Bank | $178,725,000 | $61,915,000 | -65.4% | 0.1% |
| First Horizon Bank | $36,800,000 | $61,335,000 | 66.7% | 0.1% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $133,990,000 | $60,945,000 | -54.5% | 0.1% |
| FINANCIAL RESOURCES FEDERAL CREDIT UNION | $49,905,000 | $60,540,000 | 21.3% | 0.1% |