NJ Lenders Corp is a regional mortgage lender with a focus on New Jersey and surrounding states. They offer a full range of loan products and aim to provide a personalized, clear approach to home financing.
See today’s mortgage interest rates on TrueRate.
How NJ Lenders Corp compares to other lenders
| Headquarters | Little Falls, New Jersey |
| Website | njlenders.com |
| Rate | 0.13% lower than the median rate |
| Lender fees | $1,275 (median) |
| Savings after 1 year, compared to the median interest rate | $786 |
| Savings after 10 years, compared to the median interest rate | $4,512 |
| Added cost after 1 year (vs. Tomo Mortgage) | $1,792 |
| Added cost 10 years (vs. Tomo Mortgage) | $6,672 |
For a $400,000 mortgage, NJ Lenders Corp’s rates—about 0.13% lower than the market median—and $1,275 in lender fees would result in estimated savings of approximately $786 in the first year and about $4,512 over 10 years compared to the median lender.
What customers are saying
Customer reviews of NJ Lenders Corp’s mortgage services, as seen on platforms like Zillow, Yelp, BBB, and Reddit, are positive with occasional negative feedback. NJ Lenders Corp is highly praised for its competitive mortgage rates and wide range of loan products, including FHA, VA, USDA loans, jumbo loans, renovation loans, and reverse mortgages. Borrowers appreciated the professionalism and responsiveness of loan officers.
Many first-time homebuyers highlighted the ease of working with NJ Lenders Corp, commending loan officers for their patience and detailed explanations. Reviews frequently mention smooth transactions for both home purchases and refinancing. The company’s digital tools, such as its smartphone app powered by SimpleNexus, were also appreciated for simplifying the process.
Some borrowers reported frustrations with communication gaps during critical stages of the mortgage process or delays in closing. A few reviews mentioned dissatisfaction with rate lock agreements or unexpected changes in terms close to closing.
How to compare mortgage lenders
Interest rates. Comparing rates between lenders isn’t always straightforward. Many promote low headline rates that require paying “points” upfront to buy down the interest rate. To make a true comparison, focus on the par rate (0 points) and the APR, which reflects both the interest rate and any lender fees. Even small differences can translate into significant savings over the life of the loan.
Lender fees or loan origination fees. Many lenders charge fees that add thousands to the cost of a loan. It’s important to look at both the rate and the fees together to understand the true cost of borrowing. For a $400,000 mortgage, avoiding even a $1,000 fee could contribute to meaningful savings in the first year and over the long term.
On-time close rate. Most lenders do not publicly share their on-time close rates. However, it’s a critical factor—especially if your home contract has tight deadlines. Asking about their process for meeting close dates, including underwriting and document review timelines, can give you more confidence when choosing a lender.
Pre-approval and offer letters. Some lenders offer fast pre-qualifications that may not be fully underwritten, which can weaken your offer in competitive markets. It’s important to ask whether a lender’s pre-approvals are fully underwritten and how credible their letters are when presented with an offer.
Customer satisfaction. If detailed customer review data isn’t readily available, check third-party review sites or ask the lender for references. It’s important to understand how they handle communication, responsiveness, and issue resolution throughout the loan process.
Employee reviews. Company culture often influences how clients are treated. A lender with strong employee satisfaction typically delivers better service, more organized processing, and a smoother overall experience for borrowers.
To better understand how we compare mortgage rates fairly, see our TrueRate Methodology.
If you’re ready to start your journey to homeownership, get pre-approved with Tomo Mortgage today.