Who has the best mortgage rates in New Jersey?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in NJ
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
| Lender | Lender fees |
|---|
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in NJ likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 60 lenders and found that these lenders are likely to offer you a high rate.
| Lender | Lender fees |
|---|
Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in NJ
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Buying a house in New Jersey?
There’s good news for homebuyers—interest rates are finally improving. After several years of uncertainty and sharp increases, rates began to decline in 2024 and are expected to continue trending downward into 2025. While we’re not back to the record-low rates seen during the pandemic, the current direction is a positive one.
For first-time buyers, this could be the perfect opportunity to enter the market. Although rates are still somewhat elevated, they’re far more manageable than they were a year ago, which means monthly mortgage payments may feel less burdensome. New Jersey also offers a range of FHA loans and first-time homebuyer programs that can help reduce upfront costs and make homeownership more accessible.
Real estate prices in New Jersey can be high—especially in areas close to New York City—but there are still affordable options. If you’re open to living a bit farther from the city, you may find homes with more space, yards, and an overall better quality of life. For many buyers, the extra commute is worth the added comfort and value.
In short, New Jersey’s housing market offers challenges, but also real opportunities. With improving rates and the right homebuyer support programs, now may be a great time to make your move.