Who has low 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 Chief Data ScientistLenders with low rates in NJ
We’ve analyzed the rates lenders actually gave to buyers for the last three years and found 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 Chief Data ScientistLenders in NJ likely to have high rates
We don’t accept advertising, so TrueRate can give the real lender story. We looked at many lenders and 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 Chief Data ScientistTrueRate 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?
Well, good news—interest rates are actually looking better! After a few years of “seriously, what is happening?!” they’ve started to improve in 2024 and are expected to get even friendlier into 2025. Yeah, it’s not like we’re back to those insanely low rates from the pandemic, but hey, things are finally trending in the right direction.
If you’re a first-time buyer, this is your time to shine. Yes, rates still have a little bite, but with them coming down, your monthly payments won’t feel as heavy as they did last year. Plus, there are still plenty of FHA loans and first-time homebuyer programs to make your life easier in NJ. You can get into a home without having to sell a kidney. And let’s be honest, that’s a win!
As for Jersey real estate, it can definitely be a little pricey—especially if you’re eyeing spots close to NYC. But if you’re willing to look a little further out, you can snag a great deal in areas where prices aren’t as wild. Think more space, a backyard, and a house you can actually enjoy. Your dog will thank you for the upgrade.