Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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New Jersey Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $247,854 $155,000 $205,000 $305,000
Property Values $400,014 $225,000 $345,000 $490,000
Average LTV 67.9%
Percent Refinance 87.1%
Pct of Refis Cashout 10.9%

New Jersey Mortgage Rates

If you aren't comfortable with the language of mortgage loans, locating the best rate in New Jersey can be challenging. If you don't know that a low payment amount can sometimes mean only a minimal reduction in your debt balance, you could end up spending way too much. Likewise, if you aren't aware that the APR allows you to compare mortgages that have different closing costs, you might be mislead by a stated rate. Most people aren't mortgage industry experts. That's why Mortgageloan.com has assembled the resources necessary to make mortgage and refinance decisions easier. All the tools that you need to find, understand, and evaluate mortgages is here, from mortgage calculators to a broker directory to a large selection of informative articles. Somewhere between the glitz of Atlantic City to the serenity of the sandy shoreline, New Jersey has the lifestyle you want. Your ideal mortgage is out there too, and Mortgageloan.com will help you find it.

Quicken Loans

4.473%APR

Rates as of: 4/18/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.125%
  • 4.375%
  • 4.500%
  • 4.375%
  • 4.500%
  • 4.625%
  • 4.625%
  • 4.473%
  • 4.608%
  • 4.668%
  • 4.520%
  • 4.677%
  • 4.709%
  • 4.707%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.875%
  • 1.125%
  • 0.875%
  • 0.000%
  • 0.000%
  • 0.000%
  • $994
  • $1,024
  • $1,039
  • $1,024
  • $1,039
  • $1,054
  • $1,054

Capital One

4.454%APR

Rates as of: 4/18/2014 30 Yr. Fixed
  • Saving just makes sense. Get $1000 Off Closing Costs.
  • Get a customized quote in minutes.
  • Free 60-day rate lock and no application fee
Show Phone number

Call Now: 855-238-8771

Rate APR Term Point Payment
  • 4.250%
  • 4.375%
  • 4.500%
  • 4.454%
  • 4.493%
  • 4.533%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $1,008
  • $1,024
  • $1,039

Discover

4.358%APR

Rates as of: 4/17/2014 30 Yr. Fixed
  • Competitive rates and no hidden fees
  • One dedicated mortgage banker from first call to closing
  • Simple, straightforward process
Show Phone number

Call Now: 855-882-9568

Rate APR Term Point Payment
  • 4.125%
  • 4.250%
  • 4.375%
  • 4.500%
  • 4.625%
  • 4.750%
  • 4.358%
  • 4.397%
  • 4.469%
  • 4.531%
  • 4.613%
  • 4.727%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.375%
  • -0.375%
  • -0.875%
  • -1.000%
  • $994
  • $1,008
  • $1,024
  • $1,039
  • $1,054
  • $1,069

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for New Jersey

This Rate Map for the state of New Jersey shows the rates that individual borrowers were able to obtain on refinanced and home purchase mortgages. Each balloon represents a single mortgage – click on them to see what kind of rates borrowers are getting in your area.

Use the options in the column at left to sort your choices by location and credit score. Individual balloons also feature information on loan size, loan-to-value ratio, loan type, lender and more.

If you recently obtained or refinanced a mortgage and would like to anonymously share information about the terms you were able to get, just click on “Share Your Rate” above the map. Your fellow borrowers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Home Equity Loans

Home equity loans are used to convert home equity into borrowed cash. These loans are structured with a fixed payment and pay-off schedule. Home equity loan rates in New Jersey will generally be higher than refinance rates. There are situations, however, where it makes sense to pay the higher rate rather than refinance your home. An example would be if you want to pay off the equity debt in 15 years, rather than rolling it into a 30-year refinance.

ARMs

Adjustable-rate mortgages (ARMs) are ideal for the New Jersey borrower who's short on buying power now, but expects an income increase in the future. ARMs start out with a low fixed rate, which later switches to a variable one. The initial rate usually lasts for one, three, or five years. After that time, the rate is regularly adjusted to move with a specified financial index.

Comparing Mortgages

You'll benefit greatly by clarifying your goals and objectives before meeting with lenders. Some items to consider are:

  • Your budget. You may not know how much you can afford until you have a working knowledge of how the different loan types work. Mortgage calculators are extremely useful in this regard; use them to run the numbers on various mortgage types, loan amounts, and interest rates. If necessary, review how the rates for different loan types compare.
  • Your timeline. How long you plan to own the home could determine which loan type is right for you. The same goes for any foreseeable changes in your financial situation.

Be prepared to consult with several different New Jersey lenders, because that's the best way to ensure that you get a good rate. You can find the contact information for qualified New Jersey lenders here. The next steps are to schedule your meetings, talk with prospective lenders, submit your loan applications, and wait for your loan offers. Then choose the most affordable and suitable option, and get ready for your closing.