Best mortgage lenders in New Jersey
No lender is best for everyone, so this page ranks New Jersey lenders on what federal records can measure: who makes the most loans here, who leads for FHA and VA, and what their New Jersey borrowers paid. All figures are 2025 HMDA data; no lender pays to be listed.
Who leads for what in New Jersey
"Most loans" and "Largest average loan" are among the 15 lenders with the most New Jersey originations in 2025 (the latter counts lenders with at least 300 loans in the state); FHA and VA leaders count every lender's home-purchase loans.
The 15 lenders that made the most home loans in New Jersey
| # | Lender | Type | Loans | FHA | VA | Avg loan | Approval* |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | Nonbank lender | 12,035 | 10.0% | 3.3% | $309,503 | 82.0% |
| 2 | CrossCountry Mortgage | Nonbank lender | 7,558 | 17.1% | 3.3% | $456,634 | 92.3% |
| 3 | Citizens | Bank | 7,208 | 0.3% | 0.1% | $322,331 | 67.3% |
| 4 | United Wholesale Mortgage | Nonbank lender | 7,084 | 21.0% | 8.4% | $457,744 | 81.4% |
| 5 | TD Bank | Bank | 6,695 | 0.2% | 0.0% | $342,655 | 67.1% |
| 6 | PNC Bank | Bank | 5,755 | 0.3% | 0.0% | $230,487 | 65.7% |
| 7 | Bank of America | Bank | 5,136 | 0.2% | 0.0% | $338,872 | 58.0% |
| 8 | Guaranteed Rate (Rate) | Nonbank lender | 4,826 | 10.2% | 3.2% | $471,987 | 91.0% |
| 9 | loanDepot | Nonbank lender | 4,334 | 12.0% | 2.4% | $400,932 | 81.3% |
| 10 | Chase | Bank | 3,325 | 1.1% | 0.5% | $587,893 | 84.8% |
| 11 | PennyMac | Nonbank lender | 3,144 | 23.8% | 5.6% | $384,106 | 79.4% |
| 12 | CMG Home Loans | Nonbank lender | 2,257 | 19.0% | 4.0% | $397,716 | 89.3% |
| 13 | Police & Fire | — | 2,136 | 0.0% | 0.0% | $127,289 | 63.4% |
| 14 | OceanFirst Bank, National Association | — | 2,071 | 1.9% | 0.9% | $408,500 | 88.4% |
| 15 | Newrez | Nonbank lender | 1,951 | 14.2% | 6.3% | $312,888 | 57.1% |
Source: 2025 HMDA originations, FFIEC/CFPB. FHA/VA = share of each lender's New Jersey loans. *Approval = originated ÷ (originated + denied); it mirrors a lender's channel and borrower mix, not how hard it is to qualify.
Also among the 25 lenders with the most HMDA filings here: AmeriHome Mortgage Company, LLC, Mr. Cooper, Freedom Mortgage, Spring Eq, LLC, Coastal Community Bank, New American Funding, Figure Lending LLC, Navy Federal Credit Union, Wells Fargo, Discover Bank.
FHA lenders in New Jersey
9,722 FHA home-purchase loans were made in New Jersey in 2025 by 229 lenders. The typical FHA buyer here paid $14,740 in loan costs, including the 1.75% upfront mortgage insurance premium, at a median rate of 6.375%. The ten lenders that made the most:
| # | Lender | FHA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | CrossCountry Mortgage | 903 | 9.3% | $15,424 | +0.65 |
| 2 | United Wholesale Mortgage | 660 | 6.8% | $17,052 | +0.49 |
| 3 | Nation One Mortgage Corporation | 472 | 4.9% | $19,713 | +0.59 |
| 4 | Guaranteed Rate (Rate) | 403 | 4.1% | $13,494 | +0.51 |
| 5 | Paramount Residential Mortgage Group, Inc. | 402 | 4.1% | $16,395 | +0.58 |
| 6 | Absolute Home Mortgage Corporation | 364 | 3.7% | $14,365 | +0.73 |
| 7 | CMG Home Loans | 357 | 3.7% | $15,392 | +0.54 |
| 8 | Affordable Mortgage Advisors, LLC. | 351 | 3.6% | $10,745 | +0.60 |
| 9 | American Neighborhood Mortgage Acceptance Company LLC | 315 | 3.2% | $15,554 | +0.66 |
| 10 | Advisors Mortgage Group, L.L.C. | 262 | 2.7% | $12,380 | +0.42 |
| All New Jersey FHA buyers | 9,722 | 100% | $14,740 | +0.56 |
Among them, Affordable Mortgage Advisors, LLC. had the lowest median loan costs ($10,745) and Nation One Mortgage Corporation the highest ($19,713) — $8,968 apart on similar loans, which is why a second Loan Estimate is worth getting.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien FHA home purchases in New Jersey. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. How these figures are built.
VA lenders in New Jersey
2,745 VA home-purchase loans were made in New Jersey in 2025 by 163 lenders. The typical VA buyer here paid $8,379 in loan costs (including the VA funding fee for borrowers who owe it) at a median rate of 6.25%. The ten lenders that made the most:
| # | Lender | VA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | Veterans United | 622 | 22.7% | $8,336 | −0.28 |
| 2 | CrossCountry Mortgage | 180 | 6.6% | $8,638 | −0.12 |
| 3 | Navy Federal Credit Union | 145 | 5.3% | $5,547 | −0.61 |
| 4 | United Wholesale Mortgage | 140 | 5.1% | $7,331 | −0.40 |
| 5 | Guaranteed Rate (Rate) | 135 | 4.9% | $6,252 | −0.36 |
| 6 | Affordable Mortgage Advisors, LLC. | 82 | 3.0% | $6,440 | −0.13 |
| 7 | CMG Home Loans | 68 | 2.5% | $9,982 | −0.25 |
| 8 | USAA | 65 | 2.4% | $7,075 | −0.25 |
| 9 | Rocket Mortgage | 61 | 2.2% | $9,921 | −0.35 |
| 10 | Nation One Mortgage Corporation | 58 | 2.1% | $15,523 | +0.08 |
| All New Jersey VA buyers | 2,745 | 100% | $8,379 | −0.28 |
Among them, Navy Federal Credit Union had the lowest median loan costs ($5,547) and Nation One Mortgage Corporation the highest ($15,523) — $9,976 apart, though VA costs also depend on how many of a lender's borrowers are exempt from the funding fee.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien VA home purchases in New Jersey. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. Data notes and limits.
How concentrated is the New Jersey market?
868 institutions reported New Jersey home-loan records for 2025 — the 20th-most of any state. The single most active lender accounts for 5.0% of all records and the top five for 20.0%, the 10th-least concentrated market of 51. With volume spread across many lenders, there is plenty of room to shop beyond the biggest names.
How to choose a lender in New Jersey
New Jersey borrowers took FHA loans 10.2% of the time and VA loans 3.1% (U.S. 13.2% and 8.2%). Buying near $832,750 or above? 12 New Jersey counties have a higher conforming limit, so check which side of the jumbo line your county puts you on before comparing quotes.
Get Loan Estimates from three or more lenders in the same two-week window (one credit inquiry) and compare APRs. For down-payment help, ask whether they are approved for NJHMFA's NJHMFA Down Payment Assistance — only participating lenders can offer them (terms and sources).
New Jersey checks: DOBI licensing and NJHMFA lenders
New Jersey’s Department of Banking and Insurance (DOBI) runs a licensee search for the people and companies it licenses — it doesn’t cover banks or credit unions — and points to NMLS Consumer Access for residential mortgage lenders and loan originators. Complaints go through DOBI’s consumer assistance page.
NJHMFA’s down-payment assistance has to be paired with its own first mortgage — a 30-year fixed FHA, VA or USDA loan originated through a participating lender. Its Find a Lender page will match you with up to three participating lenders in your area, or you can download the full list.
New Jersey’s FHA market belongs to mortgage companies
None of the five banks among New Jersey’s 15 most active lenders — Citizens, TD Bank, PNC Bank, Bank of America and Chase — made the top ten for FHA home purchases in 2025. Four of those ten are New Jersey-based mortgage companies: Nation One Mortgage (Marlton, 3rd), Absolute Home Mortgage (Fairfield, 6th), American Neighborhood Mortgage Acceptance Company (Mount Laurel, 9th) and Advisors Mortgage Group (Ocean, 10th). If you’re buying with FHA, get at least one quote from outside the big banks.
| Lender | Based in | Type | Rank | 2025 records | FHA purchase rank |
|---|---|---|---|---|---|
| Nation One Mortgage | Marlton, NJ | Nonbank lender | — | — | 3 |
| Absolute Home Mortgage | Fairfield, NJ | Nonbank lender | — | — | 6 |
| American Neighborhood Mortgage Acceptance Company | Mount Laurel, NJ | Nonbank lender | — | — | 9 |
| Advisors Mortgage Group | Ocean, NJ | Nonbank lender | — | — | 10 |
Rank = position among the 25 lenders with the most New Jersey HMDA records in 2025; FHA purchase rank = position among the ten biggest New Jersey FHA home-purchase lenders in 2025; "—" = outside those lists. Headquarters from our lender profiles or the lender's GLEIF legal-entity record (linked).
Facts in the New Jersey sections above were checked October 18, 2026 against these sources: NJ DOBI; DOBI licensee search; DOBI consumer assistance; NJHMFA — find a lender; NJHMFA — homebuyer programs. Agency lender lists, program terms and rules change often — confirm with the agency or lender before you rely on them.
New Jersey lender FAQ
Who is the biggest mortgage lender in New Jersey?
By 2025 federal HMDA data, Rocket Mortgage originated the most home loans in New Jersey — about 12,035, or 6.8% of the state's originations.
Which lender makes the most FHA loans in New Jersey?
CrossCountry Mortgage made the most FHA home-purchase loans in New Jersey in 2025 — 903, or 9.3% of the 9,722 FHA purchases made by 229 lenders. United Wholesale Mortgage (660) was second.
Which lender makes the most VA loans in New Jersey?
Veterans United made the most VA home-purchase loans in New Jersey in 2025 (622, 22.7% of the state's VA purchases). VA loans were 3.1% of New Jersey originations, the 3rd-lowest VA share among the states.
How much are closing costs on an FHA loan in New Jersey?
The typical New Jersey FHA buyer in 2025 paid $14,740 in total loan costs on a median $395,000 loan — lender fees, required third-party services and the 1.75% upfront mortgage insurance premium, per the Closing Disclosure.
That figure excludes recording taxes, prepaid interest and insurance, escrow deposits and the down payment.
What is the $10,000 grant for first-time home buyers in NJ?
New Jersey’s statewide program isn’t a flat $10,000 grant: NJHMFA’s Down Payment Assistance Program gives qualified first-time buyers up to $15,000, depending on the county, as an interest-free second loan with no monthly payment that is forgiven after five years.
First-generation buyers can add $7,000 through NJHMFA’s First Generation program, for $17,000 to $22,000 in total. It must be used with an NJHMFA 30-year fixed FHA, VA or USDA first mortgage from a participating lender, and income and purchase-price limits apply.
Rankings are editorial and independent, built from public federal data — no lender pays to be listed. This is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
All lenders