New Jersey Mortgage Rates & NJ Homebuyer / Homeowner ResourcesConsidering buying or refinancing a home in New Jersey? If so you've found the right place. Our resources will help you learn about New Jersey home loans and our helpful list of specific NJ Mortgage Refinancing Resources & services is specifically tailored for our state. Having some knowledge of how mortgage loans work wherever you live in New Jersey can help you select a home and keep it for years to come. Whether you're looking for a Jersey City new home loan or a Trenton mortgage refinance, it pays to do your homework.
Also compare competing quotes from our lender database of reputable New Jersey mortgage lenders by filling the form to the right. For most of us, buying a home is the largest investment we'll make in our lives, so take the time to speak to different lenders and see what offers are available to you. Getting several competing quotes and getting the best offer can save you thousands over the course of your loan.
Getting Your First NJ Mortgage Loan
When buying your first home, you may be surprised at the complexity of home loans and the process of getting one. Community home buyer programs are designed to help first time buyers learn about mortgage options, household budgeting, and qualifying for an affordable mortgage loan. Find
a list of HUD-approved New Jersey agencies here and learn about the services they provide (including home buyer / home owner education).
After completing an educational program, you may be eligible for subsidized rates on a home loan, and/or down payment assistance. These programs work with local lenders and can be a great way to get into your first home with affordable rates and payments.
Resources for New Jersey Homeowners
If you're a NJ homeowner wishing to refinance your mortgage, or looking for information on home equity financing, there are resources for you, too. Even if your lender provides you with an attractive quote, compare offers since you may be eligible for a lower rate or better terms, and this could possibly be good leverage to use in speaking with your current lender.
If your home is worth less than you owe, it won't qualify for traditional refinance programs. Help may be available through federal and local loan modification and refinance programs designed to help owners keep their homes . If your mortgage lender cannot refinance your mortgage, ask if someone can refer you to an appropriate program, or use this list to find the help you need.
If you're facing foreclosure, beware of scams designed to separate you from your money and your home. Don't fall for unsolicited offers of help; you can start getting information for legitimate assistance programs through the US Department of Housing & Urban Development's New Jersey Site.
National and Local Help Available
New Jersey residents can also select from national resources including The US Department of Housing and Urban Development and the Veterans Administration. These agencies provide information on home loan programs and links to local resources for home buyers and homeowners.
Also, please make use of our loan calculators which include a refinance calculator, a mortgage loan rate comparison calculator, and an amortization calculator & amortization chart. There's also a mortgage calculator to tell you your monthly payments, and an affordability calculator that looks as how much you can spend, and your expenses to show you how much home you can afford.
