New Jersey Mortgage Rates (2026)
Current average mortgage rates, median home prices, and top lenders in New Jersey. Rates apply to primary residence purchases with good credit (740+).
30yr Fixed
6.97%
Avg APR
15yr Fixed
6.37%
Avg APR
Median Price
$490,000
Median home
Monthly P&I
$2,613
30yr at 80% LTV
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Top Mortgage Lenders in New Jersey
1
Get RateRocket Mortgage
Online convenience
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
2
Get RateChase
Existing customers
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
3
Get RateWells Fargo
Branch access
30yr Fixed
7.1%
15yr Fixed
6.5%
Min Down
3%
4
Get RateBank of America
Preferred Rewards
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
5
Get RateloanDepot
Low down payment
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
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First-Time Buyer Programs in New Jersey
- ✓NJHMFA First-Time Homebuyer Mortgage
- ✓NJHMFA Down Payment Assistance
- ✓Smart Start Loan
Mortgage Requirements in New Jersey
- •Min 640 credit score for NJHMFA programs
- •Income and purchase price limits by county
- •Homebuyer education required
New Jersey Housing Market Facts
New Jersey has the highest property taxes in the US (2.47% avg).
NYC commuter belt drives premium pricing in North Jersey.
NJHMFA Smart Start provides $15,000 DPA at 0% interest, 5-year forgivable.
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