Looking for the best NJ mortgage rates can feel like throwing a dart and hoping it happens to hit the bullseye. Some factors that affect your rates are universal (credit score, loan term, etc.), but there are just as many that change as often as the wind. Instead of looking for the most competitive rates on your own, let a professional lender like Poli Mortgage help!
Here are a few of the ways we can help you through the process of buying a home (and get you the best mortgage rates) in New Jersey.
Poli Finds the Best NJ Mortgage Rates for Your Situation
Putting a number on the best NJ mortgage rates is one thing; knowing how to find them is another. You can have a great credit score and still struggle to find the right NJ mortgage rates for your needs.
We’ll help you identify the right mortgage program for your upcoming purchase based on your situation. Different NJ mortgages offer different rates, so we’ve outlined a few of the most popular programs and how their rates differ from one another.* The following results are based on an average-priced New Jersey home ($350,000), a credit score of approximately 700, and a 20% down payment.
- A 30-year fixed-rate mortgage in New Jersey will yield rates between 2.75% and 3.5%, amounting to monthly payments of approximately $1,200.
- A 20-year fixed-rate mortgage in New Jersey will yield rates between 2.75% and 3.5%, amounting to monthly payments of approximately $1,500.
- A 15-year fixed-rate mortgage in New Jersey will yield rates between 2.125% and 2.9%, amounting to monthly payments of approximately $2,000.
Adjustable-rate mortgages are trickier to predict since they fluctuate so often. As of Fall 2020, however, the average mortgage rate for an ARM program in New Jersey is between 3.1% and 3.34%.
We’re an Experienced NJ Mortgage Lender
Philadelphia Magazine says, “Local lenders know the market in your area better than anyone else. That means they have a better understanding of property values and the local economy.” When you work with a lender that knows the area, you can be confident that you’ll be “paired with a licensed loan officer and team of professionals who are experts in the region you’re buying into.”
Poli Mortgage has nearly twenty years of experience in the mortgage and real estate industry. We’re uniquely situated to help home buyers of all backgrounds find the best mortgages rates in New Jersey—and across the entire eastern seaboard.
Working with Poli Mortgage means having an experienced loan officer at your side for every step of the home buying process. You have questions about mortgage programs or rates, and we have the answers. Poli is committed to making the mortgage loan application and closing process unfold as conveniently and affordably as possible.
Get in touch with us today and start tracking down the best NJ mortgage rates today!