Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Current New Jersey Mortgage Rates & the Surrounding Area
Current rates from Northfield Bank include a 30 Year Fixed Rate Affordable Mortgage at 5.250% (APR 5.304%). Dime Community Bank is offering a 30 Year Fixed - Affordable Housing Program in New Jersey with a rate of 5.375%. For homebuyers in New Jersey, TrustCo Bank lists a 30 Year Mortgages at 5.500%. Ascendia Bank has a 30 Year Fixed available at 5.250%.
Find the best mortgage and refinance rates in New Jersey today. Our real-time rate table below compares offers from top lenders to help you secure the lowest interest rate for your home loan. Use our free mortgage calculators to plan your purchase.
The following rates for informational purposes only, reflect recent market quotes and representative offers available to New Jersey borrowers. Actual mortgage rates may vary by lender, credit profile, and market conditions.
Last Updated and Verified: March 8, 2026
Current Mortgage Rates in New Jersey and the surrounding area
•30 Year Fixed Rate Affordable Mortgage:
5.250%
•30 Year Fixed - Affordable Housing Program:
5.375%
•30 Year Mortgages:
5.500%
•30 Year Fixed:
5.250%
•30-Year Fixed-Rate VA:
5.500%
Rates displayed are for informational purposes only. Actual offers depend on credit score and profile. Verify terms with the lender.
Last Updated and Verified: March 8, 2026
Types of rates available in New Jersey include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in New Jersey listed below.
Bank or Credit Union
Product
Rate
APR
Northfield Bank1080 Old York Rd, Avenel, NJ 07001
30 Year Fixed Rate Affordable Mortgage
5.250%
5.304%
▼
Interest Rate 5.250%
APR 5.304%
Points 0.000
Last Updated 03/08/2026
Loan Details
APR denotes "Annual Percentage Rate". Payments do not include real estate taxes or insurance, therefore actual payment obligations will be greater. Quoted rates include a 60 day rate lock. Maximum loan amount for a conforming loan is $806,500. Affordable Mortgage Program available for Residential First Mortgage loans for owner-occupied primary 1 to 2-family residences for those in Hunterdon, Mercer, Middlesex, and Union counties in New Jersey and Richmond and Kings counties in New York and either: (a.) are purchasing or refinancing a home in a low or moderate-income (LMI) census tract OR (b.) whose income is less than 80% of the county median income. Rates and terms are current as 11/24/25 and are subject to change at anytime without prior notice.
Dime Community Bank500 Boulevard Of Americas, Lakewood, NJ 08701
APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater.
Ion Bank135 N Washington Ave, Bergenfield, NJ 07035
30 Year Fixed
5.875%
5.986%
▼
Interest Rate 5.875%
APR 5.986%
Points 0.000
Last Updated 03/08/2026
Loan Details
Nova UA Federal Credit Union237 Dayton Ave, Clifton, NJ 07011
30-Year Fixed Mortgage - 0 Points
6.000%
6.000%
▼
Interest Rate 6.000%
APR 6.000%
Points 0.000
Last Updated 03/08/2026
Loan Details
Baxter Credit Union1 Becton Dr, Franklin Lakes, NJ 07417 1815
Jumbo 30 Year Fixed
5.875%
6.008%
▼
Interest Rate 5.875%
APR 6.008%
Points 0.000
Last Updated 03/08/2026
Loan Details
Baxter Credit Union1 Becton Dr, Franklin Lakes, NJ 07417 1815
30 Year Fixed
5.875%
6.017%
▼
Interest Rate 5.875%
APR 6.017%
Points 0.000
Last Updated 03/08/2026
Loan Details
NVE Bank135 N Washington Ave, Bergenfield, NJ 07605
30 Year Fixed
5.875%
6.027%
▼
Interest Rate 5.875%
APR 6.027%
Points 0.000
Last Updated 03/08/2026
Loan Details
Unity Bank104 Raritan Ave, Clinton, NJ 07024
Conforming 30 Year Fixed
6.000%
6.028%
▼
Interest Rate 6.000%
APR 6.028%
Points 0.000
Last Updated 03/08/2026
Loan Details
USALLIANCE1 Corporate Dr, Wayne, NJ 07470 3112
30 Year Fixed (HomeReady®)
6.000%
6.030%
▼
Interest Rate 6.000%
APR 6.030%
Points 0.000
Last Updated 03/08/2026
Loan Details
Spencer Savings Bank1 Towne Ctr, Cliffside Park, NJ 07006
Disclaimer: The mortgage rates displayed are for informational purposes only. These estimates are based on specific lending criteria and may differ from the rate you are offered. Your actual rate will depend on your credit history, credit score, loan amount, and down payment. All rates are subject to change without notice. We recommend contacting the specific bank or credit union to confirm their current offers.
Methodology & Data Sources
Direct-Sourced & Verified Mortgage Rate Data:
We aggregate mortgage and refinance rates for New Jersey directly from the official websites of local lenders, credit unions, and national mortgage originators using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions' own digital properties and manually verifying the APRs daily, we ensure that every 30-year fixed, 15-year fixed, and ARM rate displayed on monitorbankrates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage:
Our systems and team constantly monitor the market to provide a complete picture of available home loan products in New Jersey. We feature a comprehensive mix of licensed NMLS financial institutions, allowing you to easily compare localized mortgage rates from neighborhood credit unions, competitive refinance offers from mid-sized regional banks, and home purchasing loans from large national originators available to borrowers in NJ.
Daily Updates & Time-Stamped Accuracy:
To maintain the highest level of data integrity, our rate updaters verify and update mortgage rates daily. Because mortgage rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every single loan product listed on our platform features its own specific "last updated" date. This gives you absolute transparency into exactly when that specific rate was confirmed.
Disclaimer: Mortgage rates and APRs are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions in New Jersey and your personal credit profile.
It is always advisable to check with the specific lender's official website for the most current offers, fees, and terms.
Last Updated and Verified: March 8, 2026
Mortgage Loan Options in New Jersey
Navigating the home loan market in New Jersey requires a clear understanding of the diverse financing paths available. Whether you are looking for long-term stability or a low down payment, New Jersey lenders offer several key products tailored to your specific financial profile and homeownership goals.
Common Financing Paths in New Jersey
Choosing the right mortgage can save you thousands of dollars over the life of your loan. Here are the primary options available to residents in the New Jersey area:
New Jersey Fixed-Rate Mortgages: This is the most popular choice for homeowners in New Jersey seeking predictability. With a fixed rate, your interest remains locked for the entire term (typically 15 or 30 years), ensuring your monthly principal and interest payments never change regardless of market fluctuations.
New Jersey Adjustable-Rate Mortgages (ARMs): ARMs often start with a lower "teaser" rate for an initial period—such as 5, 7, or 10 years—before adjusting based on current market conditions. This can be a savvy choice for New Jersey buyers who plan to move or refinance before the first adjustment period begins.
New Jersey FHA Loans: Insured by the Federal Housing Administration, these loans are a vital resource for borrowers in New Jersey with lower credit scores or limited savings for a down payment. FHA guidelines typically allow for down payments as low as 3.5%.
New Jersey VA Loans: Available to veterans, active-duty service members, and eligible surviving spouses, VA loans in New Jersey offer highly competitive rates and often require no down payment and no monthly private mortgage insurance (PMI).
Use Our Mortgage Calculators to Plan Your Purchase
Before committing to a property in New Jersey, run the numbers to ensure the mortgage fits your budget. Use our free tools to compare scenarios:
Analyze the APR, not just the RateThe interest rate is the cost of borrowing money, but the APR (Annual Percentage Rate) includes points and fees. The APR gives you a more accurate picture of the true cost of the loan.
Calculate the Impact of PointsDiscount points are fees paid upfront to lower your interest rate. Calculate the "break-even" period (cost of points divided by monthly savings) to see if paying points makes sense for how long you plan to stay in the home.
Compare Loan EstimatesDon't just look at advertised rates. Request official Loan Estimates from at least three different lenders in New Jersey. These documents standardize costs, making it easier to compare apples to apples.
Check Your Credit ScoreYour credit score significantly impacts the rate you are offered. Ensure your credit report is accurate before applying, as a higher score can save you thousands over the life of the loan.
Frequently Asked Questions for New Jersey
What are the current mortgage rates in New Jersey? ▼
Below is a list of current mortgage rates available for New Jersey. We track lenders daily to provide the most up-to-date interest rates, APRs, and point costs.
Lender / Product
Rate
APR
Northfield Bank
30 Year Fixed Rate Affordable Mortgage
5.250%
5.304%
Dime Community Bank
30 Year Fixed - Affordable Housing Program
5.375%
5.467%
TrustCo Bank
30 Year Mortgages
5.500%
5.556%
Ascendia Bank
30 Year Fixed
5.250%
5.571%
Wells Fargo
30-Year Fixed-Rate VA
5.500%
5.690%
Lender / Product
Rate
APR
Dime Community Bank
30 Year Fixed
5.625%
5.719%
Ascendia Bank
30 Year Fixed
5.550%
5.731%
American Heritage Federal Credit Union
30 Year Mortgage
5.686%
5.750%
Ascendia Bank
30 Year Fixed
5.750%
5.889%
Bogota Savings Bank
30-Year Fixed Conforming Loan
5.875%
5.906%
Rates displayed are for informational purposes only. Actual offers depend on credit score and profile. Verify terms with the lender.
Last Updated and Verified: March 8, 2026
What is a conforming mortgage in New Jersey? ▼
A conforming mortgage meets the dollar limits set by the Federal Housing Finance Agency (FHFA). These loans can be purchased by Fannie Mae and Freddie Mac, which typically results in lower interest rates compared to jumbo loans.
What is a jumbo loan in New Jersey? ▼
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the FHFA. Because these loans cannot be sold to Fannie Mae or Freddie Mac, lenders take on more risk, often resulting in slightly higher interest rates or stricter credit requirements.
What are FHA loans? ▼
FHA loans are mortgages insured by the Federal Housing Administration. They are popular among first-time buyers because they allow for lower credit scores and smaller down payments. FHA rates are often competitive because the government guarantee reduces the lender's risk.
What factors affect mortgage rates in New Jersey? ▼
Mortgage rates in New Jersey are influenced by national economic trends, the Federal Reserve's monetary policy, and inflation. On a personal level, your credit score, down payment amount, and debt-to-income ratio will significantly impact the rate you are offered.
Is now a good time to refinance in New Jersey? ▼
Refinancing in New Jersey can be beneficial if current rates are lower than your existing mortgage rate, or if you want to shorten your loan term. Consider the closing costs and how long you plan to stay in the home to ensure the break-even point makes financial sense.
What is the difference between a fixed-rate and adjustable-rate mortgage? ▼
A fixed-rate mortgage maintains the same interest rate for the entire life of the loan, providing predictable monthly payments. An adjustable-rate mortgage (ARM) has a rate that can change after an initial fixed period, which might result in lower initial payments but carries the risk of rate increases later.
How does my credit score affect my mortgage rate? ▼
Your credit score is a major determinant of your mortgage rate. Borrowers with higher credit scores (typically 760 and above) qualify for the lowest rates, while those with lower scores may pay higher interest rates to offset the lender's risk.
What are mortgage points? ▼
Mortgage points, or discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. One point costs 1% of your mortgage amount. Paying points can save you money over the long term if you plan to keep the mortgage for many years.
Are there specific loan programs for first-time buyers in New Jersey? ▼
Yes, many lenders in New Jersey offer programs for first-time buyers, including FHA loans which require lower down payments and credit scores. Additionally, there may be state-specific grants or down payment assistance programs available in New Jersey.
