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Best NJHMFA Mortgage Lenders of 2019

Oct. 31, 2018
Finding the Right Mortgage, Mortgages
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

The New Jersey Housing and Mortgage Finance Agency helps first-time home buyers make one of the biggest moves in their lives with substantial financial assistance. NJHMFA programs include down payment and closing costs assistance with forgivable loans — and that’s just about the closest you can get to free money.

Participating lenders will talk you through the qualification details and get your loan application underway. But rather than having you wade through the list of over 40 NJHMFA-approved lenders yourself to find the right one, NerdWallet has identified the highest-rated participating lenders we’ve reviewed, as well as some of the most popular mortgage lenders in the state.

» MORE: Explore NJHMFA loan programs, rates and income limits

Best NJHMFA mortgage lenders

These lenders excel at products and services that are among the highest in demand with borrowers.

4.0 NerdWallet rating
  • A “Fresh Start” program helps borrowers with a previous foreclosure or short sale get a loan.
  • No waiting period required if you’ve recently declared bankruptcy.
  • Minimum credit score 580.
  • Caliber Home Loans review
4.0 NerdWallet rating
  • A mobile app speeds the loan process, with closings as fast as 10 days.
  • Using the app, you can apply for a loan in under 10 minutes.
  • Nine branch locations in New Jersey.
  • Fairway Independent Mortgage review


4.5 NerdWallet rating
  • Offers all government-backed home loans.
  • Securely upload and digitally sign loan documents.
  • No need to speak with a human, unless you want to.
  • Guaranteed Rate review
4.5 NerdWallet rating
  • Well-rated for low customer complaint volume, according to NerdWallet analysis.
  • Eight affiliated loan stores in New Jersey for borrowers who appreciate face-to-face service.
  • Though considered a nonbank lender, offers a loan lineup that rivals banks.
  • loanDepot review

» MORE: See the best New Jersey mortgage lenders

More NJHMFA participating mortgage lenders

These lenders are among the highest-volume NJHMFA participating mortgage makers in New Jersey. The lenders have not been reviewed by NerdWallet.

Investors Bank

  • Founded in the Short Hills-Millburn area, with 90 years of service to New Jersey and New York.
  • Offers mortgages wherever there is a branch presence and has over 150 branch locations.
  • Also offers co-op mortgages.

Finance of America

  • Offers government-backed loans, such as VA, USDA and FHA.
  • An FHA 203(k) loan offers financing for the purchase and improvement of a fixer-upper.
  • The application process can begin online.


  • A mobile app connects you with your Realtor and loan officer — and reminds you of important dates.
  • You can pre-qualify or complete an application online.
  • Specializes in rural loans and a recent winner of the USDA Rural Development Lender of the Year award.

Valley National Bank

  • Founded in 1927 and headquartered in Wayne, New Jersey.
  • Offers educational resources to assist first-time home buyers.
  • Construction loans feature one closing at the beginning of construction.

Top NJHMFA mortgage lenders: summary

More from NerdWallet

NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.