Safe Rate Rankings

Best Jumbo Mortgage Lenders in New Jersey

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders310

Total Loans85,018

Median Rate Spread0.30%

New Jersey Market Insights

Bank of America National Association is Safe Rate's top-ranked Jumbo lender in New Jersey, leading on pricing, pullthrough, Jumbo product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In New Jersey, Morgan Stanley Private Bank National Association and Citibank National Association scores highest on Jumbo pricing while Oceanfirst Bank National Association and Bank of America National Association leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #7 in New Jersey, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in New Jersey: Rocket Mortgage (#11) and Crosscountry Mortgage (#15), both outside Safe Rate's top 10. Independent lenders and specialists tend to score higher on our composite scorecard.

Explore Rankings by Type

Overall Rankings

All lenders in New Jersey

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Bank of America, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$1,259Fees	0.245%Below	1,086
2	U.S. Bank National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$211Fees	0.090%Below	959
3	Citibank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$330Fees	0.299%Below	534
4	Morgan Stanley Private Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$358Fees	0.519%Below	372
5	Wells Fargo Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$1,494Fees	0.101%Below	1,556
6	Manufacturers and Traders Trust Company BankDirect	Exceptional	Strong	Exceptional	Strong	Strong	$1,156Fees	0.048%Below	505
7	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Sound*	Exceptional	Strong	Exceptional	$2,539Fees	0.175%Above	4,989
8	OceanFirst Bank, National Association BankDirect	Exceptional	Strong	Strong	Exceptional	Exceptional	$303Credit	0.225%Below	1,006
9	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Exceptional	$2,386Fees	0.126%Above	2,925
10	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$694Fees	0.045%Below	862
11	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$4,433Fees	0.239%Above	6,687
12	NJ LENDERS CORP. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Exceptional	$1,597Fees	0.013%Above	2,180
13	Kearny Bank BankDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,001Fees	0.252%Below	402
14	Manasquan Bank BankDirect	Strong	Strong	Strong	Exceptional	Strong	$189Fees	0.099%Above	180
15	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,342Fees	0.372%Above	5,464
16	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$553Fees	0.435%Below	493
17	TD Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$732Fees	0.153%Above	1,057
18	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$2,377Fees	0.057%Above	2,089
19	Valley National Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,157Fees	0.255%Below	354
20	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$1,337Fees	0.204%Above	1,267
21	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$1,883Fees	0.137%Above	2,270
22	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$3,746Fees	0.385%Above	1,407
23	PNC Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$642Fees	0.037%Above	467
24	Columbia Bank BankDirect	Strong	Exceptional	—	Sound	Exceptional	$259Fees	0.618%Below	349
25	Webster Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,385Fees	0.071%Above	221
26	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$3,572Fees	0.396%Above	1,443
27	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Sound	Exceptional	$2,546Fees	0.207%Above	887
28	Fulton Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$1,727Fees	0.406%Above	279
29	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,893Fees	0.330%Above	1,034
30	Advisors Mortgage Group, L.L.C. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Sound	Exceptional	$2,314Fees	0.271%Above	1,736
31	NFM, INC. Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$2,959Fees	0.414%Above	1,163
32	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,699Fees	0.373%Above	727
33	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$2,530Fees	0.304%Above	491
34	UNITY BANK BankDirect	Strong	Acceptable	Strong	Strong	Strong	$1,856Fees	0.554%Above	202
35	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$3,114Fees	0.515%Above	697
36	1st Colonial Community Bank Independent Mortgage CompanyDirect	Strong	Sound	—	Strong	Exceptional	$1,972Fees	0.218%Above	271
37	THE LOAN STORE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,101Fees	0.286%Above	378
38	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Exceptional	$3,422Fees	0.535%Above	1,100
39	FM Home Loans, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Strong	Strong	$2,381Fees	0.329%Above	288
40	NP, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Strong	$2,045Fees	1.272%Above	182
41	BOND STREET MORTGAGE, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Sound	Sound	Exceptional	$2,825Fees	0.296%Above	648
42	Flagstar Bank, N.A. BankDirect & Wholesale	Sound	Mediocre*	Exceptional	Sound	Strong	$2,984Fees	0.362%Above	297
43	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Sound	Mediocre*	Strong	Sound	Strong	$2,666Fees	0.478%Above	331
44	HOMEBRIDGE FINANCIAL SERVICES, INC. Independent Mortgage CompanyWholesale	Sound	Mediocre*	Strong	Sound	Strong	$3,723Fees	0.392%Above	175
45	Cornerstone First Mortgage, Inc Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	Strong	$4,055Fees	0.527%Above	361
46	ABSOLUTE HOME MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Mediocre	Sound	Acceptable	Exceptional	$3,564Fees	0.473%Above	1,540

❓ Frequently Asked Questions

How are mortgage lenders ranked in New Jersey?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in New Jersey), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in New Jersey?+

Based on 2024 HMDA data, 310 lenders originated a combined 85,018 loans in New Jersey. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in New Jersey?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in New Jersey is 0.30%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In New Jersey's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.