New Jersey · Q1 2026
What New Jersey borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 525 lenders.
Published 2026-04-29.
New Jersey · headline
The gap between New Jersey's lowest- and highest-cost ranked lenders in 2025 was $9,005 on a typical loan — borrowers using United Wholesale Mortgage paid roughly 514% more than borrowers using TD Bank, N.A. on similar loans.
Source: FFIEC HMDA 2025 (n=111,672)
In 2025, 525 mortgage lenders originated 111,672 reportable loans in New Jersey according to FFIEC HMDA data. The median borrower paid $7,158 in total loan costs. That is 68.7% above the national median across all 50 states and DC.
New Jersey's median total loan cost was $7,158, 68.7% above the national median of $4,242. On a typical loan, that translates to roughly $2,916 more than borrowers paid in the average state.
TD Bank, N.A. posted the lowest median total loan costs at $1,753, 75.5% below the New Jersey median. Across the ranked lenders, 11 earned an A grade against peer averages and 1 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in New Jersey are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,006 | $3,115 | 12,042 | A |
| 2 | CrossCountry Mortgage | $8,378 | $2,390 | 6,339 | B |
| 3 | United Wholesale Mortgage | $10,758 | $6,263 | 6,195 | F |
| 4 | loanDepot.com, LLC | $5,746 | $1,590 | 3,933 | A |
| 5 | Guaranteed Rate | $6,325 | $1,640 | 3,544 | A |
| 6 | Pennymac | $7,574 | $2,840 | 2,932 | A |
| 7 | JPMorgan Chase Bank, N.A. | $5,432 | $2,363 | 2,886 | A |
| 8 | TD Bank, N.A. | $1,753 | $950 | 2,112 | A |
| 9 | American Neighborhood Mortgage Acceptance Company LLC | $8,748 | $3,525 | 1,870 | C |
| 10 | CMG Financial | $9,450 | $2,914 | 1,856 | C |
New Jersey median total loan cost
New Jersey borrowers paid a median $7,158 in total loan costs in 2025, based on 111,672 HMDA-reported loans across 525 lenders.
FFIEC HMDA 2025
Lender spread in New Jersey
In New Jersey, the gap between TD Bank, N.A. ($1,753 median) and United Wholesale Mortgage ($10,758 median) was $9,005 on a typical 2025 loan.
FFIEC HMDA 2025
New Jersey vs. national
New Jersey closing costs ran 68.7% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in New Jersey was $2,312, with the typical lender clustering tightly around that figure. Discount points appeared on 48% of loans, with a median paid amount of $2,782 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 37% of loans, with a median credit of $682.
Avg $4,634
Median $2,782 when present
Median $682 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in New Jersey) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for New Jersey
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