Mortgage lender closing cost rankings in New Jersey (2024)
In New Jersey, homebuyers paid a median of $7,624 in total closing costs on purchase mortgages in 2024, which is above the national median of $6,741. The median interest rate was 6.62% across 62,901 purchase originations. The most active lender was CROSSCOUNTRY MORTGAGE, LLC with 4,917 originations. The lowest-cost lender (with 50+ loans) was Columbia Bank at $525.
Median Total Costs
$7,624
+13.1% vs national ($6,741)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$2,154
Purchase Originations
62,901
By loan type
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 50,500 | 6.625% | $6,805 |
| fha | 9,989 | 6.624% | $16,016 |
| va | 2,347 | 6.250% | $9,122 |
| usda | 65 | 6.500% | $8,925 |
Lowest closing cost lenders in New Jersey
Ranked by median total loan costs among lenders with 50+ purchase originations in New Jersey.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $525 | 6.000% | $0 | 302 | −$7,099 | |
| 2 | $718 | 6.625% | $0 | 109 | −$6,906 | |
| 3 | $4,275 | 6.500% | $820 | 81 | −$3,349 | |
| 4 | $4,546 | 6.125% | $550 | 710 | −$3,078 | |
| 5 | $4,925 | 6.750% | $1,195 | 236 | −$2,699 | |
| 6 | $4,926 | 6.125% | $0 | 421 | −$2,698 | |
| 7 | $4,947 | 6.375% | $790 | 355 | −$2,677 | |
| 8 | $5,147 | 6.250% | $250 | 128 | −$2,477 | |
| 9 | $5,250 | 6.375% | $1,145 | 379 | −$2,374 | |
| 10 | $5,302 | 6.625% | $1,482 | 383 | −$2,322 | |
| 11 | $5,356 | 6.125% | $1,295 | 271 | −$2,268 | |
| 12 | $5,398 | 6.688% | $1,295 | 62 | −$2,226 | |
| 13 | $5,444 | 6.375% | $1,125 | 359 | −$2,180 | |
| 14 | $5,562 | 6.750% | $499 | 73 | −$2,062 | |
| 15 | $5,617 | 6.875% | $955 | 155 | −$2,007 | |
| 16 | $5,665 | 5.875% | $825 | 129 | −$1,959 | |
| 17 | $5,670 | 6.500% | $1,504 | 364 | −$1,954 | |
| 18 | $5,707 | 6.625% | $1,490 | 150 | −$1,917 | |
| 19 | $5,723 | 6.500% | $995 | 753 | −$1,901 | |
| 20 | $5,759 | 6.625% | $1,794 | 401 | −$1,865 | |
| 21 | $5,779 | 6.500% | $1,520 | 1,743 | −$1,845 | |
| 22 | $5,790 | 6.125% | $1,312 | 865 | −$1,834 | |
| 23 | $5,808 | 6.375% | $414 | 163 | −$1,816 | |
| 24 | $5,925 | 6.750% | $1,395 | 1,372 | −$1,699 | |
| 25 | $5,925 | 6.500% | $784 | 90 | −$1,699 |
Includes lenders with 50+ purchase originations in New Jersey. Source: HMDA 2024. Sorted by median total loan costs.
Rankings by county
Bergen County
5,783 originations
Middlesex County
5,228 originations
Ocean County
5,134 originations
Monmouth County
5,083 originations
Burlington County
4,359 originations
Essex County
4,240 originations
Camden County
4,108 originations
Morris County
3,961 originations
Hudson County
3,357 originations
Union County
3,195 originations
Gloucester County
2,834 originations
Somerset County
2,649 originations
Passaic County
2,595 originations
Mercer County
2,551 originations
Atlantic County
1,989 originations
Sussex County
1,530 originations
Hunterdon County
1,166 originations
Warren County
1,007 originations
Cumberland County
1,007 originations
Salem County
582 originations
Cape May County
543 originations
See New Jersey closing cost details, fee benchmarks, and county comparisons → New Jersey Closing Costs Guide
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.