Lowest closing cost mortgage lenders in Cape May County County, New Jersey
In Cape May County, New Jersey, homebuyers paid a median of $7,087 in closing costs in 2024 — below the New Jersey median of $7,624. The county saw 543 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, OceanFirst Bank, National Association offered the lowest median costs at $4,770, which is $1,416 less than the county median.
Homebuyers in Cape May County County who chose OceanFirst Bank, National Association paid $2,317 less in closing costs than the county median.
County Median Costs
$7,087
−7.0% vs New Jersey ($7,624)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$1,875
Purchase Originations
543
vs New Jersey Median
7.0% below
$-537
vs National Median
5.1% above
$346
Lender rankings in Cape May County County
14 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,770 | 6.625% | $550 | 15 | −$1,416 | |
| 2 | $4,884 | 6.188% | $995 | 16 | −$1,302 | |
| 3 | $5,024 | 6.875% | $1,595 | 10 | −$1,162 | |
| 4 | $5,180 | 6.625% | $1,499 | 14 | −$1,006 | |
| 5 | $5,254 | 6.875% | $1,295 | 13 | −$932 | |
| 6 | $5,451 | 6.625% | $1,858 | 14 | −$735 | |
| 7 | $5,587 | 6.500% | $1,195 | 57 | −$599 | |
| 8 | $5,747 | 6.625% | $1,660 | 11 | −$439 | |
| 9 | $6,664 | 6.825% | $2,618 | 20 | +$478 | |
| 10 | $8,308 | 6.990% | $3,803 | 12 | +$2,122 | |
| 11 | $8,359 | 6.875% | $6,244 | 25 | +$2,173 | |
| 12 | $8,872 | 6.850% | $5,371 | 10 | +$2,686 | |
| 13 | $8,982 | 6.562% | $8,093 | 10 | +$2,796 | |
| 14 | $9,011 | 7.058% | $5,116 | 10 | +$2,825 |
Includes lenders with 10+ purchase originations in Cape May County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in New Jersey → Lender Directory
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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.