Lowest closing cost mortgage lenders in Salem County County, New Jersey
In Salem County, New Jersey, homebuyers paid a median of $7,227 in closing costs in 2024 — below the New Jersey median of $7,624. The county saw 582 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, OceanFirst Bank, National Association offered the lowest median costs at $4,017, which is $1,586 less than the county median.
Homebuyers in Salem County County who chose OceanFirst Bank, National Association paid $3,210 less in closing costs than the county median.
County Median Costs
$7,227
−5.2% vs New Jersey ($7,624)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,527
Purchase Originations
582
vs New Jersey Median
5.2% below
$-397
vs National Median
7.2% above
$486
Lender rankings in Salem County County
10 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,017 | 6.188% | $900 | 10 | −$1,586 | |
| 2 | $4,297 | 6.625% | $2,463 | 16 | −$1,306 | |
| 3 | $4,728 | 6.875% | $1,499 | 15 | −$875 | |
| 4 | $4,755 | 6.990% | $1,695 | 19 | −$848 | |
| 5 | $5,430 | 7.000% | $2,725 | 31 | −$173 | |
| 6 | $5,999 | 6.625% | $3,755 | 10 | +$396 | |
| 7 | $6,514 | 6.875% | $3,557 | 26 | +$910 | |
| 8 | $6,867 | 6.990% | $4,035 | 21 | +$1,264 |
Includes lenders with 10+ purchase originations in Salem 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.