Homebuyers in Somerset County County who chose Valley National Bank paid $3,545 less in closing costs than the county median.
County Median Costs
$7,206
−3.6% vs New Jersey ($7,473)
Median Rate
6.490%
+0.0% vs national (6.490%)
Median Origination
$1,695
Purchase Originations
2,640
Denial Rate
3.9%
vs New Jersey avg (5.9%)
vs New Jersey Median
3.6% below
$-267
vs National Median
7.9% above
$526
59 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,661 | 5.625% | $495 | 44 | −$3,153 | |
| 2 | $4,316 | 5.990% | $1,175 | 17 | −$2,498 | |
| 3 | $4,833 | 6.000% | $790 | 24 | −$1,981 | |
| 4 | $4,999 | 6.375% | $0 | 11 | −$1,815 | |
| 5 | $5,239 | 6.250% | $820 | 21 | −$1,575 | |
| 6 | $5,388 | 6.250% | $834 | 98 | −$1,426 | |
| 7 | $5,407 | 6.433% | $1,245 | 38 | −$1,407 | |
| 8 | $5,424 | 6.750% | $1,395 | 34 | −$1,390 | |
| 9 | $5,622 | 6.495% | $1,145 | 28 | −$1,192 | |
| 10 | $5,623 | 6.490% | $250 | 11 | −$1,191 | |
| 11 | $5,647 | 6.125% | $1,280 | 29 | −$1,167 | |
| 12 | $5,736 | 7.000% | $1,095 | 13 | −$1,078 | |
| 13 | $5,750 | 6.375% | $1,595 | 16 | −$1,064 | |
| 14 | $5,804 | 6.625% | $1,590 | 27 | −$1,010 | |
| 15 | $5,844 | 6.375% | $1,495 | 10 | −$970 | |
| 16 | $5,940 | 6.750% | $1,690 | 18 | −$874 | |
| 17 | $5,965 | 5.938% | $1,650 | 10 | −$849 | |
| 18 | $5,966 | 5.750% | $825 | 11 | −$848 | |
| 19 | $5,977 | 5.500% | $499 | 26 | −$837 | |
| 20 | $6,023 | 6.625% | $1,400 | 18 | −$791 | |
| 21 | $6,173 | 6.125% | $1,283 | 58 | −$641 | |
| 22 | $6,315 | 6.625% | $1,640 | 84 | −$499 | |
| 23 | $6,316 | 5.750% | $1,500 | 31 | −$498 | |
| 24 | $6,504 | 6.250% | $1,555 | 42 | −$310 | |
| 25 | $6,516 | 6.625% | $1,884 | 36 | −$298 |
Includes lenders with 10+ purchase originations in Somerset County County. Source: HMDA 2025. 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 2025, 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.