The Best Mortgage Lenders in Beverly, NJ
Compare verified mortgage lenders serving Beverly, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Beverly
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender with a strong local presence in South Jersey, including service to Beverly. Known for its competitive rates and efficient digital mortgage platform, they excel in customer satisfaction with fast closings and a wide range of loan products. Their experienced loan officers provide personalized service, and they have consistently high ratings for transparency and reliability in the home financing process.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage offers comprehensive mortgage solutions with a focus on community-oriented service in the Burlington County area, including Beverly. They are praised for their knowledgeable loan officers, flexible loan options, and smooth, personalized application processes. With a reputation for excellent customer support and competitive rates, they are a trusted choice for homebuyers seeking reliable financing in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender known for its diverse loan programs and commitment to serving a broad range of borrowers, including those in Beverly and surrounding areas. They provide competitive rates, educational resources, and responsive customer service, with a strong emphasis on supporting first-time homebuyers and underserved communities. Their track record of customer satisfaction and local expertise makes them a top contender in the South Jersey mortgage market.
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Frequently Asked Questions
Common questions about mortgage lending in Beverly, NJ
Are there any special mortgage programs for first-time homebuyers in Beverly, NJ?
Yes, New Jersey offers several statewide programs that are accessible in Beverly, such as the NJHMFA First-Time Homebuyer Mortgage Program, which provides competitive fixed-rate loans with down payment assistance. Additionally, the NJHMFA Police and Firefighter Mortgage Program offers special terms for eligible public servants. It's wise to consult with a local lender familiar with these state-backed options to see which you qualify for.
How does Beverly's location along the Delaware River impact the mortgage process?
Beverly's location in a floodplain near the river means many properties require flood insurance, which is a mandatory add-on for most mortgages. Lenders will require a flood certification, and this additional insurance cost must be factored into your total monthly housing payment and debt-to-income ratio calculations. This is a critical local consideration when budgeting for a home purchase here.
What are typical property taxes like in Beverly, and how do they affect mortgage affordability?
Beverly, located in Burlington County, has a relatively moderate property tax rate compared to other parts of New Jersey, but taxes are still a significant factor. For a home at the median price, annual taxes can range from $5,000 to $8,000. Lenders will include this escrowed amount in your monthly payment, directly impacting the loan amount you can qualify for, so accurate tax estimates are essential.
Are USDA Rural Development loans available for homes in Beverly, NJ?
Yes, Beverly is eligible for USDA Rural Development loans due to its population size and classification. This is a significant advantage for eligible buyers, as USDA loans offer 100% financing (no down payment) and competitive rates. You should confirm the specific property's eligibility with a lender, as this program can make homeownership much more accessible in this market.
How competitive is the mortgage lending environment for Beverly's smaller, historic homes?
The market for Beverly's charming, often older homes is niche but active. Lenders may require specific inspections (like thorough structural or septic reviews) for older properties, which can affect the appraisal and loan approval timeline. It's important to work with a mortgage broker or bank experienced with older home financing in Burlington County to navigate any potential hurdles smoothly.
Why Choose a Mortgage Lender in Beverly?
Local Market Knowledge
Lenders who understand Beverly's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in New Jersey.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Beverly and get competitive rates on your home loan.