The Best Mortgage Lenders in Broadway, NJ
Compare verified mortgage lenders serving Broadway, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Broadway
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong local presence in New Jersey, serving the Broadway area through its Parsippany office. Founded in 2000, they have built a reputation for competitive rates, a user-friendly digital platform, and exceptional customer service. With over two decades of experience, they offer a wide range of loan products, including specialized options for first-time homebuyers and refinancing. Their high ratings and substantial review count reflect consistent customer satisfaction, making them a top choice for reliable and efficient mortgage solutions in Warren County and beyond.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated lender with a dedicated branch in Bridgewater that actively serves the Broadway, NJ community. Established in 2003, they are known for their personalized approach, educational resources, and commitment to local homebuyers. They offer a comprehensive suite of loan types, including government-backed and jumbo loans, with a focus on transparency and responsiveness. Their excellent customer reviews and two decades of experience highlight their reliability and strong regional presence, ensuring tailored mortgage assistance for residents in Warren County.
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loanDepot
loanDepot, LLC
loanDepot is a prominent national mortgage lender with a significant operational footprint in New Jersey, including service to the Broadway area through its Iselin location. Founded in 2010, they combine digital innovation with local expertise to offer competitive rates and a streamlined application process. They provide diverse loan options, catering to various financial situations, and are praised for their efficiency and customer support. With a solid track record and hundreds of positive reviews, loanDepot is a trusted option for homebuyers seeking flexible and accessible mortgage solutions in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Broadway, NJ
What are the typical down payment requirements for homes in Broadway, NJ, given its rural/suburban market?
In Broadway's market, where median home prices are generally more accessible than in denser NJ suburbs, conventional loans with 5-20% down are common. For the area's mix of single-family homes and older properties, some lenders may require a slightly higher down payment if the appraisal identifies specific repair needs. First-time buyers should explore NJHMFA programs which can offer down payment assistance.
Are there specific mortgage considerations for buying one of Broadway's older or historic homes?
Yes, purchasing Broadway's charming older homes often requires a thorough home inspection and may influence loan type. Some properties might not meet strict FHA/VA property condition requirements, making a conventional loan more suitable. Lenders may also require escrow holds for repairs on older systems like roofing or septic, which are common in this area.
What local or state programs are available to help first-time homebuyers in Broadway?
Broadway buyers have access to New Jersey Housing and Mortgage Finance Agency (NJHMFA) programs, including the First-Time Homebuyer Mortgage Program and the NJGreeks or NJ Heroes down payment assistance. Additionally, Hunterdon County may offer its own affordable housing programs, so it's wise to check with local housing agencies for any county-specific grants or favorable loan terms.
How do property taxes in Broadway, NJ, impact mortgage qualification and monthly payments?
Broadway is within Franklin Township (Hunterdon County), which has a moderate property tax rate compared to the state average, but taxes are still a significant factor. Lenders will calculate your debt-to-income ratio including these taxes, and they must be escrowed as part of your monthly payment. Accurate tax estimates are crucial, as they can add several hundred dollars to your monthly obligation.
How does Broadway's location in a high-cost state affect conforming loan limits and mortgage options?
While Broadway itself has a more rural character, it's in the New York-Newark-Jersey City, NY-NJ-PA MSA, which is a designated high-cost area. For 2024, the conforming loan limit here is $1,149,825, significantly higher than the national base. This means most buyers in Broadway can use conventional conforming loans, avoiding the stricter requirements and higher rates of jumbo loans, even for higher-priced properties.
Nearby Cities
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Why Choose a Mortgage Lender in Broadway?
Local Market Knowledge
Lenders who understand Broadway'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 Broadway and get competitive rates on your home loan.