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Hackensack, NJ

The Best Mortgage Lenders in Hackensack, NJ

Compare verified mortgage lenders serving Hackensack, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
560+
Reviews
8
Loan Types

Available Loan Programs in Hackensack

Conventional
FHA
VA
Jumbo
Refinance
First-time Homebuyer
Home Equity
ARM

Featured Mortgage Lenders

1

Michael Kessler

CrossCountry Mortgage, LLC

★★★★☆
4.9/5

CrossCountry Mortgage's Hackensack branch, led by experienced loan officer Michael Kessler, stands out as one of the highest-rated mortgage lenders in Bergen County. With exceptional 4.9-star ratings across multiple platforms, this local branch combines the resources of a national lender with personalized service. They specialize in guiding first-time homebuyers through the complex New Jersey market while offering competitive rates on conventional, FHA, and VA loans. Their strong community presence and extensive experience with Northern New Jersey real estate transactions make them a top choice for Hackensack residents.

Experience:15 years
Reviews:185 customer reviews
241 Main Street, Hackensack, NJ 07601

Loan Types:

ConventionalFHAVAJumboRefinanceFirst-time Homebuyer
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2

Michael G. Brusco

Affinity Federal Credit Union

★★★★☆
4.8/5

Affinity Federal Credit Union, while headquartered in nearby Rockaway, serves the entire Hackensack area with exceptional mortgage services and consistently earns 4.8-star ratings for their customer-centric approach. As New Jersey's largest credit union, they offer competitive rates and personalized service that often surpasses traditional banks. Their mortgage team specializes in both purchase and refinance loans with particular expertise in helping members navigate the competitive North Jersey housing market. With decades of community banking experience and a member-owned structure, they provide exceptional value and service to Hackensack homebuyers.

Experience:12 years
Reviews:210 customer reviews
73 Mount Hope Street, Rockaway, NJ 07866

Loan Types:

ConventionalJumboFHAVARefinanceHome Equity
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3

David Lortie

Guaranteed Rate

★★★★☆
4.7/5

Guaranteed Rate's Englewood Cliffs office, just minutes from Hackensack, features top-producing loan officer David Lortie with impressive 4.7-star ratings and extensive experience serving Bergen County. This nationally recognized mortgage lender combines innovative digital mortgage technology with local expertise, offering some of the most competitive rates in the region. They excel at streamlining the mortgage process with their digital platform while maintaining personalized service for complex jumbo loans and unique financial situations. Their strong presence in Northern New Jersey and reputation for efficient closings make them a preferred choice for Hackensack area homebuyers.

Experience:11 years
Reviews:165 customer reviews
210 The Plaza, Suite 2, Englewood Cliffs, NJ 07632

Loan Types:

ConventionalFHAVAJumboRefinanceARM
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Frequently Asked Questions

Common questions about mortgage lending in Hackensack, NJ

Are there any special first-time homebuyer programs available specifically for Hackensack, NJ?

Yes, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers statewide programs like the First-Time Homebuyer Mortgage Program and the Down Payment Assistance Program, which are accessible to Hackensack residents. Additionally, Bergen County sometimes has local initiatives, and it's wise to check with Hackensack's Urban Enterprise Zone for potential incentives aimed at revitalizing specific neighborhoods.

How do property taxes in Hackensack impact my mortgage qualification and monthly payment?

Hackensack has notably high property taxes, with an effective tax rate of approximately 3.8%, which is above the national and state averages. Lenders will include your estimated monthly tax escrow as part of your total monthly debt obligation, which can significantly affect your debt-to-income ratio and the loan amount you qualify for. It's crucial to budget for this substantial recurring cost.

What is a typical down payment requirement for a condo in Hackensack versus a single-family home?

For a conventional loan, a 20% down payment is standard for a single-family home in Hackensack to avoid private mortgage insurance (PMI). For condominiums, lenders often require a minimum of 10-25% down, depending on the project's approval status with Fannie Mae/Freddie Mac. Some newer downtown developments may have specific financing requirements, so it's important to verify with your lender.

Does Hackensack's location in a FEMA flood zone affect my mortgage process?

Yes, parts of Hackensack near the Hackensack River are in designated flood zones. If your prospective home is in a Special Flood Hazard Area (SFHA), your lender will require you to purchase flood insurance as a condition of the mortgage. This is a mandatory and separate policy from homeowners insurance and will add to your monthly housing costs.

How competitive is the mortgage market in Hackensack, and should I expect to pay above the asking price?

Hackensack's real estate market is competitive, especially for well-priced, updated homes in desirable neighborhoods like the Hillers or near the new downtown developments. While bidding wars are common, they are not universal. To be competitive, you may need to offer above asking, waive certain contingencies cautiously, and secure a strong mortgage pre-approval from a reputable local lender who can guarantee a quick closing.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent is Your Hackensack Homebuying Advantage

Searching for "home loan agents near me" is more than just finding a mortgage professional—it's about finding a local expert who understands the unique heartbeat of the Hackensack housing market. In a competitive landscape where well-priced homes in desirable areas like the Hillers or Fairmount neighborhoods can move quickly, having a guide who knows the local terrain is invaluable.

A Hackensack-based home loan agent brings specific advantages to your search. They understand the nuances of property valuations in our diverse city, from the condos near the Bergen County Courthouse to the single-family homes in the more residential pockets. This local insight is crucial when it comes to appraisals, which can be a sticking point in our dynamic market. An agent familiar with recent comparable sales in Hackensack can help structure a strong, realistic offer from the start. Furthermore, they have established relationships with local real estate attorneys, title companies, and inspectors, ensuring a smoother, more coordinated closing process—a significant benefit in New Jersey's transaction-heavy real estate system.

For New Jersey homebuyers, there are also valuable state and regional programs that a knowledgeable local agent can help you navigate. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers several first-time homebuyer programs, including down payment assistance and competitive interest rate loans. A Hackensack agent will know if you qualify for these and can also advise on any Bergen County-specific initiatives. They can also explain the implications of New Jersey's property taxes, which are among the highest in the nation, and how they factor into your overall mortgage affordability and escrow calculations.

Your actionable first step is to shift your search from a generic online query to a targeted local interview process. Ask potential agents specific, Hackensack-focused questions: "How many loans have you closed in Hackensack in the last year?" "Can you explain the recent trend in property taxes for the 07601 zip code?" "What local lenders or credit unions do you recommend for a seamless closing?" Look for someone who doesn't just quote rates but educates you on the total cost of homeownership in our area.

Ultimately, the right local home loan agent acts as your financial advocate and neighborhood expert rolled into one. They can mean the difference between a stressful application process and a confident path to owning a home in Hackensack. By choosing an agent rooted in our community, you're not just getting a loan; you're gaining a partner who understands the value of a Hackensack address and is invested in helping you secure it.

Nearby Cities

Explore mortgage lenders in cities near Hackensack, NJ

Why Choose a Mortgage Lender in Hackensack?

Local Market Knowledge

Lenders who understand Hackensack'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 Hackensack and get competitive rates on your home loan.