The Best Mortgage Lenders in Haledon, NJ
Compare verified mortgage lenders serving Haledon, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Haledon
Featured Mortgage Lenders
Michael DeGroat
CrossCountry Mortgage
CrossCountry Mortgage's Wayne location serves the entire Passaic County area including Haledon with exceptional service. Michael DeGroat leads a highly-rated team with hundreds of 5-star reviews praising their responsiveness, competitive rates, and smooth closing processes. They specialize in both purchase and refinance loans with particular expertise in first-time homebuyer programs and offer personalized guidance throughout the entire mortgage process.
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Anthony Laura
NJ Lenders Corp
NJ Lenders Corp has built an outstanding reputation throughout North Jersey with particular strength in Bergen and Passaic counties. They consistently receive praise for their competitive rates, transparent communication, and expertise with complex loan scenarios. The company specializes in serving both individual homeowners and real estate investors, with many reviews highlighting their ability to close loans quickly and efficiently.
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Haledon Branch
Investors Bank (now part of Citizens Bank)
As the primary banking institution physically located in Haledon, this branch (formerly Investors Bank, now Citizens Bank) has deep roots in the community with decades of serving local homeowners. They offer the full advantage of a community-focused lender with the resources of a major financial institution. Customers consistently praise their knowledgeable local staff, competitive mortgage products, and personalized service for both purchase and refinance transactions.
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Frequently Asked Questions
Common questions about mortgage lending in Haledon, NJ
Are there any special first-time homebuyer programs available specifically for Haledon, NJ?
Yes, Haledon homebuyers can access New Jersey's statewide programs like the NJHMFA Down Payment Assistance Program, which offers up to $10,000. Additionally, it's wise to check with local lenders about any Passaic County-specific initiatives or grants that may be available for buyers in Haledon to help with closing costs or down payments.
How do property taxes in Haledon impact my mortgage qualification and monthly payment?
Haledon's property tax rate is a significant factor, as Passaic County taxes are historically above the national average. Lenders will include your estimated monthly tax escrow in your debt-to-income ratio calculation. For a typical Haledon home, you should budget for taxes adding several hundred dollars to your monthly mortgage payment, which can affect the loan amount you qualify for.
What are typical mortgage rates offered by local lenders in Haledon compared to national averages?
Mortgage rates in Haledon are generally aligned with national averages, as they are driven by broader financial markets. However, building a relationship with a local credit union or community bank in Passaic County can sometimes provide access to competitive, personalized rates or special promotions for residents that might not be widely advertised online.
Does Haledon's housing market, with its mix of older homes, affect the type of mortgage I should get?
Absolutely. Many homes in Haledon are older, built in the early to mid-20th century. An FHA 203(k) loan or a conventional renovation loan can be a smart choice, as it allows you to finance both the purchase price and the cost of necessary repairs or updates into one mortgage, which is crucial for maintaining these character-rich properties.
Are there specific mortgage considerations for buying a multi-family home in Haledon?
Yes, Haledon has many two-to-four family homes. Financing these requires an investment property or multi-unit loan, which typically demands a higher down payment (usually 15-25%) and has slightly higher interest rates than primary residence loans. Lenders will also consider the potential rental income from the other units to help you qualify.
Why Choose a Mortgage Lender in Haledon?
Local Market Knowledge
Lenders who understand Haledon'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 Haledon and get competitive rates on your home loan.