The Best Mortgage Lenders in Irvington, NJ
Compare verified mortgage lenders serving Irvington, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Irvington
Featured Mortgage Lenders
Cross River Bank
Cross River Bank
Cross River Bank is a highly-rated New Jersey-based community bank that has become a regional leader in mortgage lending. With exceptional 4.8-star ratings across multiple platforms, they specialize in serving the diverse communities of Northern New Jersey including Irvington. Their strong local presence combined with competitive rates and personalized service makes them a top choice. They offer a comprehensive range of loan products with particular expertise in conventional and government-backed loans, and are known for their efficient processing and community-focused approach.
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Provident Bank
Provident Bank
As one of New Jersey's oldest and most established financial institutions, Provident Bank has deep roots serving communities throughout the state including Irvington. With a 4.6-star rating and extensive branch network across Essex County, they offer exceptional local expertise and personalized mortgage solutions. Their longevity in the market provides stability and trustworthiness that newer lenders can't match. They're particularly strong in first-time homebuyer programs and offer competitive rates with the convenience of local branch support throughout the mortgage process.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as a premier mortgage lender in the Northern New Jersey market with a strong 4.7-star rating and extensive experience serving the Irvington area. Their local Millburn office provides personalized service with the backing of a national lender's resources. They excel in creative financing solutions and have particular expertise in helping borrowers with unique financial situations. Known for their responsive communication and streamlined processes, they offer competitive rates across all loan types and have built a reputation for closing loans efficiently while maintaining exceptional customer service standards.
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Frequently Asked Questions
Common questions about mortgage lending in Irvington, NJ
Are there any special first-time homebuyer programs or grants available specifically for Irvington, NJ?
Yes, Irvington homebuyers can access the New Jersey Housing and Mortgage Finance Agency (NJHMFA) programs, including the First-Time Homebuyer Mortgage Program and the Down Payment Assistance Program. Additionally, the Township itself may offer local grants or incentives; it's recommended to check with the Irvington Department of Economic Development for any active municipal programs designed to promote homeownership.
How does Irvington's property tax rate affect my mortgage qualification and monthly payment?
Irvington has one of the highest property tax rates in Essex County and New Jersey, which significantly impacts your debt-to-income ratio (DTI) during qualification and your total monthly payment. Lenders will carefully factor in these taxes, so it's crucial to get an accurate tax estimate and potentially budget for a higher escrow payment, which can make a substantial difference in affordability compared to nearby towns with lower rates.
What are the most common types of mortgages used by homebuyers in Irvington given its market?
Given Irvington's relatively more affordable home prices within the NYC metro area, FHA loans are extremely popular, especially for first-time buyers, as they allow for lower down payments (3.5%) and more flexible credit requirements. Conventional loans are also common for buyers with stronger credit, and VA loans are an important option for the many veterans and active military personnel in the area.
Does the condition of older homes in Irvington affect the mortgage process?
Absolutely. Irvington has a stock of older homes, and FHA or VA loans, which are common here, require homes to meet specific safety and livability standards (Minimum Property Requirements). It's highly advisable to include an FHA/VA-specific inspection contingency and be prepared for the appraiser to flag issues like peeling paint, faulty wiring, or roof problems, which must be repaired before closing.
Are mortgage rates in Irvington different from the national or state average?
Mortgage rates are primarily set by national markets and your personal financial profile, not your specific town. However, because Irvington is in a high-cost county (Essex) and New Jersey has higher closing costs overall, the *annual percentage rate (APR)* you see may be slightly higher than the national average due to these localized fees and taxes. Shopping with local lenders familiar with NJ-specific costs is key to getting the best deal.
Nearby Cities
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Why Choose a Mortgage Lender in Irvington?
Local Market Knowledge
Lenders who understand Irvington'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 Irvington and get competitive rates on your home loan.