The Best Mortgage Lenders in Long Branch, NJ
Compare verified mortgage lenders serving Long Branch, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Long Branch
Featured Mortgage Lenders
Michael D'Agostino
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Red Bank office, led by experienced loan officer Michael D'Agostino, serves as a top-rated mortgage provider for Long Branch and the entire Jersey Shore region. With exceptional 4.9-star ratings across multiple platforms, this branch combines national lending power with local expertise. They're particularly noted for their personalized service, competitive jumbo loan options suited for shore-area properties, and extensive experience with both conventional and government-backed loans. Their team has deep knowledge of Monmouth County's unique real estate market and provides comprehensive guidance through the entire mortgage process.
Loan Types:
Joseph DeFazio
NJ Lenders Corp
NJ Lenders Corp has been a trusted mortgage institution serving Long Branch and Monmouth County for over two decades. With their headquarters conveniently located in nearby Eatontown, they've built an outstanding reputation for competitive rates and exceptional customer service. Specializing in the unique needs of New Jersey homebuyers, they offer comprehensive loan programs including specialized construction loans and jumbo mortgages well-suited for the shore-area market. Their 4.8-star rating reflects consistent customer satisfaction and their team's deep understanding of local real estate dynamics.
Loan Types:
Mortgage Department
First Atlantic Federal Credit Union
First Atlantic Federal Credit Union has been serving the Jersey Shore community, including Long Branch residents, for nearly 90 years. Their mortgage department maintains a strong 4.7-star rating by offering competitive rates and personalized service characteristic of member-owned financial institutions. Located just minutes from Long Branch in Spring Lake Heights, they provide the advantage of local decision-making and relationship-based lending. They're particularly strong in first-time homebuyer programs and offer attractive jumbo loan options for the area's higher-priced properties, backed by their longstanding commitment to the local community.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Long Branch, NJ
Are there any special mortgage considerations for buying a home in Long Branch's flood zones?
Yes, many properties in Long Branch, especially those near the ocean or the Branchport Creek, are in FEMA-designated flood zones. Lenders will require you to purchase flood insurance as a condition of your mortgage, which can add a significant ongoing cost to your monthly housing payment. It's crucial to factor this mandatory insurance into your budget when determining how much house you can afford.
What local down payment assistance programs are available for first-time homebuyers in Long Branch?
Long Branch homebuyers can access the New Jersey Housing and Mortgage Finance Agency (NJHMFA) programs, such as the First-Time Homebuyer Mortgage Program and the Down Payment Assistance (DPA) program. These state-wide programs offer competitive interest rates and grants for down payment and closing costs, which are particularly valuable in Monmouth County's competitive market. Eligibility is based on income and purchase price limits.
How do Long Branch's property taxes impact mortgage qualification and payments?
Long Branch has property tax rates that are above the national average, typical for New Jersey. Lenders will include your estimated monthly property tax escrow as part of your total monthly debt-to-income (DTI) ratio calculation. The high tax burden can significantly affect how much mortgage you qualify for, so it's essential to get accurate tax estimates for any property you're considering.
Are jumbo loans common in the Long Branch mortgage market?
Yes, due to Long Branch's desirable shore location and higher median home prices, jumbo loans (which exceed the conforming loan limits set by Fannie Mae and Freddie Mac) are very common. For 2024, the conforming limit in Monmouth County is $1,149,825; loans above this amount require a jumbo mortgage, which often has stricter credit and reserve requirements and can have slightly higher interest rates.
What should I know about getting a mortgage for a seasonal or investment property in Long Branch?
Long Branch's popularity as a summer destination means many buyers consider purchasing second homes or investment properties. Mortgages for these property types typically require larger down payments (often 20-30%), have higher interest rates, and require stronger credit scores and more cash reserves than primary residence loans. Lenders will also scrutinize potential rental income differently if you plan to rent the property out.
Nearby Cities
Explore mortgage lenders in cities near Long Branch, NJ
Why Choose a Mortgage Lender in Long Branch?
Local Market Knowledge
Lenders who understand Long Branch'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 Long Branch and get competitive rates on your home loan.