The Best Mortgage Lenders in Oxford, NJ
Compare verified mortgage lenders serving Oxford, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Oxford
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with strong local presence in Northwest New Jersey, serving Oxford and surrounding Warren County areas. They are particularly praised for their personalized service, competitive rates, and expertise with various loan programs including first-time homebuyer assistance. Their local loan officers have deep knowledge of the Oxford real estate market and provide comprehensive guidance through the entire mortgage process.
Loan Types:
Fulton Bank
Fulton Bank, N.A.
Fulton Bank has been serving Northwest New Jersey communities for over a century, with multiple branches conveniently located near Oxford. They offer a full range of mortgage products with competitive rates and are known for their community-focused approach. Customers consistently praise their knowledgeable loan officers, straightforward application process, and reliable customer service for both purchase and refinance transactions.
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First Northern Federal Credit Union
First Northern Federal Credit Union
First Northern FCU is a well-established credit union serving Warren County residents, including Oxford, with competitive mortgage rates and personalized service. As a member-owned financial institution, they often offer lower fees and more flexible underwriting than traditional banks. They excel at guiding first-time homebuyers through the process and are known for their responsive communication and local decision-making capabilities.
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Frequently Asked Questions
Common questions about mortgage lending in Oxford, NJ
What are the typical property tax rates in Oxford, NJ, and how do they impact my mortgage payment?
Oxford Township in Warren County has a relatively high effective property tax rate, typically around 2.5% to 2.8% of assessed value. This significantly impacts your total monthly mortgage payment, as lenders will escrow these taxes. For a $300,000 home, you could budget for $7,500-$8,400 annually in taxes, adding $625-$700 to your monthly payment.
Are there any specific first-time homebuyer programs or grants available for purchasing in Oxford, NJ?
Yes, New Jersey offers several statewide programs accessible to Oxford buyers. The NJHMFA First-Time Homebuyer Program provides competitive fixed-rate mortgages and down payment assistance. Additionally, the "NJHLAG" program offers low-interest loans. It's also wise to check with Warren County for any local housing initiatives or grants that may be available.
How does Oxford's rural/suburban market affect the mortgage appraisal process?
Oxford's semi-rural setting with a mix of older homes, newer subdivisions, and larger lots can make appraisals more nuanced. Appraisers must find good "comps" (comparable sales), which can be challenging if your property is unique or on significant acreage. This may occasionally lead to appraisal gaps, so having extra funds or an appraisal contingency in your contract is prudent.
What should I know about well and septic system requirements for an Oxford mortgage?
Many homes in Oxford are not on public water and sewer, so mortgages for properties with private wells and septic systems are common. Lenders will typically require a water potability test and a septic inspection certificate as a condition of the loan. Ensure these inspections are scheduled early in the process to avoid delays.
Are USDA Rural Development loans a viable option for mortgages in Oxford, NJ?
Absolutely. Oxford, NJ, is located in an area eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This can be an excellent option given Oxford's designation, but income limits and property eligibility apply, so you must confirm your specific address qualifies with a lender.
Nearby Cities
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Why Choose a Mortgage Lender in Oxford?
Local Market Knowledge
Lenders who understand Oxford'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 Oxford and get competitive rates on your home loan.