The Best Mortgage Lenders in Trenton, NJ
Compare verified mortgage lenders serving Trenton, New Jersey. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Trenton
Featured Mortgage Lenders
Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage is a top-rated lender with a strong local presence in the Trenton area, operating out of Hamilton, NJ. Known for exceptional customer service, personalized guidance, and competitive rates, they have over 60 years of experience and offer a wide range of loan products. Their high ratings and substantial review count reflect reliability and customer satisfaction, making them a preferred choice for homebuyers in Mercer County.
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Newrez LLC
Newrez LLC
Newrez is a reputable nationwide mortgage lender with a significant presence in New Jersey, serving Trenton with competitive rates and efficient loan processing. Founded in 2008, they have built a strong track record for offering diverse loan options and excellent customer support. Their ratings and review count highlight their commitment to reliability and borrower satisfaction in the regional market.
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loanDepot
loanDepot, LLC
loanDepot is a highly-rated national lender known for its digital-first approach, competitive rates, and extensive loan products, effectively serving the Trenton area. With over a decade of experience, they provide efficient online tools and dedicated support, resulting in high customer satisfaction and a substantial review base. Their modern solutions and strong reputation make them a top option for borrowers seeking convenience and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in Trenton, NJ
Are there any special first-time homebuyer programs available specifically for Trenton, NJ?
Yes, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers several programs, including the First-Time Homebuyer Mortgage Program and the Down Payment Assistance Program, which are available to eligible buyers in Trenton. Additionally, the City of Trenton may offer local grants or assistance, so it's wise to check with the Trenton Department of Housing and Economic Development for any city-specific initiatives.
How do property taxes in Trenton impact my mortgage affordability?
Trenton has a notably high effective property tax rate, which is a significant factor in your monthly mortgage payment. Lenders will include these taxes in your debt-to-income ratio calculation, so it's crucial to budget for this expense. Shopping for a home with this in mind can prevent payment shock and ensure you qualify for a loan amount that is truly affordable.
What is the typical down payment required for a mortgage on a Trenton home?
While conventional loans often require 5-20% down, many Trenton buyers utilize FHA loans, which require as little as 3.5% down, making homeownership more accessible in the city's market. For eligible buyers, the NJHMFA's down payment assistance can further reduce this initial cash requirement, sometimes to zero.
Are there specific loan considerations for buying a multi-family home in Trenton?
Yes, Trenton has many two-to-four unit properties, and financing them requires a different approach. You'll typically need a higher down payment (often 15-25%) and must qualify using both the projected rental income and your personal income. These loans are well-suited for owner-occupants looking to generate rental income to help cover the mortgage.
How do I navigate the appraisal process for older, historic homes in Trenton neighborhoods like Mill Hill or Cadwalader Heights?
Appraising historic or older homes in Trenton requires an appraiser with specific experience in valuing unique properties and understanding local historic preservation guidelines. Lenders may require additional inspections for structural integrity and major systems. It's important to work with a local lender familiar with these nuances to ensure the process goes smoothly.
Nearby Cities
Explore mortgage lenders in cities near Trenton, NJ
Why Choose a Mortgage Lender in Trenton?
Local Market Knowledge
Lenders who understand Trenton'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 Trenton and get competitive rates on your home loan.