New Jersey Mortgage Loans

At Griffin Funding, we offer a wide variety of traditional loans. We understand that mortgage rates can change quickly, and our goal is to provide you with an affordable mortgage loan in New Jersey.

As one of the top New Jersey mortgage lenders, we have plenty of loan options available. If you are looking for a New Jersey mortgage loan that is a fixed-rate loan, we can help you with that.

Or, if you are looking for a 15-year or 30-year loan, we would be happy to help you. We also offer adjustable-rate New Jersey mortgage loans. You might even be interested in a traditional loan that does not require you to put any money down, such as VA Loans, USDA Loans, or FHA Loans. As one of the most popular mortgage lenders in New Jersey, we can customize your loan to meet your needs.

You might also be wondering if it is difficult to get a mortgage in New Jersey. It is true that there is an application process involved, but there are a lot of factors that will play a role in whether you get approved.

For example, the size of the loan you are trying to qualify for, current market conditions, and your individual financial circumstances will all play a role in the application process. Everyone is in a different situation, and that is why you need to work with a professional who can help you compare the benefits of each loan option as they apply to you. The right loan for one person is not necessarily the right loan for someone else.

At Griffin Funding, we work with borrowers to personalize loan terms. That way, we can help you find the right loan to meet your needs. If you are looking for a partner who can walk with you during this process, count on Griffin Funding.

What Credit Score Do You Need for a Mortgage Loan in New Jersey?

Even though there is no minimum credit score required, most lenders accept people who apply with a credit score of 620 or higher.

The higher your credit score is, the better your chances of getting approved are. Furthermore, you want to get the best terms possible, which is why you must make sure your credit score is as high as possible.

We encourage you to take a look at your credit report before you apply for a mortgage loan. That way, if there are any inaccuracies on your credit report, you can get them corrected before you apply for a loan.

So while your credit score might not necessarily be the deciding factor in if you qualify for a loan, it can have an impact on your loan terms. If you have questions about what you can do to increase your credit score, we encourage you to reach out to us.

There are several ways you can apply for a mortgage loan in New Jersey. For example, you may want to call us directly to speak to our team. You may even want to reach out to us to make an appointment.

Or, if you want to get the process started as quickly as possible, you can fill out an application online. We have tried to make our application as short and as straightforward as possible. That way, you can expedite the process and get the necessary funding to put in a competitive offer on your dream home.

Even though we have plenty of traditional loan options available, we also have Non-QM Loans that might be right for some people.

Some of the non-traditional loan options we offer include:

• DSCR Loans: DSCR loans allow real estate investors and mortgage brokers to qualify for financing based on their debt service coverage ratio (DSCR) rather than through traditional means. By calculating the DSCR, lenders can measure a potential borrower’s operating income in relation to their mortgage debt, and thus determine whether they will be able to repay a loan.
• Asset Based Loans: When you take out an asset-based loan, you’re borrowing against the value of your assets. The more valuable your assets are, the more financing you can receive. This enables borrowers to tap into the equity of their assets and access financing.
• New Jersey Bank Statement Loans: If you are looking for a loan that you can get with nothing but a bank statement, we can help you with that.
• Home Equity Loan: A home equity loan, or HELOAN, lets New Jersey homeowners tap into the equity built up in an existing house to do things like pay down higher interest credit card debt, without changing the rate on the main loan on the home.
• ITIN Loans: For buyers, who are foreign nationals, but are wanting to buy property in New Jersey can qualify for an ITIN mortgage without a Social Security Number.

Because there are so many choices available, we encourage you to reach out to us to speak to our team.

No matter where you are located in New Jersey, we are confident that we can help you.

Some of the areas in New Jersey that we serve include:

If you would like to learn more about the loan options we have available, reach out to us today. We are always available to help you.

If you are looking for a mortgage loan in New Jersey, work with a professional team that can help you find the right option to meet your needs.

We are Griffin Funding, and we are proud to be one of the most popular mortgage lenders in the local area. We can help you find the right loan for your dream home as well. Give us a call today to speak to a member of our team. We look forward to working with you.