New Jersey · Home purchase

Best lenders for low-down-payment buyers in Passaic County, NJ

Putting down less than 5% (a 95%+ loan-to-value) makes some lenders cautious. These are the ones that still approve low-down buyers. Based on 7,528 low-down-payment home-purchase decisions in Passaic County reported to the federal government, 2018–2025 — ranked by how often each lender actually approved, adjusted for sample size.

Low-down-payment approval
85.9%
6,463 of 7,528
Denial rate
14.1%
1,065 denied
Decisions
7,528
2018–2025

For low-down-payment buyers in Passaic County, lenders approved 85.9% — 3 points below the 89% all-buyer average in the county.

Top lenders for low-down-payment buyers in Passaic County

Lenders with 25+ low-down-payment buyers decisions here, ranked by a sample-size-adjusted approval rate.

LenderApprovalDecisionsDeniedAvg. rate spread
Freedom Mortgage Corporation
Boca Raton, FL
96.8%1545+0.86 pp
Nj Lenders Corp
Little Falls, NJ
94.7%33718+0.66 pp
Crosscountry Mortgage, Llc
Cleveland, OH
94.3%33119+0.91 pp
American Financial Network, Inc.
Brea, CA
94.6%22212+1.23 pp
Northpointe Bank
Grand Rapids, MI
95.0%1799+0.82 pp
Nationwide Mortgage Bankers, Inc.
Melville, NY
94.7%1508+1.43 pp
Absolute Home Mortgage
Fairfield, NJ
92.6%24418+0.95 pp
United Mortgage Corp.
Melville, NY
93.0%18613+1.10 pp
Homebridge Financial Services, Inc
Iselin, NJ
91.3%30927+0.96 pp
Paramount Residential Mortgage
Corona, CA
90.9%32830+0.94 pp
Nations Lending Corporation
Independence, OH
91.2%13712+1.22 pp
Guaranteed Rate, Inc.
Chicago, IL
89.2%20322+0.63 pp
Loandepot.com Llc
Irvine, CA
89.3%14916+0.99 pp
American Neighborhood Mortgage Acceptance Company
Mt. Laurel, NJ
88.5%15618+1.22 pp
Movement Mortgage, Llc
Indian Land, SC
87.2%10914+0.79 pp

Why low-down-payment buyers were denied here

Debt-to-income ratio39% of denialsCollateral (value/type)25% of denialsOther15% of denialsCredit history12% of denialsIncomplete application11% of denials

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Other buyer situations in Passaic County

Best FHA lendersBest VA lendersBest lenders for high debt-to-income buyersBest lenders for lower-income buyersBest investment-property lenders

Best low-down-payment lenders in other NJ counties

AtlanticBergenBurlingtonCamdenCape MayCumberlandEssexGloucesterHudsonHunterdonMercerMiddlesexMonmouthMorrisOceanSalemSomersetSussexUnionWarren

Source: CFPB HMDA data, 2018–2025 · first-lien home-purchase mortgages on 1–4 family homes, low-down-payment buyers in Passaic County, NJ. Rankings describe past approval behavior, not a prediction for your loan. Methodology →