New Jersey · Home purchase

Best lenders for low-down-payment buyers in Somerset 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 3,628 low-down-payment home-purchase decisions in Somerset County reported to the federal government, 2018–2025 — ranked by how often each lender actually approved, adjusted for sample size.

Low-down-payment approval
86.4%
3,135 of 3,628
Denial rate
13.6%
493 denied
Decisions
3,628
2018–2025

For low-down-payment buyers in Somerset County, lenders approved 86.4% — 6 points below the 92% all-buyer average in the county.

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

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

LenderApprovalDecisionsDeniedAvg. rate spread
Crosscountry Mortgage, Llc
Cleveland, OH
97.4%1143+0.79 pp
Movement Mortgage, Llc
Indian Land, SC
95.2%1055+0.81 pp
Caliber Home Loans, Inc.
Fort Washington, PA
93.7%795+0.81 pp
Absolute Home Mortgage
Fairfield, NJ
94.2%523+0.91 pp
Advisors Mortgage Group, Llc
Ocean, NJ
91.1%797+0.74 pp
Mlb Residential Lending, Llc
Springfield, NJ
91.7%605+1.25 pp
Paramount Residential Mortgage
Corona, CA
88.6%11413+1.14 pp
Guaranteed Rate, Inc.
Chicago, IL
89.5%869+0.54 pp
Nj Lenders Corp
Little Falls, NJ
88.8%9811+0.67 pp
Gateway First Bank
Jenks, OK
89.3%758+0.97 pp
American Neighborhood Mortgage Acceptance Company
Mt. Laurel, NJ
87.6%9712+1.07 pp
Loandepot.com Llc
Irvine, CA
86.8%9112+1.05 pp
Homebridge Financial Services, Inc
Iselin, NJ
88.5%617+0.86 pp
Fulton Bank, National Association
Lancaster, PA
88.0%506+0.21 pp
Weichert Financial Services
Morris Plains, NJ
86.0%507+0.95 pp

Why low-down-payment buyers were denied here

Debt-to-income ratio36% of denialsCollateral (value/type)28% of denialsOther14% of denialsCredit history13% of denialsInsufficient cash to close9% of denials

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Other buyer situations in Somerset County

Best FHA lendersBest VA lendersBest jumbo 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 MayCumberlandEssexGloucesterHudsonHunterdonMercerMiddlesexMonmouthMorrisOceanPassaicSalemSussexUnionWarren

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