Loan Programs Available in New Jersey

Every borrower is different. As a mortgage broker, Barrett Financial Group shops over 100+ wholesale lenders to place the right loan for your scenario — from first-time buyers to seasoned investors.

Conventional Loans

Traditional financing with competitive rates for borrowers with strong credit. The most popular choice for homebuyers in New Jersey.

Low down payment options

Fixed or adjustable rates

No upfront mortgage insurance

Best for borrowers with solid credit

Best For: Borrowers with good to excellent credit who can make a down payment.

FHA Loans

Federal Housing Administration insured loans designed to help more people achieve homeownership with flexible requirements.

Low down payment options

Flexible credit requirements

Gift funds allowed for down payment

Competitive interest rates

Best For: First-time buyers or those with limited savings for down payment.

VA Loans

Exclusive benefit for veterans, active-duty service members, and eligible surviving spouses offering exceptional terms.

Zero down payment required

No private mortgage insurance

Competitive interest rates

Limited closing costs

Best For: Veterans, active military, and eligible spouses in New Jersey.

Jumbo Loans

Financing for properties above conventional loan limits — perfect for luxury homes in high-cost areas like Bergen County.

Finance amounts above conforming limits

Flexible terms available

Primary residence or investment

Rate options for all profiles

Best For: Buyers purchasing luxury properties or homes above conforming limits.

First Time Home Buyer Programs

Specialized programs with down payment assistance, lower rates, and educational resources for first-time buyers in NJ.

Down payment assistance available

Lower credit requirements

Homebuyer education courses

Special grant programs

Best For: Anyone buying their first home who needs extra support getting started.

Refinance Options

Replace your current mortgage with better terms — lower your rate, reduce your monthly payment, or pay off your home faster.

Lower monthly payments

Shorten loan term

Switch from ARM to fixed

Eliminate PMI

Best For: Current homeowners looking to improve their mortgage situation.

Cash Out Refinance

Access your home equity while potentially lowering your rate — use funds for renovations, debt consolidation, or major expenses.

Access up to 80% of equity

Tax-deductible interest (consult CPA)

Single consolidated payment

Fund any purpose

Best For: Homeowners with significant equity who need cash for major expenses.

Investment Property Loans

Financing solutions for rental properties, vacation homes, and fix-and-flip projects throughout New Jersey.

Multi-unit financing available

DSCR-based qualification

Portfolio lending options

Fix & flip programs

Best For: Real estate investors building wealth through property ownership.

Non-Qualified Mortgages (Non-QM)

Flexible loan programs for borrowers whose income or assets don't fit the standard qualified-mortgage box — including self-employed, investors, and foreign nationals.

Bank statement & asset-based qualification

No tax returns required for many programs

Flexible income verification options

Ideal for self-employed & investors

Best For: Self-employed borrowers, investors, and buyers with non-traditional income.