
Ally Bank
4.9 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
Garden State Home Loans is good for borrowers in need of a swift closing process and the ability to chat online with loan officers.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing; home equity loan; construction loans; non-QM
Min. credit score required
640 for conventional loans
Nationwide availability
Available in 13 states, including Florida, New Jersey, New York, Pennsylvania, Texas and Virginia
Min. down payment
3% for conventional loans; 3.5% for FHA loans; none for VA loans or USDA loans
NMLS: 473163
5.0
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing; home equity loan; construction loans; non-QM
Nationwide Availability
Available in 13 states, including Florida, New Jersey, New York, Pennsylvania, Texas and Virginia
Min. credit score required
640 for conventional loans
Headquartered in Cherry Hill, New Jersey, Garden State Home Loans has funded $10 billion in loans since its founding in 2011. The lender offers preapprovals online, typically in 24 hours or less, and its purchase loans close in an average of 21 days to 23 days (and as few as 11 days, in some cases), faster than the industry average and potentially sooner compared to other lenders.
Convenient online chat feature to connect with loan officers
Closings on purchases can take as little as 11 days
A+ Better Business Bureau rating
Available primarily on the East Coast
Rates only available on sign-up
Garden State Home Loans is good for borrowers in need of a swift closing process and the ability to chat online with loan officers.
To determine Garden State Home Loans’s Bankrate Score, Bankrate’s editorial team rated it and other lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. (Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews.) We derived its overall score by considering three basic factors:
Affordability differs from lender to lender, so comparing costs is key. Garden State Home Loans boasts attractively low rate offers on different kinds of mortgages. The lender charges fees, but you won’t receive all-in cost details specific to your situation unless you share your contact information.
This factor can make the overall mortgage application process smoother or more challenging. Garden State Home Loans is based in New Jersey and works with borrowers in several East Coast states, Michigan, Tennessee and Texas. The lender offers both conventional loans and government-insured loans (FHA, VA and USDA), as well as jumbo loans for higher-priced properties. In addition, it offers some specialty products for investors like debt service coverage ratio (DSCR) loans and other non-qualified (non-QM) loans. Generally, you’ll need a credit score of at least 640 to be eligible for a conventional loan, but there are also loan options for those with scores as low as 580.
Know what to expect when you work with a specific lender. Since being established in 2011, Garden State Home Loans has funded $10 billion in mortgages for tens of thousands of borrowers. The lender is accredited by the Better Business Bureau and has an A+ rating from the organization. You can apply for a preapproval (and your loan) online through the Garden State Home Loans website. You can also track the progress of your loan through the lender’s online portal, and ask questions via chat. The lender is available Monday through Friday from 8 a.m. to 7 p.m. ET, and 10 a.m. to 2 p.m. ET on weekends. You can also make an appointment with a loan officer outside those hours, if needed.
If you’re interested in a mortgage through Garden State Home Loans, you can request a quote and begin the preapproval process on the lender’s website. The lender’s loan officers often have flexible availability, so you can get in touch with yours outside of business hours. Here are some tips to prepare for the process:
You can refinance your existing mortgage through Garden State Home Loans, but similar to applying for a purchase loan, you’ll begin the process by providing your contact information so that a loan officer can assist you.
![]()
Rating: 5 stars out of 5
5.0
Bankrate Score
|
||
---|---|---|
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing; home equity loan; construction loans; non-QM |
Loans offered Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; investment property; flex-term |
Loans offered Conventional, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; jumbo |
Min. credit score required 640 for conventional loans |
Min. credit score required 620 for conventional loans, 680 for jumbo loans, 580 for FHA loans, 580 for VA loans |
Min. credit score required 620 for conventional loans, 500/580 for FHA loans |
Down payment 3% for conventional loans; 3.5% for FHA loans; none for VA loans or USDA loans |
Down payment 3% for conventional loans; 10%-15% for jumbo loans; 3.5% for FHA; none for VA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans |
Nationwide availability Available in 13 states, including Florida, New Jersey, New York, Pennsylvania, Texas and Virginia |
Nationwide availability All U.S. states |
Nationwide availability Available in Alabama, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, New Hampshire, New Jersey, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Washington and Wisconsin |
NMLS: 473163
5.0
559 ratings
This lender has 25 reviews.
99% of customers would recommend this lender.
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?