Garden State Home Loans Mortgage Review 2022

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At a glance

Garden State Home Loans

NMLS: 473163

4.7

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Bankrate Score

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Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity loan; construction and renovation loans
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Nationwide availability

Available in Connecticut, Delaware, Florida, Maryland, Michigan, New Jersey, New York, Pennsylvania and Virginia
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Min. credit score required

640 for conventional loans

Pros and cons

Pros

  • Convenient online chat feature to connect with loan officers
  • Closings on purchases can take as little as 20 days
  • A+ Better Business Bureau rating

Cons

  • Only available in some states
  • Doesn’t display rates or fees online

Garden State Home Loans overview

Headquartered in Cherry Hill, New Jersey, Garden State Home Loans has funded more than $4 billion in loans for more than 20,000 borrowers since its founding in 2011. The lender offers preapprovals online, and closings on a purchase typically happen within 20 to 40 days.

Good for

Borrowers in select states who want a fairly quick closing process and loan officers who can respond seven days a week

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term and cash-out refinancing
  • Home equity loan
  • Construction and renovation loans

Lender fees

Garden State Home Loans does not provide lender fee information on its website, but does claim to have “very minimal fees and low overhead.” Fees can vary by loan type, but are typically 1 percent to 2 percent of the home’s purchase price.

Rates

You won’t find mortgage rates publicly listed on the Garden State Home Loans website. Instead, you need to complete a request form. The lender does indicate that rates for condos are approximately 0.125 percent to 0.250 percent higher than rates for single-family homes.

Online services 

The Garden State Home Loans website offers an online application process, and you’ll be able to track the progress of your loan using the company’s online portal. There is a suite of calculators available, too.

Minimum borrower requirements

You’ll need a minimum credit score of 640 for most of Garden State Home Loans’ offerings, but there are a few exceptions that will accommodate a score as low as 580. Currently, there might be additional requirements for anyone with a credit score below 700, namely having more verifiable assets in a checking or savings account.

Refinancing with Garden State Home Loans 

Garden State Home Loans offers rate-and-term and cash-out refinancing. The refinance rates and fees are not available online. 

Not sure if Garden State Home Loans is right for you? Consider these alternatives

Breakdown of Garden State Home Loans overall review score

  • Affordability: 4/5
  • Availability: 5/5
  • Borrower experience: 5/5

Review methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates 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. Here is our full methodology.

Garden State Home Loans consumer reviews

5.0

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505 reviews

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498
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2

Customer service rating

Knowledge
5.0
Level of service
5.0
Professionalism
5.0
Responsiveness
5.0

99% of reviews would recommend this lender

9 of 10 rates honored

Review this lender

Write a review of your experience with Garden State Home Loans.

10 of 188 reviews

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.

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.

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Smooth, stress free Rifi. Best team

Lev Hasidashvili | E. Brunswick, NJ | 5/24/2021

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Smooth process with exceptional care

Gaurav | NJ | 6/2/2021

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Outstanding experience with Garden State Home Loans

Jenny L | Fairfield County, CT | 6/17/2021

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Super Fast and easy refinance.

Mark D | CT | 6/18/2021

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Process was smooth communication perfect

Perfect | New Jersey | 7/7/2021

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Home Refinance

Dave Larson | Delran, NJ | 7/12/2021

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Quick / Easy / Accurate

FS | Pittsburgh, PA | 8/12/2021

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Awesome experience!

Marina | Pennsylvania | 8/15/2021

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Out standing company to do business, all staff are excellent people, well communicated on time.

Sankar M Pillai | Edison NJ | 8/18/2021

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Prompt and courteous

Ivo | Stamford, CT | 8/25/2021

Written by
David McMillin
Contributing writer
David McMillin is a contributing writer for Bankrate and covers topics like credit cards, mortgages, banking, taxes and travel. David's goal is to help readers figure out how to save more and stress less.
Edited by
Mortgage editor