Fidelity Residential has a licensed branch in Manalapan, at 1 Yorktowne Drive. We help Manalapan buyers and homeowners choose between a fixed and an adjustable rate, buy a house, townhouse or condominium, and refinance the mortgage they have. We are a direct, licensed mortgage lender, with our New Jersey office on Route 36 in West Long Branch.
Pick the closest, or call and talk it through.
Fidelity Residential · NMLS #103098 · Equal Housing Lender
Manalapan Township has about 40,700 residents and about 15,400 homes, according to the Census Bureau’s American Community Survey estimates for 2020 to 2024. An estimated 89.7 percent of occupied homes are lived in by their owners.
Many households stay a long time. Nearly half, about 48 percent, have lived in their home since before 2010, and an estimated 26.1 percent moved in during the 2000s alone.
Of about 13,400 owner-occupied homes, an estimated 66.5 percent have a mortgage.
Fidelity Residential is a direct mortgage lender licensed in New Jersey under a Residential Mortgage Lender License. Our local office is at 121 NJ-36, Suite 230, West Long Branch, and our licensed branch is at 1 Yorktowne Drive, Manalapan (branch NMLS ID #2103558).
Source: US Census Bureau, American Community Survey 5-year estimates, 2020 to 2024. Estimates, not counts.
A fixed rate and an adjustable rate are both common. The right one depends on how long you expect to keep the loan and how much change in the payment you can accept.
The interest rate is set at closing and stays the same until the loan is paid off, so each monthly payment of principal and interest is the same. It is often chosen by people who plan to keep the home and the loan for a long time.
Fixed rate loansThe rate is fixed for a set number of years, then can change at set times, within limits called caps, so the payment can rise or fall. It is often chosen by people who expect to sell or refinance before or soon after the fixed period ends.
How adjustable rates workA shorter loan has a higher monthly payment but less interest paid over its life; a longer loan has a lower monthly payment but more interest paid overall. A loan officer can show you the choices side by side.
Loan optionsBefore you choose an adjustable rate, ask for the highest payment the caps allow and make sure it fits your budget. A loan officer can quote an adjustable and a fixed rate on the same loan, so you can compare them.
Conventional, FHA, VA and jumbo loans. Each program has its own rules for the down payment, mortgage insurance and the kind of home, and a loan officer can compare them for your situation.
Home purchase loansA condominium needs a project review, alongside the appraisal of the unit itself. For an FHA loan, the project has to meet FHA’s rules and you have to live in the unit as your main residence.
FHA loans in New JerseyA rate-and-term refinance replaces your mortgage with a new one to change the interest rate, the length of the loan, or both, or to move from an adjustable to a fixed rate. Weigh what it costs against the change in your payment.
Refinance optionsTalk to a loan officer before you make an offer, so you know your price range and your cash to close, and share your contract dates so we can plan around them.
Yes. Our licensed branch is in Manalapan, at 1 Yorktowne Drive, licensed under branch NMLS ID #2103558. Fidelity Residential is a dba of PFN Lending Group, Inc. (NMLS #103098), which holds a New Jersey Residential Mortgage Lender License. You can check the licence on NMLS Consumer Access (opens in a new tab).
Our office is at 121 NJ-36, Suite 230, West Long Branch, NJ 07764, and our licensed branch is at 1 Yorktowne Drive, Manalapan, NJ 07726. Call 732-686-9999 to talk with a licensed loan officer.
It depends on how long you expect to keep the loan and how much change in the payment you can accept. A fixed rate keeps principal and interest the same for the life of the loan. An adjustable rate is fixed for a set number of years and then can change, so the payment can rise. If you expect to sell or refinance within a few years, an adjustable rate may be worth comparing; ask for a quote on both.
The rate is reset from the index named in your loan documents plus the margin, within the caps. Your servicer tells you the new rate and payment before the change takes effect.
You can apply to refinance at any time, but a new loan depends on your credit, income and home value at that time, and it has closing costs. Do not count on refinancing as your only plan.
The principal and interest part does not change. If your payment also covers property taxes and homeowners insurance through an escrow account, that part can go up or down when those bills change.
Get a quote online, or call us and talk it through with a licensed loan officer.
This page is general information, not a commitment to lend. Programs, terms and eligibility depend on credit, income, property and underwriting review and are subject to change without notice.
Reviewed by Robert Shamie, CEO, NMLS #241428 · Last reviewed:
Fidelity Residential (PFN Lending Group, Inc., NMLS #103098) is a direct mortgage lender licensed in 40 states and the District of Columbia, with 26 years in business.