Who can use the benefit
Veterans discharged under conditions other than dishonorable, service members still serving, Reserve and National Guard members, and certain surviving spouses. VA, not the lender, decides eligibility.
New Jersey
VA home loans in New Jersey
A VA loan is a mortgage for eligible veterans, service members, Reserve and National Guard members and certain surviving spouses, made by a lender and partly backed by the Department of Veterans Affairs. We offer VA loans to buyers and homeowners in Monmouth County, along the Jersey Shore and across New Jersey.
- Direct, licensed mortgage lender
- NMLS #103098
- Equal Housing Lender
Start your VA loan
Read how eligibility works, then talk it through.
Fidelity Residential · NMLS #103098 · Equal Housing Lender
Local lender
Why work with a New Jersey lender
Fidelity Residential is a direct mortgage lender licensed in New Jersey under a Residential Mortgage Lender License. Our New Jersey 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).
We can usually request your Certificate of Eligibility from VA for you, and a loan officer goes through the VA appraisal and the funding fee with you before you make an offer.
The basics
How a VA loan works
The guarantee is VA’s promise to repay the lender part of its loss if the loan is not repaid.
The Certificate of Eligibility
It shows whether you are eligible, how much of the benefit is available and whether you pay the funding fee. We can usually request it from VA for you.
The VA funding fee
There is no monthly mortgage insurance. Most borrowers pay a one-time funding fee, which can be added to the loan; veterans receiving compensation for a service-connected disability, and some others, are exempt.
How it works
The steps to a VA loan in New Jersey
- Eligibility first. We request your Certificate of Eligibility from VA; if VA needs proof of service, we tell you what to send.
- Apply and send documents. Your income, savings and debts are reviewed using VA’s rules, which look at the income left over each month as well as your debts.
- The VA appraisal. VA assigns the appraiser, who values the home and lists any repairs needed to meet VA’s property standards. It is not a home inspection, so VA recommends one.
- Value notice and closing. If the price is above the value, you can pay the difference, renegotiate or cancel under the VA clause in your contract.
Already own a home?
VA refinances in New Jersey
With either option, the new loan must give you a clear benefit.
Interest Rate Reduction Refinance Loan
Usually needs no appraisal or income check, must pass VA’s benefit test and gives no cash back.
VA cash-out refinance
Replace a VA loan or any other mortgage with a new VA loan and take cash from your home’s value. You must live in the home.
Talk it through
A loan officer checks your Certificate of Eligibility and which option fits your home. Refinancing your mortgage.
Questions
Questions from New Jersey veterans
Do you offer VA loans in New Jersey?
Yes. Fidelity Residential is a dba of PFN Lending Group, Inc. (NMLS #103098), which holds a New Jersey Residential Mortgage Lender License. You can check it on NMLS Consumer Access (opens in a new tab).
Where are you located?
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.
Can I use my VA benefit more than once?
Yes. The benefit can usually be restored once the home is sold and the loan paid off, and in some cases restored once without selling. Ask your loan officer to check your certificate.
Can I buy a two-family home in New Jersey with a VA loan?
Yes, a home of up to four units can be bought when you live in one of them. A condominium needs to be in a project VA has approved.
Is the funding fee the same for everyone?
No. It depends on your down payment and whether you have used the benefit before, and some borrowers are exempt. Your loan estimate shows the amount.
How long does a VA loan take to close?
Often about three to four weeks once the file is complete; the VA appraisal and the value notice set the pace.
Talk about a VA loan in New Jersey
Get a quote online, or call and plan your purchase 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.