Homeowners across New Jersey use second mortgages to fund projects, pay off debt or cover major costs without refinancing. A closed-end home equity loan gives you the full amount at closing and a predictable payment, with the amount you may borrow based on your combined loan-to-value. Every loan is subject to credit approval, and programs vary by borrower, property and lender. Pick your city to see local details and connect with a loan officer.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
New Jersey recording costs: Realty Transfer Fee (RTF) on deeds, paid to the county recording officer when the deed is presented for recording; plus the separate 'mansion tax' on higher-priced residential transfers, paid by the buyer. Your Loan Estimate lists the taxes that apply to your loan.
Where home equity loans activity is highest in New Jersey
| County | loans originated (2024 HMDA) |
|---|---|
| Ocean County | 1,673 |
| Burlington County | 1,566 |
| Camden County | 1,439 |
| Monmouth County | 1,356 |
| Middlesex County | 1,218 |
| Gloucester County | 1,209 |
| Bergen County | 1,149 |
| Morris County | 882 |
| Essex County | 696 |
| Mercer County | 661 |
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Home Equity Loans by city in New Jersey
- Absecon
- Allendale
- Asbury Park
- Ashland
- Atlantic City
- Audubon
- Avenel
- Barrington
- Bayonne
- Beachwood
- Bellmawr
- Belmar
- Bergenfield
- Berlin
- Bernardsville
- Bloomingdale
- Bogota
- Boonton
- Bound Brook
- Bradley Gardens
- Bridgeton
- Brigantine
- Brookdale
- Browns Mills
- Budd Lake
- Butler
- Caldwell
- Camden
- Carlstadt
- Carteret
- Cherry Hill Mall
- Clayton
- Cliffside Park
- Clifton
- Closter
- Collingswood
- Colonia
- Cresskill
- Crestwood Village
- Dayton
- Dover
- Dumont
- Dunellen
- East Franklin
- East Orange
- East Rutherford
- Eatontown
- Echelon
- Edgewater
- Elizabeth
- Elmwood Park
- Emerson
- Englewood
- Englewood Cliffs
- Fair Haven
- Fair Lawn
- Fairview
- Fanwood
- Finderne
- Florham Park
- Fords
- Fort Dix
- Fort Lee
- Franklin
- Franklin Center
- Franklin Lakes
- Franklin Park
- Garfield
- Glassboro
- Glen Ridge
- Glen Rock
- Gloucester City
- Green Knoll
- Greentree
- Guttenberg
- Hackensack
- Hackettstown
- Haddon Heights
- Haddonfield
- Haledon
- Hamilton Square
- Hammonton
- Harrison
- Hasbrouck Heights
- Hawthorne
- Heathcote
- Highland Lakes
- Highland Park
- Hightstown
- Hillsdale
- Hoboken
- Holiday City-Berkeley
- Hopatcong
- Iselin
- Jamesburg
- Jersey City
- Keansburg
- Kearny
- Kendall Park
- Kenilworth
- Keyport
- Kingston Estates
- Kinnelon
- Lake Mohawk
- Laurence Harbor
- Leonia
- Lincoln Park
- Lincroft
- Linden
- Lindenwold
- Linwood
- Little Ferry
- Little Silver
- Lodi
- Long Branch
- Madison
- Madison Park
- Manasquan
- Manville
- Margate City
- Marlton
- Martinsville
- Matawan
- Maywood
- McGuire AFB
- Mercerville
- Metuchen
- Middlesex
- Midland Park
- Milltown
- Millville
- Montvale
- Moorestown-Lenola
- Morganville
- Morris Plains
- Morristown
- Mount Arlington
- Mountainside
- Mystic Island
- New Brunswick
- New Milford
- New Providence
- Newark
- Newton
- North Arlington
- North Caldwell
- North Haledon
- North Plainfield
- Northfield
- Norwood
- Oakland
- Ocean Acres
- Ocean City
- Oceanport
- Old Tappan
- Oradell
- Palisades Park
- Palmyra
- Paramus
- Park Ridge
- Passaic
- Paterson
- Paulsboro
- Perth Amboy
- Phillipsburg
- Pine Hill
- Pine Lake Park
- Pitman
- Plainfield
- Pleasantville
- Point Pleasant
- Pomona
- Pompton Lakes
- Princeton
- Princeton Meadows
- Prospect Park
- Rahway
- Ramblewood
- Ramsey
- Ramtown
- Red Bank
- Ridgefield
- Ridgefield Park
- Ridgewood
- Ringwood
- River Edge
- Robertsville
- Roseland
- Roselle
- Roselle Park
- Rumson
- Runnemede
- Rutherford
- Salem
- Sayreville
- Secaucus
- Short Hills
- Smithville
- Somerdale
- Somers Point
- Somerset
- Somerville
- South Amboy
- South Plainfield
- South River
- Spotswood
- Springdale
- Stratford
- Strathmore
- Succasunna
- Summit
- Tenafly
- Tinton Falls
- Totowa
- Trenton
- Twin Rivers
- Union Beach
- Union City
- Upper Montclair
- Upper Saddle River
- Ventnor City
- Villas
- Vineland
- Waldwick
- Wallington
- Wanaque
- Washington
- Watchung
- West Freehold
- West Long Branch
- West New York
- Westfield
- Westwood
- Wharton
- White Horse
- White Meadow Lake
- Williamstown
- Wood-Ridge
- Woodbury
- Woodcliff Lake
- Woodland Park
- Yardville
- Yorketown
Common questions
What does lien position mean for me as a borrower?
Lien position sets the order in which lenders are repaid from a sale or foreclosure. Your first mortgage is repaid first, and a home equity loan second. As a borrower, the practical effect shows up when you refinance: your second lender may need to agree to remain behind the new first mortgage through subordination. If they decline, you may need to pay off the second loan.
What does combined loan-to-value mean?
Combined loan-to-value, or CLTV, compares the total of every loan secured by your home with its appraised value. Lenders add your first mortgage balance to the requested home equity loan and check that the total stays under their ceiling. Each lender sets its own limit, and it can differ by occupancy and credit. The more equity you have, the more room you may have to borrow.
Can I have a home equity loan and a HELOC at the same time?
It is possible, but adding a third lien is uncommon and many lenders will not lend behind two existing loans. More often, the new home equity loan pays off an existing HELOC at closing so the borrower has one fixed second mortgage instead of a variable line. A loan officer can review your title and existing liens to see what may be allowed.
Related guides
- What Is a Second Mortgage?
- HELOC vs. Home Equity Loan: Which Way to Tap Your Equity
- Cash-Out Refinance vs. HELOC: Choosing How to Use Your Equity
- First-Time Home Buyer Programs in New Jersey
Home Equity Loans overview · New Jersey mortgage overview
- 2024 Home Mortgage Disclosure Act (HMDA) data; U.S. Census Bureau Building Permits Survey 2025