About David
Dave Richards is a New Jersey mortgage professional and military veteran dedicated to helping clients navigate the home financing process with confidence. Specializing in VA home loans, Dave also helps borrowers with conventional, FHA, renovation, and Non-QM financing solutions.
As a veteran, Dave takes pride in helping fellow service members and military families understand and maximize their VA loan benefits while providing the same level of care and guidance to every client he works with.
Serving Ocean, Monmouth, Burlington, and surrounding counties, Dave works with first-time homebuyers, growing families, self-employed borrowers, and real estate investors. He offers flexible financing options including bank statement loans, DSCR investor loans, and alternative income documentation programs for borrowers who may not fit traditional lending guidelines.
Known for responsive communication, honest guidance, and a straightforward approach, Dave is committed to making the mortgage process simple, smooth, and stress-free from application to closing.
Licensed in NJ
Free guides from David
First-Time Buyer Guide
Why own, the 7-step path, the document checklist and the do’s and don’ts — read it here, no download.
Home Buyer Guide
Programs, paperwork and pitfalls — the full buying playbook.
Home Seller Guide
Selling and buying at the same time? Start here.
Where to find David
David works out of our Oceanport, NJ office. Branch NMLS #131520.
What clients say about David
44 client reviews
Verified client reviews via Experience.com
Working with Dave was an outstanding experience from start to finish. He was incredibly knowledgeable, communicated clearly throughout the entire process, and always took the time to answer my questions. He made what could have been a stressful experience feel simple and straightforward. I always knew where we stood, and his professionalism and responsiveness gave me complete confidence every step of the way. I highly recommend Dave to anyone looking for a mortgage lender who truly cares about his clients and makes the process as easy as possible.
Communication was key. Dave walked me through the entire process made a very easy to understand. If I had any questions he and the answer. I would like to personally thank Dave Richards.
Dave Richards is a very honest and very kind man... went way beyond !!
Daves the best! Wouldnt use anyone else.
Dave has been a trusted and proven loan officer for 2 refinaces and 1 home purchase and will continue to be used for all future mortage needs.
Everything went very smooth and any questions I had were answered quickly
Thank you David. #1!!
excellent experience from the start. Thank you
Would definitely recommend advisors. Dave was outstanding. Amy was outstanding. Fast turnaround time.
Communication with one person solely. Looking in to logistics prior to closing (early then done so), to prevent setbacks.
Straight forward and great communication
Dave and Jennifer were absolutely hands down phenomenal throughout the entire process. They made the purchase of our first home simple and painless. We were stressed about buying our first home at first but, with their help everything went flawlessly. I will absolutely use them again for future needs and recommend them to those I know! Thank you Dave and Jenn!!!
Dave was amazing from start to finish. The process was flawless and we couldn't be happier with the choice to entrust Dave with our mortgage. Not to mention, he was able to get us an amazing rate! Dave is the only person that I will use for any future financing needs.
Dave was amazing to work with! He made our process exceptionally easy and stress free. He was in constant communication and answered any question we had in a timely manner. We would definitely refer Dave and know they will be just as satisfied and appreciative as we were!
All phone calls were answered in a calm confident manner. Grace went above and beyond to assist me when an issue came up regarding the title, scheduling multiple three-way calls, with banks and title companies as well as assisting me with computer issues. Thanks to David and Grace
Having someone you feel you can trust, that makes themselves available to answer questions, knowledgeable, kind, responds in a timely manner and wants the process to run as smooth as possible for you.
Dave was great throughout the entire process and got me a better interest rate than anyone else!
Dave was fantastic! He walked me through the process and had an open line of communication throughout. I highly recommend Dave and Advisors Mortgage! Thank you, Dave!
Dave did an amazing job helping us refinance our home!! He always responded quickly to emails and calls and answered all of our questions. Dave kept us informed of every step and truly kept the whole process stress free! We HIGHLY recommended Dave to anyone buying or refinancing!
This is a great company and David Richards was great, i would definitely recommend him
Nothing further to add
David was attentive, personable, and knowledgeable. Answered all my questions throughly, and quickly. Was great to work with
Dave did an amazing job with facilitating our refinance! He was always available to answer every question we had and kept us informed every step of the way. If your looking for a loan officer, look no further…Dave is the guy! -Matt N.
Thank you!
Dave truly was amazing to work with! Throughout the entire process I always knew not to stress over any small issues. He had already started to resolve them by the time I reached out and on occasion already had it handled before I had a moment to look into a resolution! Dave was amazing and I highly recommend him to anybody looking to refinance or purchase!
Latest market updates
The latest PCE inflation report came in cooler than expected, giving both stocks and bonds a boost. Headline inflation rose just 0.3% for the month, while the year-over-year rate fell from 3.7% to 3.4%, better than forecasts. Core inflation, which excludes food and energy, increased only 0.2% and declined from 3.3% to 3.0% annually.
The softer inflation data could reduce pressure on the Federal Reserve to raise rates immediately. New York Fed President John Williams indicated there is no urgency to act following September’s rate hike, although he still expects another increase may be needed later this year.
One area of concern is consumer finances. The savings rate dropped from 4.6% to 4.1%, its lowest level in four years, suggesting consumers continue to spend while saving less.
The inflation report was encouraging for financial markets and showed meaningful progress toward lower inflation, which could help ease some of the upward pressure on interest rates if the trend continues.
Source: MBS Highway
The housing market is shifting in buyers’ favor as more homes become available and competition eases. Redfin reported that,“Sellers outnumbered buyers by 58% in August, the biggest gap in Redfin’s records, driven by a surge in listings and stagnant demand”.
This is the widest gap since Redfin began tracking in 2013. Also interesting is that housing supply reached its highest level in more than a decade, giving buyers more choices and negotiating power.
Affordability remains a challenge, with mortgage rates around 7% and the median existing-home price rising 1.6% year over year. Pending sales and mortgage applications have declined, as high costs and economic uncertainty keep some buyers on the sidelines. Many homeowners are also hesitant to trade their existing low mortgage rates for higher ones.
In some markets, homes are taking longer to sell, prompting sellers to adjust prices and increase marketing efforts. Buyers with substantial cash or home equity are especially well positioned, although the overall sales pace through August remained largely unchanged from last year.
For buyers who are financially ready, greater selection and less competition offer an encouraging opportunity to find a home that fits their needs and budget.
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, bringing the target range to 3.75%–4.00%. The Fed made the move because they feel that inflation remains elevated, while consumer spending, business investment and the labor market continue to show resilience. Higher rates are intended to slow demand and help return inflation to the Fed’s 2% goal.
Although the Fed does not directly set mortgage rates, its decisions influence the bond market and investors’ inflation expectations. When the Fed hikes rates it can be seen as deflationary since it makes borrowing money more expensive and slows down the movement of money. Bond investors’ arch enemy is inflation so a push from the Fed to fight inflation can garner more attention from investors to purchase more bonds which would help mortgage rates decrease. However, the comments following the policy change put pressure on the bond market since Fed Chair Warsh’s comments were seen as “thin” and he also mentioned inflation is still hanging around.
If inflation cools and the Fed wins the trust of the markets by continuing to fight inflation, we could see rates have a chance to improve, but if the opposite occurs rates could continue their trend and increase more. Oil is also a large factor and if we can get it to drop in price it could also assist mortgage rates to improve.
Source : Federal Reserve
