Deal is one of the most exclusive addresses on the Jersey Shore — a 1.2-square-mile borough of oceanfront estates where the typical home is worth more than anywhere else in New Jersey. Financing here is almost never a standard loan: it’s jumbo or super-jumbo, often for a second home, on a property unlike any other on its street. Sea View Mortgage is a Monmouth County lender, led by President / Loan Officer Philip Wallace, built for exactly these transactions.
Fast closings. Competitive rates. Easy files and hard ones.
Call (732) 443-4859 or start your pre-approval online today.
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Deal (07723) sits on the Atlantic between Long Branch and Asbury Park, about 60 miles south of Manhattan. With only about 900 year-round residents — a population that swells several-fold in summer — it is deliberately quiet: no boardwalk, almost no commercial development, just residential streets, private beach clubs, and some of the most valuable real estate in the state.
What defines the town:
Deal’s market has to be described honestly: it is one of the most expensive small markets in America, and it trades so few homes that no single median tells the whole story. Published 2026 figures put Zillow’s typical home value in Deal at about $4.2 million — the highest of any town in New Jersey — and the median listing price at $5.49 million in June 2026, the highest ZIP code on the northern Shore. Closed-sale medians come in lower and swing widely with whichever estates happen to trade: about $2.65–2.9 million in recent 2026 reports. At any given moment there may be fewer than a dozen homes for sale in the entire borough.
For financing, the conclusion is the same whichever figure you use: nearly every Deal purchase is a jumbo or super-jumbo loan, far above the conforming limit, on a unique property that needs an appraiser who understands this market — and a lender who is comfortable with second homes, asset-based income, and seven- and eight-figure files. That’s the work we do.
(Market figures: Zillow typical home value via Stacker, 2026; Realtor.com median listing price for ZIP 07723, June 2026, via The Wall Street Journal; PropertyShark and Asbury Park Press median sale price reports, 2026. Deal records very few sales per year, so figures vary by source and period — talk to us about what your purchase looks like today.)
Buying in Deal? Start with a real pre-approval from a lender who understands what an estate purchase on Ocean Avenue actually involves.
Call Philip Wallace at (732) 443-4859 or start your pre-approval online.
Nearly always. The 2026 conforming loan limit is $832,750, and typical Deal home values run from the high $2 millions into the $4–5 million range and beyond — so most Deal purchases are financed as jumbo or super-jumbo loans, often several times the conforming limit. Jumbo underwriting is stricter about reserves, appraisals, and documentation, which is why preparation matters here.
Yes — second homes are a large share of this market, and many Deal residences are used seasonally. Second-home loans carry specific occupancy and reserve requirements and typically a larger down payment than a primary residence. We structure the file as a second home from day one, which avoids the mid-process problems out-of-area lenders run into.
Carefully, and locally. Unique, high-value properties often appraise on a small set of comparable sales, sometimes including neighboring towns. The key is an appraiser who regularly values Monmouth County shore estates and a lender who plans for appraisal questions before they become closing conditions. That planning is standard on our Deal files.
Deal has one of the lowest effective tax rates in Monmouth County — about 0.44% — but because assessments are the highest in the county (a median assessment around $5.6 million), the median tax bill is still roughly $23,000 a year, and large oceanfront estates pay considerably more. We map your exact escrows on day one so the real number is in your budget from the start.
Deal has its own K–8 school, Deal School on Roseld Avenue — one of New Jersey’s smallest districts, at roughly 160 students. For grades 9–12, Deal students attend Shore Regional High School in West Long Branch under a sending/receiving relationship. Many Deal families also consider the area’s private schools; we’re happy to talk through how the timing of a purchase interacts with enrollment.
Sea View Mortgage — Philip Wallace, President / Loan Officer, NMLS #404069
Phone: (732) 443-4859
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