FHA Loan Limits in all New Jersey Counties
The Federal Government recognized that home prices vary across the county, even within each state. Therefore, it allows for greater amounts to be borrowed in areas where the home prices are higher. Below is an easy reference chart for you to find the current maximum FHA loan amount for your NJ county. Keep in mind that the New Jersey FHA Mortgage Higher Loan Limits are Extended through 2010.
County Name Single Family Duplex Tri-plex Four-plex
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ATLANTIC $453,750 $580,850 $702,150 $872,600
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BERGEN $729,750 $934,200 $1,129,250 $1,403,400
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BURLINGTON $420,000 $537,650 $649,900 $807,700
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CAMDEN $420,000 $537,650 $649,900 $807,700
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CAPE MAY $487,500 $624,100 $754,350 $937,500
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CUMBERLAND $405,000 $518,450 $626,700 $778,850
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ESSEX $729,750 $934,200 $1,129,250 $1,403,400
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GLOUCESTER $420,000 $537,650 $649,900 $807,700
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HUDSON $729,750 $934,200 $1,129,250 $1,403,400
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HUNTERDON $729,750 $934,200 $1,129,250 $1,403,400
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MERCER $440,000 $563,250 $680,850 $846,150
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MIDDLESEX $729,750 $934,200 $1,129,250 $1,403,400
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MONMOUTH $729,750 $934,200 $1,129,250 $1,403,400
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MORRIS $729,750 $934,200 $1,129,250 $1,403,400
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OCEAN $729,750 $934,200 $1,129,250 $1,403,400
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PASSAIC $729,750 $934,200 $1,129,250 $1,403,400
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SALEM $420,000 $537,650 $649,900 $807,700
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SOMERSET $729,750 $934,200 $1,129,250 $1,403,400
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SUSSEX $729,750 $934,200 $1,129,250 $1,403,400
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UNION $729,750 $934,200 $1,129,250 $1,403,400
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WARREN $402,500 $515,250 $622,850 $774,050
Don’t forget to check out my article about
New Jersey FHA Mortgage and Multi-Unit Properties for First Time Home Buyers
Please contact us at 201-943-6800 to schedule your FREE No-Obligation Consultation where we will meet to tailor a program to fit your needs and comfort level for monthly payments and investments.
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I hope you have enjoyed this blog.
Until next time,
Tony
201-943-6800
P.S. Also, make sure you register for our Insider Mortgage Secrets, browse our HomeBuying Resources section and fill-out a free no-obligation secure online application or call our Edgewater, New Jersey (NJ) office in Bergen County (New Jersey Gold Coast) at 201-943-6800 with any questions you have.
P.P.S. CLICK HERE to check out our FREE Credit Repair Program.
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