THE FHA IN NEW JERSEY

FHA loans have been helping New Jersey residents since 1934 

 

A licensed New Jersey FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing

 

New Jersey First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in New Jersey with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

New Jersey FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

New Jersey FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you are not left to figure out everything completely on your own.  

 

New Jersey FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

New Jersey FHA Lending Limits 2022

New Jersey Median Home Sale Price Price $285,000

 

County Name Single Duplex 3 Unit 4 Unit
ATLANTIC $316,250 $404,850 $489,350 $608,150
   ATLANTIC CITY-HAMMONTON, NJ
BERGEN $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
BURLINGTON $379,500 $485,800 $587,250 $729,800
   PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-D
CAMDEN $379,500 $485,800 $587,250 $729,800
   PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-D
CAPE MAY $414,000 $530,000 $640,650 $796,150
   OCEAN CITY, NJ
CUMBERLAND $275,665 $352,950 $426,625 $530,150
   VINELAND-BRIDGETON, NJ
ESSEX $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
GLOUCESTER $379,500 $485,800 $587,250 $729,800
   PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-D
HUDSON $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
HUNTERDON $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
MERCER $345,000 $441,650 $533,850 $663,450
   TRENTON, NJ
MIDDLESEX $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
MONMOUTH $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
MORRIS $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
OCEAN $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
PASSAIC $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
SALEM $379,500 $485,800 $587,250 $729,800
   PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-D
SOMERSET $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
SUSSEX $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
UNION $636,150 $814,500 $984,525 $1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
WARREN $372,600 $477,000 $576,550 $716,550
   ALLENTOWN-BETHLEHEM-EASTON, PA-NJ