|

New Jersey Mortgage Guides

NJ
State Mortgage Guides

New Jersey Mortgage Guides 2026

This complete New Jersey mortgage guide covers FHA loan limits by county, NJHMFA down payment assistance, USDA rural loans, VA resources for New Jersey veterans, and a complete closing cost breakdown — all in one place.

$1,249,1252026 FHA limit (Bergen / Essex / Hudson)
Up to $15,000NJHMFA Down Payment Assistance
~2.61%Est. effective property tax rate
Seller-paidRealty Transfer Fee & Mansion Tax

Everything You Need for a New Jersey Home Purchase

Six in-depth guides covering every aspect of getting a mortgage in New Jersey — from loan program selection to what you’ll pay at closing.

Key New Jersey Mortgage Guide Facts

FHA Loan Limits (2026)

  • Bergen, Essex, Hudson & 9 other high-cost counties: $1,249,125
  • Burlington, Camden, Gloucester, Salem (Philadelphia metro): $630,200
  • Atlantic & Cape May: $730,250
  • Cumberland, Mercer, Warren (national floor): $541,287
  • Confirm your county at HUD’s official lookup
Full FHA limits →

Down Payment Assistance

  • NJHMFA DPA: up to $15,000 based on county — interest-free, 5-year forgivable second loan, no monthly payment
  • First Generation DPA adds $7,000 more (total $17,000–$22,000) for qualifying first-generation buyers
  • Must be paired with an NJHMFA first mortgage (FHA/VA/USDA/HFA Advantage)
  • Current programs at nj.gov/dca/hmfa
First-time buyer guide →

Property Taxes

  • Statewide average effective rate roughly 2.61% (Est., 2025 data) — varies significantly by municipality, not county
  • Average residential tax bill approximately $10,597 on an average assessed value of ~$468,528
  • New Jersey taxes are set town-by-town, not county-wide like Arizona
  • Details at the NJ Division of Local Government Services
Full tax guide →

Closing Costs

  • Realty Transfer Fee and, on sales over $1 million, a graduated Mansion Tax (1%–3.5%) — both are the seller’s statutory responsibility
  • No buyer-side transfer tax in New Jersey
  • New Jersey is an attorney-review state, unlike Arizona’s escrow model
  • Details at the NJ Division of Taxation
Full closing cost guide →

Buying or Refinancing in New Jersey?

New Jersey has unique considerations — a Realty Transfer Fee and Mansion Tax (both seller-paid), attorney-review closings, and NJHMFA assistance for both first-time and first-generation buyers. Our guides above break down all of it, and every figure links to the official source so you can verify current terms.

  • ✓ Check NJHMFA program eligibility and current terms at nj.gov/dca/hmfa
  • ✓ Confirm your county’s 2026 FHA limit with HUD’s lookup tool
  • ✓ Compare FHA vs. conventional using our loan program guides
  • ✓ Estimate your total cash to close with our closing cost guide

Coming soon  ·  No obligation  ·  Educational first

New Jersey Advisor Network — Coming Soon

We currently connect buyers with licensed mortgage advisors in Florida and Utah. New Jersey is on our expansion list. In the meantime, our New Jersey guides and the official program links above have everything you need to research your purchase.

Join the New Jersey Waitlist