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Up for the quarter, down for the year? See what's happening with home affordability in our latest "Income you need to buy a home in the top 50 metro areas".

Up for the quarter, down for the year? See what's happening with home affordability in our latest "Income you need to buy a home in the top 50 metro areas".

Current FHA Mortgage Rates in NJ - New Jersey FHA mortgage

Get FHA mortgage rates

Note: Your loan amount is greater than the value of the property, a condition known as being "underwater".
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New Jersey Mortgages

2023 FHA Loan Limits for New Jersey

FHA Loans are government insured mortgages from the Federal Housing Administration and are an attractive option for homebuyers with small down payments or who have less-than-stellar credit. An FHA-backed loan can also be attractive to homeowners who want to refinance.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

Learn more about FHA loans or calculate FHA loan costs and compare FHA loans against conventional low-downpayment mortgage programs.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2023 FHA loan limits for each county in New Jersey are below.

Select County
County Name One Family Two Family Three Family Four Family
Atlantic One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Bergen One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Burlington One Family$529,000 Two Family$677,200 Three Family$818,600 Four Family$1,017,300
Camden One Family$529,000 Two Family$677,200 Three Family$818,600 Four Family$1,017,300
Cape May One Family$548,550 Two Family$702,250 Three Family$848,850 Four Family$1,054,900
Cumberland One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Essex One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Gloucester One Family$529,000 Two Family$677,200 Three Family$818,600 Four Family$1,017,300
Hudson One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Hunterdon One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Mercer One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Middlesex One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Monmouth One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Morris One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Ocean One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Passaic One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Salem One Family$529,000 Two Family$677,200 Three Family$818,600 Four Family$1,017,300
Somerset One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Sussex One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Union One Family$1,089,300 Two Family$1,394,775 Three Family$1,685,850 Four Family$2,095,200
Warren One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900

Mortgage Rates by State

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