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Is this the year that a reverse mortgage or HECM is right for you -- or your parents? Read our comprehensive guide to HECMs and RMs.

Is this the year that a reverse mortgage or HECM is right for you -- or your parents? Read our comprehensive guide to HECMs and RMs.

Current FHA Mortgage Rates in New Jersey : HSH.com's FHA/VA Showcase

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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

2020 FHA Loan Limits for New Jersey

FHA Loans are government insured loans from the Federal Housing Administration and are an attractive option for homebuyers 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.

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 2020 FHA Loan Limits for each county in New Jersey are below.

County NameOne FamilyTwo FamilyThree FamilyFour Family
AtlanticOne Family$331,760Two Family$424,800Three Family$513,450Four Family$638,100
BergenOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
BurlingtonOne Family$408,250Two Family$522,600Three Family$631,750Four Family$785,100
CamdenOne Family$408,250Two Family$522,600Three Family$631,750Four Family$785,100
Cape MayOne Family$414,000Two Family$530,000Three Family$640,650Four Family$796,150
CumberlandOne Family$331,760Two Family$424,800Three Family$513,450Four Family$638,100
EssexOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
GloucesterOne Family$408,250Two Family$522,600Three Family$631,750Four Family$785,100
HudsonOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
HunterdonOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
MercerOne Family$345,000Two Family$441,650Three Family$533,850Four Family$663,450
MiddlesexOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
MonmouthOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
MorrisOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
OceanOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
PassaicOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
SalemOne Family$408,250Two Family$522,600Three Family$631,750Four Family$785,100
SomersetOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
SussexOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
UnionOne Family$765,600Two Family$980,325Three Family$184,925Four Family$1,472,550
WarrenOne Family$372,600Two Family$477,000Three Family$576,550Four Family$716,550
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