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NJ
New Jersey
2024 Loan Rules & Limits
📊 Loan Limits (2024)
Conforming Limit
$1,149,825
FHFA single-family baseline
FHA Floor
$1,149,825
HUD single-family baseline
High-Cost Area: Parts of New Jersey may qualify for loan limits up to $1,149,825. Check with your lender for county-specific limits.
💰 Tax Climate
State Income Tax
Yes
🏛️ State Housing Agency
HMFA
Available Programs
- NJHMFA First-Time Homebuyer
- HMFA DPA
📋 Lending Notes
NYC metro counties (Bergen, Hudson, Essex, Union, Passaic, Morris, Middlesex, Monmouth, Ocean, Somerset) at maximum limits. Highest property taxes in the nation. Some condos/co-ops have transfer taxes.
Loan limits effective January 1, 2024. Actual limits vary by county. Always verify current limits with your lender or at hud.gov and fhfa.gov.