Compare Current Union, New Jersey Mortgage Rates

Compare Union, NJ mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Union.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Union. Plus, shopping lenders is free and there is no obligation.

Compare Today's Union, NJ Mortgage Rates

August 2, 2025

Current mortgage rates in Union, NJ are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

How Affordable is Housing in Union, New Jersey?

Below we provide helpful information on the real estate market, home prices and housing affordability in Union. Understand how much you need to earn to afford a home in Union, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Union fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Union is right for you.

The median home value for Union, NJ is $509,846

Based on current mortgage rates and a 10% down payment, you need to make $106,362 per year to buy the median priced home in Union

With this income, you could qualify for a $458,862 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Union is $2,463

The median household income for Union, NJ is $88,031

Based on this income, you can afford a home valued at approximately $421,975

The home price you can afford to buy based on household income in Union is 83% of the median home value which means housing prices are expensive. Union ranks 18 out of 21 counties in New Jersey and 2,983 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Union, NJ is expensive

Loan Limits for Union, New Jersey

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Union below.

Conforming loan limits for Union, NJ

FHA loan limits for Union, NJ

Additional Mortgage Resources for Union, NJ Residents

Mortgage Rates for New Jersey Cities