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Atlantic City

Current Mortgage Rates in Atlantic City, New Jersey

Compare mortgage rates and fees for leading lenders in Atlantic City, NJ. 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 lender offering the best mortgage rates in Atlantic City.

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

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Mortgage Rates in Atlantic City, NJ as of August 19, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Atlantic City, NJ Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Atlantic City is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Atlantic City, NJ Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Atlantic City, New Jersey?

The median home value for Atlantic City, NJ (Atlantic County) is $219,006

The median household income for Atlantic City, NJ (Atlantic County) is $59,272

Based on current mortgage rates and a 10% down payment, you need to make $40,633 per year to buy the median priced home in Atlantic City

The home price you can afford to by based on household income in Atlantic City is 146% of the median home value which means housing prices are average

Atlantic City (Atlantic County) ranks 8 out of 21 counties in New Jersey and 2,598 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Atlantic City, NJ is average

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Loan Limits for Atlantic City, New Jersey

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Atlantic City (Atlantic County) below.

Conforming loan limits for Atlantic City, NJ

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Atlantic City, NJ

1 unit: $316,250
2 units: $404,850
3 units: $489,350
4 units: $608,150

VA loan limits for Atlantic City, NJ

1 unit: $484,350

Additional Mortgage Resources for Atlantic City, NJ Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index