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Atlantic City

Compare Current Atlantic City, New Jersey Mortgage Rates

Compare Atlantic City, 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 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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Atlantic City, NJ Mortgage Rates as of June 15, 2024
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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.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Atlantic City, NJ Mortgage Rates

June 15, 2024

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

Mortgage Program
Today's
Atlantic City, NJ Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Atlantic City, New Jersey?

Below we provide helpful information on the real estate market, home prices and housing affordability in Atlantic City. Understand how much you need to earn to afford a home in Atlantic City, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Atlantic City 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 Atlantic City is right for you.

The median home value for Atlantic City, NJ (Atlantic County) is $289,788

Based on current mortgage rates and a 10% down payment, you need to make $60,454 per year to buy the median priced home in Atlantic City

With this income, you could qualify for a $260,809 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 Atlantic City is $1,400

The median household income for Atlantic City, NJ (Atlantic County) is $67,357

Based on this income, you can afford a home valued at approximately $322,877

The home price you can afford to buy based on household income in Atlantic City is 111% of the median home value which means housing prices are average. Atlantic City (Atlantic County) ranks 11 out of 21 counties in New Jersey and 2,654 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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Atlantic City, NJ

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Atlantic City, NJ

1 unit: $726,200

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