Jersey City

Compare Current Jersey City, New Jersey Mortgage Rates

Compare Jersey 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 Jersey 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 Jersey City. Plus, shopping lenders is free and there is no obligation.

Jersey City, NJ Mortgage Rates as of July 19, 2024
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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 Jersey City, NJ Mortgage Rates

July 19, 2024

Current mortgage rates in Jersey 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
Jersey City, NJ Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Jersey City, New Jersey?

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

The median home value for Jersey City, NJ (Hudson County) is $526,144

Based on current mortgage rates and a 10% down payment, you need to make $109,762 per year to buy the median priced home in Jersey City

With this income, you could qualify for a $473,530 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 Jersey City is $2,542

The median household income for Jersey City, NJ (Hudson County) is $81,502

Based on this income, you can afford a home valued at approximately $390,678

The home price you can afford to buy based on household income in Jersey City is 74% of the median home value which means housing prices are very expensive. Jersey City (Hudson County) ranks 20 out of 21 counties in New Jersey and 3,050 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Jersey City, NJ is very expensive


Loan Limits for Jersey City, New Jersey

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

Conforming loan limits for Jersey City, NJ

1 unit: $1,089,300
2 units: $1,394,775
3 units: $1,685,850
4 units: $2,095,200

FHA loan limits for Jersey City, NJ

1 unit: $1,089,300
2 units: $1,394,775
3 units: $1,685,850
4 units: $2,095,200

VA loan limits for Jersey City, NJ

1 unit: $1,089,300

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