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 December 1, 2022
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Jersey City, NJ Mortgage Rates

December 1, 2022

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 $512,666

Based on current mortgage rates and a 10% down payment, you need to make $83,998 per year to buy the median priced home in Jersey City

With this income, you could qualify for a $461,399 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 $1,945

The median household income for Jersey City, NJ (Hudson County) is $85,181

Based on this income, you can afford a home valued at approximately $519,887

The home price you can afford to buy based on household income in Jersey City is 101% of the median home value which means housing prices are average. Jersey City (Hudson County) ranks 20 out of 21 counties in New Jersey and 3,010 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 average


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: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

FHA loan limits for Jersey City, NJ

1 unit: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

VA loan limits for Jersey City, NJ

1 unit: $970,800

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