Compare mortgage rates and fees for leading lenders in New Brunswick, 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 New Brunswick.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New Brunswick. Plus, shopping lenders is free and there is no obligation.
August 19, 2019
The current average rate for a 30 year fixed rate mortgage in New Brunswick 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%
The median home value for New Brunswick, NJ (Middlesex County) is $364,549
The median household income for New Brunswick, NJ (Middlesex County) is $85,674
Based on current mortgage rates and a 10% down payment, you need to make $67,635 per year to buy the median priced home in New Brunswick
The home price you can afford to by based on household income in New Brunswick is 127% of the median home value which means housing prices are average
New Brunswick (Middlesex County) ranks 12 out of 21 counties in New Jersey and 2,818 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in New Brunswick, NJ is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New Brunswick (Middlesex County) below.
Conforming loan limits for New Brunswick, NJ
FHA loan limits for New Brunswick, NJ
VA loan limits for New Brunswick, NJ
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