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Sussex

Compare Current Sussex, New Jersey Mortgage Rates

Compare Sussex, 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 Sussex.

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

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Sussex, NJ Mortgage Rates as of December 7, 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 Sussex, NJ Mortgage Rates

December 7, 2024

Current mortgage rates in Sussex, 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
Sussex, NJ Rates
National
Average
Comparison
30 Year Fixed Rate
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6.670%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Sussex, New Jersey?

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

The median home value for Sussex, NJ is $354,060

Based on current mortgage rates and a 10% down payment, you need to make $73,863 per year to buy the median priced home in Sussex

With this income, you could qualify for a $318,654 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 Sussex is $1,711

The median household income for Sussex, NJ is $101,363

Based on this income, you can afford a home valued at approximately $485,881

The home price you can afford to buy based on household income in Sussex is 137% of the median home value which means housing prices are average. Sussex ranks 5 out of 21 counties in New Jersey and 2,183 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Sussex, New Jersey

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sussex below.

Conforming loan limits for Sussex, 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 Sussex, 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 Sussex, NJ

1 unit: $1,089,300

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