Compare Current Trenton, New Jersey Mortgage Rates

Compare Trenton, 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 Trenton.

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

Trenton, NJ Mortgage Rates as of May 18, 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 Trenton, NJ Mortgage Rates

May 18, 2024

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

How Affordable is Housing in Trenton, New Jersey?

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

The median home value for Trenton, NJ (Mercer County) is $353,695

Based on current mortgage rates and a 10% down payment, you need to make $73,786 per year to buy the median priced home in Trenton

With this income, you could qualify for a $318,325 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 Trenton is $1,709

The median household income for Trenton, NJ (Mercer County) is $88,942

Based on this income, you can afford a home valued at approximately $426,342

The home price you can afford to buy based on household income in Trenton is 121% of the median home value which means housing prices are average. Trenton (Mercer County) ranks 7 out of 21 counties in New Jersey and 2,498 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Trenton, New Jersey

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

Conforming loan limits for Trenton, NJ

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Trenton, NJ

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

VA loan limits for Trenton, NJ

1 unit: $726,200

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