Current Mortgage Rates in Trenton, New Jersey

Compare mortgage rates and fees for leading lenders in Trenton, 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 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.

Mortgage Rates in Trenton, NJ as of December 7, 2019
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Get Personalized Mortgage Quotes for Trenton, NJ

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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Trenton, NJ Mortgage Rates Compare?

December 7, 2019

The current average rate for a 30 year fixed rate mortgage in Trenton 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%

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?

The median home value for Trenton, NJ (Mercer County) is $301,145

The median household income for Trenton, NJ (Mercer County) is $79,382

Based on current mortgage rates and a 10% down payment, you need to make $55,872 per year to buy the median priced home in Trenton

The home price you can afford to buy based on household income in Trenton is 142% of the median home value which means housing prices are average

Trenton (Mercer County) ranks 10 out of 21 counties in New Jersey and 2,647 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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Trenton, NJ

1 unit: $345,000
2 units: $441,650
3 units: $533,850
4 units: $663,450

VA loan limits for Trenton, NJ

1 unit: $484,350

Additional Mortgage Resources for Trenton, NJ Residents

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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