The Federal Government recognized that home prices vary across the county, even within each state.  Therefore, it allows for greater amounts to be borrowed in areas where the home prices are higher.  Below is an easy reference chart for you to find the current maximum FHA loan amount for your NJ county.  Keep in mind that the New Jersey FHA Mortgage Higher Loan Limits are Extended through 2010.

County Name             Single Family                    Duplex                     Tri-plex                Four-plex
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ATLANTIC                       $453,750                         $580,850                $702,150             $872,600
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BERGEN                         $729,750                        $934,200                  $1,129,250         $1,403,400
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BURLINGTON                $420,000                       $537,650                    $649,900            $807,700
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CAMDEN                        $420,000                        $537,650                    $649,900            $807,700
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CAPE MAY                       $487,500                       $624,100                    $754,350             $937,500
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CUMBERLAND               $405,000                      $518,450                      $626,700            $778,850
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ESSEX                             $729,750                      $934,200                     $1,129,250           $1,403,400
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GLOUCESTER               $420,000                       $537,650                     $649,900               $807,700
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HUDSON                         $729,750                        $934,200                    $1,129,250            $1,403,400
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HUNTERDON                $729,750                        $934,200                    $1,129,250             $1,403,400
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MERCER                        $440,000                       $563,250                   $680,850                   $846,150
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MIDDLESEX                  $729,750                       $934,200                   $1,129,250                $1,403,400
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MONMOUTH                 $729,750                      $934,200                 $1,129,250                  $1,403,400
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MORRIS                         $729,750                     $934,200                   $1,129,250                 $1,403,400
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OCEAN                           $729,750                     $934,200                   $1,129,250                 $1,403,400
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PASSAIC                        $729,750                    $934,200                   $1,129,250                  $1,403,400
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SALEM                           $420,000                  $537,650                       $649,900                       $807,700
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SOMERSET                   $729,750                   $934,200                    $1,129,250                     $1,403,400
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SUSSEX                          $729,750                  $934,200                   $1,129,250                      $1,403,400
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UNION                           $729,750                  $934,200                     $1,129,250                      $1,403,400
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WARREN                      $402,500                  $515,250                       $622,850                         $774,050

Don’t forget to check out my article about
New Jersey FHA Mortgage and Multi-Unit Properties for First Time Home Buyers

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I hope you have enjoyed this blog.

Until next time,

Tony
201-943-6800

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