NJ Mortgage Market Analysis
Current rates, trends, and affordability analysis for New Jersey homebuyers
Current Mortgage Rates (October 2025)
30-Year Fixed
FHA Loan
VA Loan
Rate Forecast
Market Analysis & Insights
Key Market DevelopmentsUpdated Oct 2025
Affordability Impact
Mercer County
$120K-$125K annual income needed
High Barrier
Middlesex County
$130K-$140K annual income needed
Higher Barrier
First-Time Buyers
Up to $22K assistance available
Help Available
Rate Impact
A 1% increase in mortgage rates reduces purchasing power by approximately 10%. Current rate environment is constraining buyer activity across both counties.
Download Affordability ReportHomebuyer Programs & Resources
NJHMFA Programs
- • Down Payment Assistance: up to $15K
- • First Generation DPA: additional $7K
- • Combined total: up to $22K forgivable
- • 5-year forgiveness period
Government Loans
- • FHA: 3.5% down (580+ credit)
- • VA: 0% down (eligible veterans)
- • USDA: 0% down (rural areas)
- • Conventional: 3% down minimum
Local Programs
- • Newark: up to $20K
- • Trenton: up to $15K matching
- • Camden County: up to $25K
- • Various municipal programs