Hudson County, NJ FHA Loan Limits
Local Loan Limits — Hudson County, NJ
Loan Limit Summary
Limits for FHA Loans in Hudson County, New Jersey range from $726,525 for 1 living-unit homes to $1,397,400 for 4 living-units. Conventional Loan Limits in Hudson County are $726,525 for 1 living-unit homes to $1,397,400 for 4 living-units. The 2019 Home Equity Conversion Mortgage (HECM) limits in Hudson County is $726,525. HECM limit does not depend on the size of the home.
FHA and conventional Loan limits vary based on the number of living-units on the property. FHA loans are only allowed on 1 to 4 living-unit properties. Hudson County has high cost limits to compensate for above average housing prices. Limits in Hudson County are above the 2019 national floor.
FHA Home Appraisal in Hudson County
To see if a home qualifies for an FHA loan, the property must be appraised by an approved FHA appraiser. Find FHA-approved appraisers in Hudson County. If you need a home inspector, click here to find FHA-approved inspectors in Hudson County.
VA Loan Limits in Hudson County
VA Loans are not insured the same way FHA loans are. With VA loans the Department of Veterans Affairs guarantees the loan on the veteran's behalf. But there is still a cap. The VA uses the 1 living-unit FHA Loan Limit as its cap on VA Loan Liability. The 2019 VA Loan Limit for Hudson County, NJ is $726,525.
How to qualify for an FHA Loan in Hudson County, New Jersey?
The minimum loan amount in Hudson County is $5,000 dollars and may go up to $1,397,400 depending on home size and loan type. In order to qualify for an FHA loan, you must be planning to live in the home. Although a loan can include some renovation costs, FHA loans cannot be used for real estate investments in Hudson County.
Additionally, your loan amount cannot exceed the value of home you are purchasing. Learn more about FHA Loan Requirements.
Cities and ZIP Codes in Hudson County
The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Hudson County which includes the following cities: Bayonne, Union City, Jersey City, North Bergen, West New York, Hoboken, Kearny, Secaucus, Harrison, and Weehawken.
Hudson County loan limits also apply to the following ZIP codes: 7002, 7087, 7305, 7047, 7093, 7306, 7030, 7307, 7032, 7304, 7302, 7094, 7029, 7086, 7310, 7303, 7311, 7395, 7099, 7399, 7308, 7096, and 7097.