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Lender Tables
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Compare Current Washington Township, New Jersey Mortgage Rates
Compare Washington Township, 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 Washington Township.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Washington Township. Plus, shopping lenders is free and there is no obligation.
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Washington Township, NJ Mortgage Rates as of November 25, 2024
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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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 Washington Township, NJ Mortgage Rates
November 25, 2024
Current mortgage rates in Washington Township, 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
Today's Washington Township, NJ Rates
National Average
Comparison
30 Year Fixed Rate
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6.670%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%
How Affordable is Housing in Washington Township, New Jersey?
Below we provide helpful information on the real estate market, home prices and housing affordability in Washington Township. Understand how much you need to earn to afford a home in Washington Township, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Washington Township 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 Washington Township is right for you.
The median home value for Washington Township, NJ (Gloucester County) is $300,220
Based on current mortgage rates and a 10% down payment, you need to make $62,631 per year to buy the median priced home in Washington Township
With this income, you could qualify for a $270,198 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 Washington Township is $1,450
The median household income for Washington Township, NJ (Gloucester County) is $95,790
Based on this income, you can afford a home valued at approximately $459,171
The home price you can afford to buy based on household income in Washington Township is 153% of the median home value which means housing prices are average.
Washington Township (Gloucester County) ranks 1 out of 21 counties in New Jersey and 1,802 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Washington Township, NJ is average
Loan Limits for Washington Township, New Jersey
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Washington Township (Gloucester County) below.
Conforming loan limits for Washington Township, NJ
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for Washington Township, NJ
1 unit:$529,000
2 units:$677,200
3 units:$818,600
4 units:$1,017,300
VA loan limits for Washington Township, NJ
1 unit:$726,200
Additional Mortgage Resources for Washington Township, NJ Residents