Buying a Home in Hudson County?

Estimate Your Monthly Mortgage Payment!

Financing your home is one of the most important parts of the buying process. And with so many mortgage options out there, it's easy to feel overwhelmed. However, a little research can go a long way, and we'd love to help you find the right type of financing that meets your needs.

Take a look at some of the most popular home loans for Hudson County buyers, and let us know if you have any questions. We're always on-hand to lend our expertise!

Learn More About Mortgages

In Hudson County, you'll find hundreds of different mortgages and lenders from which to choose. If you're not sure how to get started, do some research online and contact a few lenders throughout the area. We'd be happy to offer a few recommendations, too.

Here are some of the most common home loans used by Gold Coast buyers. And if you're looking for even more personalized advice, feel free to give us a call!   

Common Mortgage Options in Hudson County

Conventional loan

  • Lasts from 15 – 30 years
  • Can have a fixed or adjustable rate
  • Requires a good credit score and financial history
  • Most buyers need a 20% down payment to qualify

VA loan

  • Available to active, retired, or veteran members of the military
  • Low down payment requirements without mortgage insurance
  • Only available for move-in ready, primary residences
  • May require a one-time funding fee

FHA loan

  • Less-strict income and credit requirements
  • Wide range of lower down payment options
  • Requires private mortgage insurance (PMI)
  • Can have higher interest rates

First-Time Homebuyer Loan

  • Offered by NJHMFA
  • Open to first-time buyers only
  • 30-year, fixed-rate, government-insured loan
  • Provides $10,000 in down payment assistance

Down Payment Assistance Program

  • Offered by NJHMFA
  • Provides $10,000 towards a down payment
  • Available for first-time buyers
  • Must be paired with a NJHMFA loan

First Responder Mortgage Program

  • Offered by NJHMFA
  • Open to active members of the New Jersey Police and Firemen's Retirement System (PFRS) with one year of service
  • Targeted towards first-time or trade-up/down buyers
  • Provides a 30-year, fixed rate mortgage

Lender-specialty loans

  • Typically offered by lenders
  • Can have lower interest rates or down payment requirements
  • May be tailored to first-time or lower income buyers
  • Contact your lender for more information

Balloon mortgage

  • Payments are based on a 30-year loan but are paid over 5 – 7 years
  • At the end of the term, borrower must pay off the balance or refinance
  • Often has lower interest rates and credit requirements
  • More common with commercial real estate

Start Calculating Your Monthly Payments

Our handy mortgage calculator lets you estimate your monthly payments at various home price points, interest rates, down payments, insurance and tax costs, and more. If you have any other questions, feel free to contact the Eddie Perez Group at any time. Our team is here to make your move as hassle-free as possible!

Start Your Calculation