 |
These limits are set by the Federal Government and are subject to change without notice.
(As of 4/14/08)
A “Statewide Area” is defined as everywhere in the State of New Jersey that is not defined as an “Urban Target Area”.
To determine if the street where your proposed house is located is in an Urban Target Area, refer to the Urban Area Street Directory at www.state.nj.us/dca/hmfa. Choose “Homebuyers” and then “Target Area” and finally scroll to your city or by clicking here.
STATEWIDE AREA
| MAXIMUM INCOME LIMITS - STATEWIDE AREA |
|
COUNTIES
|
1-2 FAMILY HOUSEHOLD
|
3+ HOUSEHOLD
|
Effective
|
| Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Hudson, & Salem |
$81,800 |
$94,070 |
4/14/08 |
| Monmouth & Ocean |
$85,000 |
$97,750 |
4/14/08 |
| Mercer |
$85,400 |
$98,210 |
3/8/06 |
| Essex, Morris, Sussex & Union |
$84,400 |
$97,060 |
3/8/06 |
| Warren |
$83,300 |
$95,795 |
4/14/08 |
| Bergen & Passaic |
$87,500 |
$100,625 |
3/8/06 |
| Hunterdon, Middlesex & Somerset |
$96,700 |
$111,205 |
4/14/08 |
|
|
|
|
|
|
|
| MAXIMUM PURCHASE PRICE LIMITS - STATEWIDE AREA |
|
| |
NEW |
EXISTING |
EXISTING |
EXISTING |
EXISTING |
|
| COUNTIES |
1 - FAMILY |
1 - FAMILY |
2 - FAMILY |
3 - FAMILY |
4 - FAMILY |
Effective |
| Atlantic |
$408,357 |
$408,357 |
$459,959 |
$558,828 |
$644,802 |
3/31/08 |
| Bergen |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Burlington |
$346,600 |
$346,600 |
$390,382 |
$474,296 |
$547,265 |
3/31/08 |
| Camden |
$346,600 |
$346,600 |
$390,382 |
$474,296 |
$547,265 |
3/31/08 |
| Cape May |
$429,619 |
$429,619 |
$503,040 |
$611,171 |
$705,197 |
1/1/06 |
| Cumberland |
$364,500 |
$364,500 |
$410,542 |
$498,789 |
$575,526 |
1/1/06 |
| Essex |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Gloucester |
$320,625 |
$320,625 |
$361,125 |
$438,750 |
$506,250 |
1/1/06 |
| Hudson |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Hunterdon |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Mercer |
$395,595 |
$395,595 |
$445,563 |
$541,340 |
$624,623 |
1/1/06 |
| Middlesex |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Monmouth |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Morris |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Ocean |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Passaic |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Salem |
$346,600 |
$346,600 |
$390,382 |
$474,296 |
$547,265 |
3/31/08 |
| Somerset |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Sussex |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Union |
$429,619 |
$429,619 |
$550,005 |
$664,828 |
$826,218 |
1/1/06 |
| Warren |
$361,972 |
$361,972 |
$413,329 |
$502,176 |
$579,434 |
3/31/08 |
TARGET AREA
| MAXIMUM INCOME LIMITS - TARGET AREA |
|
COUNTIES
|
1-2 FAMILY HOUSEHOLD
|
3+ HOUSEHOLD
|
Effective
|
| Atlantic, Burlington, Camden, Cape May, Cumberland, Glourcester, Hudson & Salem |
$98,160 |
$114,520 |
04/14/08 |
| Monmouth & Ocean |
$102,000 |
$119,000 |
04/14/08 |
| Mercer |
$102,480 |
$119,560 |
03/08/06 |
| Essex and Union |
$101,280 |
$118,160 |
03/08/06 |
| Passaic |
$105,000 |
$122,500 |
03/08/06 |
| Middlesex |
$116,040 |
$135,380 |
04/14/08 |
|
|
|
|
|
|
|
|
| MAXIMUM PURCHASE PRICE LIMITS - TARGET AREA |
|
|
NEW
|
NEW
|
EXISTING
|
EXISTING
|
EXISTING
|
EXISTING
|
|
|
COUNTIES
|
1 - FAMILY
|
2 - FAMILY
|
1 - FAMILY
|
2 - FAMILY
|
3 - FAMILY
|
4 - FAMILY
|
Effective
|
| Atlantic |
$499,125 |
$562,172 |
$499,125 |
$562,172 |
$683,013 |
$788,092 |
03/31/08 |
| Burlington |
$423,623 |
$477,133 |
$423,623 |
$477,123 |
$579,695 |
$668,879 |
03/31/08 |
| Camden |
$423,623 |
$477,133 |
$423,623 |
$477,123 |
$579,695 |
$668,879 |
03/31/08 |
| Cape May |
$525,090 |
$614,827 |
$525,090 |
$614,827 |
$746,986 |
$861,907 |
01/01/06 |
| Cumberland |
$445,500 |
$501,773 |
$445,500 |
$501,773 |
$609,631 |
$703,421 |
01/01/06 |
| Essex |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
| Gloucester |
$391,875 |
$441,375 |
$391,875 |
$441,375 |
$536,250 |
$618,750 |
01/01/06 |
| Hudson |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
| Mercer |
$483,505 |
$544,578 |
$483,505 |
$544,578 |
$661,638 |
$763,428 |
01/01/06 |
| Middlesex |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
| Monmouth |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
| Ocean |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
| Passaic |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
| Salem |
$423,623 |
$477,133 |
$423,623 |
$477,123 |
$579,695 |
$668,879 |
03/31/08 |
| Union |
$525,090 |
$672,228 |
$525,090 |
$672,228 |
$812,568 |
$1,009,823 |
01/01/06 |
|
*Federal Housing Administration (FHA) & Veteran Administration (VA) maximum mortgage amounts prevail if more restrictive.
Atlantic: Atlantic City
Burlington: Burlington City, North Hanover, Pemberton
Camden: Camden, Gloucester City, Gloucester Twp., Lindenwold
Cape May: West Wildwood Borough*, Wildwood City*, Woodbine*
Cumberland: Bridgeton, Commercial Twp.*, Vineland
Essex: E. Orange, Orange, Irvington, Newark
Gloucester: Glassboro
Hudson: Guttenberg, Hoboken, Jersey City, North Bergen, Union City, West New York
Mercer: Trenton
Middlesex: New Brunswick, Perth Amboy
Monmouth: Asbury Park, Long Branch, Neptune Twp.
Ocean: Berkeley Twp., Dover Twp., Lakewood, Manchester Twp.
Passaic: Clifton, Passaic, Paterson
Salem: Penns Grove, Salem
Union: Elizabeth, Plainfield
* Entire municipality is targeted.
|
|
|
