New Jersey Conventional Loan Limits in 2024

Explore the 2024 Conventional Loan Limits in New Jersey, covering different property types and counties. Find out the maximum loan amounts for one-unit, two-unit, three-unit, and four-unit properties, helping understand financing options in New Jersey for the year 2024.

County name One-Unit Two-Unit Three-Unit Four-Unit
Atlantic County $766,550 $981,500 $1,186,350 $1,474,400
Bergen County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Burlington County $766,550 $981,500 $1,186,350 $1,474,400
Camden County $766,550 $981,500 $1,186,350 $1,474,400
Cape May County $766,550 $981,500 $1,186,350 $1,474,400
Cumberland County $766,550 $981,500 $1,186,350 $1,474,400
Essex County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Gloucester County $766,550 $981,500 $1,186,350 $1,474,400
Hudson County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Hunterdon County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Mercer County $766,550 $981,500 $1,186,350 $1,474,400
Middlesex County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Monmouth County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Morris County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Ocean County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Passaic County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Salem County $766,550 $981,500 $1,186,350 $1,474,400
Somerset County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Sussex County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Union County $1,149,825 $1,472,250 $1,779,525 $2,211,600
Warren County $766,550 $981,500 $1,186,350 $1,474,400

Summary of New Jersey Conventional Loan Limits in 2024

New Jersey Conventional Loan Limits for 2024 have been established to determine the maximum loan amounts that lenders can offer while still conforming to guidelines set by Fannie Mae and Freddie Mac. These limits vary depending on the type of property and the number of units it contains.

Here are the minimum and maximum loan limits for each unit type:

  • One-Unit Limit: $766,550 - $1,149,825
  • Two-Unit Limit: $981,500 - $1,472,250
  • Three-Unit Limit: $1,186,350 - $1,779,525
  • Four-Unit Limit: $1,474,400 - $2,211,600

Notes:

  • One-Unit is a single family home or condominium
  • Two-Unit is two separate living units (duplex)
  • Three-Unit three separate living units (triplex)
  • Four-Unit four separate living units (fourplex)