In the year {CURRENT_YEAR}, FHA loan limits for Newark county in Essex, NJ are established as follows: {DETAILS_LOAN_LIMIT_FHA1} for a single-family home, {DETAILS_LOAN_LIMIT_FHA2} for two-unit properties, {DETAILS_LOAN_LIMIT_FHA3} for buildings with three units, and {DETAILS_LOAN_LIMIT_FHA4} for those with four units.
The conventional loan limits are {DETAILS_LOAN_LIMIT_CONVENTIONAL1} for single-family homes, {DETAILS_LOAN_LIMIT_CONVENTIONAL2} for two-units, {DETAILS_LOAN_LIMIT_CONVENTIONAL3} for three-units, and {DETAILS_LOAN_LIMIT_CONVENTIONAL4} for four-unit structures.
Utilize our FHA calculator to see today’s optimal FHA rates and determine the downpayment, income, credit, reserves, and documentation necessary for qualification.
The Lendersa® calculator allows you to compare the rates and terms of FHA loans with those from other programs. Investigate, examine, and contrast conventional loans, jumbo loans, VA, USDA, Non-QM, and hard money loans alongside FHA options.
Lendersa® aggregates loan program data from a multitude of lenders, swiftly aligning it with your specific financial profile and needs.
The Loan Limits Comparison Table for {CURRENT_YEAR} in Newark county of Essex, NJ provides comparisons for FHA, conventional conforming, jumbo, USDA, VA, Non-QM, super jumbo, reverse mortgage (HECM), and hard money loans, showing maximum amounts. To analyze qualification criteria like income, reserves, and credit, apply the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| USDA | $0 | $0 | $0 | $0 |
| VA | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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NMLS 1795154
