New Conforming Loan Amounts for High-Cost New Jersey Markets
Most national banks started offering the new conforming loan amount of $729,750 this week.
The following New Jersey counties are eligible: Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union.
The rates being offered are slightly lower than jumbo and slightly higher than the conforming amount of $417,000.
As it stands, these loans are offered […]
