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FHA loans in Phillipsburg, NJ

Quick answer

The 2026 FHA loan limit in Phillipsburg, NJ (Warren County) is $541,287 for a single-family home, enough for a purchase price up to about $560,000 with 3.5% down. On the $180,700 median home value, that down payment is about $6,325 and the estimated payment is $1,747/month at 7.18%, which needs roughly $75,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $67,782; value-to-income ratio 2.67. Phillipsburg ranks 151 by home value and 77 by population among 159 places in our NJ dataset.

What does an FHA loan cost on a typical Phillipsburg home?

ItemPhillipsburg
Median home value (Census ACS)$180,700
New Jersey median home value$427,600
Down payment (3.5%)$6,325
Loan incl. 1.75% upfront MIP$177,427
Estimated monthly payment (PITI + MI)$1,747
Income needed (28% / 36%)$75,000 / $59,000
Warren County 2026 FHA limit (1 unit)$541,287
Max purchase price at the limit$560,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes New Jersey's 2.23% effective property tax rate (Census ACS), $1,551/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Phillipsburg?

Phillipsburg is in Warren County where HUD's 2026 one-unit FHA limit is $541,287. With the minimum 3.5% down, that caps the purchase price at about $560,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Phillipsburg median home value of $180,700 is 58% below the New Jersey median, and within what the county limit supports.

Which down payment assistance programs can Phillipsburg buyers use?

FHA loans in nearby cities

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FHA loan FAQs for Phillipsburg

Phillipsburg is in Warren County, where HUD's 2026 FHA limit for a one-unit home is $541,287. With 3.5% down, that supports a purchase price up to about $560,000.

3.5% of $180,700 is about $6,325 with a 580+ credit score (10%, or $18,070, with a 500–579 score), plus closing costs.

At the $180,700 median value (below the New Jersey median of $427,600), the estimated payment of $1,747/month at 7.18% needs about $75,000 a year under the 28% housing guideline, or $59,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.