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FHA loans in Somers Point, NJ

Quick answer

The 2026 FHA loan limit in Somers Point, NJ (Atlantic County) is $730,250 for a single-family home, enough for a purchase price up to about $756,000 with 3.5% down. On the $277,500 median home value, that down payment is about $9,713 and the estimated payment is $2,614/month at 7.18%, which needs roughly $113,000 a year in income.

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

Median household income: $68,542; value-to-income ratio 4.05. Somers Point ranks 138 by home value and 144 by population among 159 places in our NJ dataset.

What does an FHA loan cost on a typical Somers Point home?

ItemSomers Point
Median home value (Census ACS)$277,500
New Jersey median home value$427,600
Down payment (3.5%)$9,713
Loan incl. 1.75% upfront MIP$272,474
Estimated monthly payment (PITI + MI)$2,614
Income needed (28% / 36%)$113,000 / $88,000
Atlantic County 2026 FHA limit (1 unit)$730,250
Max purchase price at the limit$756,000

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 Somers Point?

Somers Point is in Atlantic County where HUD's 2026 one-unit FHA limit is $730,250. With the minimum 3.5% down, that caps the purchase price at about $756,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Somers Point median home value of $277,500 is 35% below the New Jersey median, and within what the county limit supports.

Which down payment assistance programs can Somers Point buyers use?

FHA loans in nearby cities

Ocean CityPleasantvilleMcKee CityAtlantic CityVinelandMillville

FHA loan FAQs for Somers Point

Somers Point is in Atlantic County, where HUD's 2026 FHA limit for a one-unit home is $730,250. With 3.5% down, that supports a purchase price up to about $756,000.

3.5% of $277,500 is about $9,713 with a 580+ credit score (10%, or $27,750, with a 500–579 score), plus closing costs.

At the $277,500 median value (below the New Jersey median of $427,600), the estimated payment of $2,614/month at 7.18% needs about $113,000 a year under the 28% housing guideline, or $88,000 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.