What are the FHA requirements?
| Requirement | FHA |
|---|---|
| Minimum credit score | 580 for 3.5% down; 500–579 with 10% down |
| Minimum down payment | 3.5% (10% if credit is 500–579) |
| Debt-to-income | 31% housing / 43% total standard; higher with compensating factors (AUS) |
| Mortgage insurance | 1.75% upfront MIP + annual MIP (0.15%–0.75%, most borrowers 0.50%–0.55%) |
| Occupancy | Primary residence; move in within 60 days |
| Loan limit | County FHA limit (2026 floor $541,287) |
What are the 2026 loan limits in New Jersey's largest counties?
| County | Conforming (1 unit) | FHA (1 unit) | Max FHA price (3.5% down) |
|---|---|---|---|
| Bergen County | $1,209,750 | $1,249,125 | $1,294,000 |
| Middlesex County | $1,209,750 | $1,249,125 | $1,294,000 |
| Essex County | $1,209,750 | $1,249,125 | $1,294,000 |
| Hudson County | $1,209,750 | $1,249,125 | $1,294,000 |
| Ocean County | $1,209,750 | $1,249,125 | $1,294,000 |
| Monmouth County | $1,209,750 | $1,249,125 | $1,294,000 |
| Union County | $1,209,750 | $1,249,125 | $1,294,000 |
| Camden County | $832,750 | $630,200 | $653,000 |
| Passaic County | $1,209,750 | $1,249,125 | $1,294,000 |
| Morris County | $1,209,750 | $1,249,125 | $1,294,000 |
| Burlington County | $832,750 | $630,200 | $653,000 |
| Mercer County | $832,750 | $541,287 | $560,000 |
| Somerset County | $1,209,750 | $1,249,125 | $1,294,000 |
| Gloucester County | $832,750 | $630,200 | $653,000 |
| Atlantic County | $832,750 | $730,250 | $756,000 |
See all 21 New Jersey counties →
Can I use New Jersey down payment assistance with a FHA loan?
- NJHMFA Down Payment Assistance Program — Up to $15,000 based on the county of the property (Forgivable loan)
How does FHA mortgage insurance work?
FHA requires an upfront mortgage insurance premium of 1.75% of the base loan (usually financed) plus annual MIP paid monthly. With less than 10% down, annual MIP lasts the life of the loan; with 10% or more it ends after 11 years.
Frequently asked questions
$1,249,125 for one unit in 2026.
No — credit, down payment and DTI rules are national. What varies by location is the county loan limit, plus state down payment assistance.
Yes — we've verified 1 New Jersey program listed below; most pair with FHA, VA, USDA or conventional first mortgages from the state agency.
Sources
- HUD Single Family Housing Policy Handbook 4000.1
- HUD — 2026 FHA Forward Mortgage Limits (county file)
- FHFA — 2026 Conforming Loan Limit Values
- HUD — 2026 FHA Forward Mortgage Limits (county file)
Data last updated October 23, 2026.
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Get My MatchesFigures 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.