Buying a home in Hamilton, NJ

Is there down payment assistance in Hamilton?

• NJHMFA Down Payment Assistance Program — Up to $15,000 based on the county of the property; forgivable; state-level. New Jersey Housing and Mortgage Finance Agency · Verified October 23, 2026

What mortgage options do Hamilton buyers have?

• Conventional Loan — Not government-backed; as little as 3% down for first-time buyers, PMI removable at 20% equity.
• FHA Loan — Government-insured; 3.5% down with a 580 credit score and flexible debt-to-income rules.
• VA Loan — For eligible veterans, service members and surviving spouses: 0% down and no monthly mortgage insurance.
• USDA Loan — 0% down for moderate-income buyers in eligible rural and suburban areas.
• Jumbo Loan — For loan amounts above the conforming limit; usually 10–20% down and 700+ credit.
• First-Time Home Buyer Loans — Low-down-payment loans plus state assistance programs designed for first-time buyers.
• Self-Employed Mortgage — Options for business owners and 1099 earners, including tax-return and bank-statement loans.
• DSCR Purchase Loan — Investment-property loans qualified on the rental income of the property, not personal income.
• New Construction Home Loans — Financing for a newly built home from a builder, or for building your own with a construction-to-permanent loan.

How much will I pay in property taxes in Hamilton?

Homeowners in New Jersey pay a median of $9,541 a year in property taxes — an effective rate of about 2.23% of the median home value, among the highest in the country, so taxes are a major part of the monthly payment (Census ACS). Actual rates vary by county and municipality. Ask your agent for the specific property's tax history.