Fannie Mae and Freddie Mac
Conventional loans follow Fannie Mae or Freddie Mac underwriting guidelines. Conventional minimum loan limits are set nationwide.
Conventional loan limits can be higher than the conforming loan limit in high cost Counties. High cost Counties get to enjoy all of the benefits of traditional conforming underwriting guidelines.
Conventional loans allow as little as a 3% to 5% down payment when buying your primary residence.
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New Jersey Conventional Loan Limits by County
| County | 1 Unit SFR | 2 Unit Duplex | 3 Unit Triplex | 4 Unit Fourplex |
|---|---|---|---|---|
| ATLANTIC COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| BERGEN COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| BURLINGTON COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CAMDEN COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CAPE MAY COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CUMBERLAND COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| ESSEX COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| GLOUCESTER COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| HUDSON COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| HUNTERDON COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| MERCER COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| MIDDLESEX COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| MONMOUTH COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| MORRIS COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| OCEAN COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| PASSAIC COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| SALEM COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SOMERSET COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| SUSSEX COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| UNION COUNTY | $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
| WARREN COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |