No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
New Jersey USDA Loans
My state-specific information
Eligibility Requirements – New Jersey
Hearing the call of the coast? A new home in the Garden State could finally be within reach with a home loan from the USDA. USDA loans offer not only fixed and competitive interest rates, but they also don’t require a down payment or qualifying assets. Plus, with no maximum loan amounts, they’re flexible enough to meet most any situation. For a family of 1-4, the average household income limit for a USDA loan in New Jersey is about $123,050 a year, and the limit can be as high as $203,450 for families of 5 or more. To learn more about how to get your own loan and get into your Jersey home, fill out the form above and one of our USDA loan specialists will follow up with you.
This map shows the areas of New Jersey that qualify for USDA loans. For more information on qualifying areas, check out the USDA property eligibility screen.
New Jersey USDA Income Limits (Moderate Income – Guaranteed Loan)
New Jersey has some of the highest USDA income limits in the country, particularly in North and Central Jersey metro areas.
| Area | 1–4 Person | 5+ Person |
|---|---|---|
| Atlantic City-Hammonton, NJ HUD Metro FMR Area | $123,050 | $162,450 |
| Vineland, NJ MSA | $123,050 | $162,450 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA (NJ Portion) | $137,300 | $181,250 |
| Cape May County, NJ HUD Metro FMR Area | $138,800 | $183,250 |
| Warren County, NJ HUD Metro FMR Area | $144,550 | $190,850 |
| Trenton-Princeton, NJ MSA | $145,900 | $192,600 |
| Bergen-Passaic, NJ HUD Metro FMR Area | $149,800 | $197,750 |
| Monmouth-Ocean, NJ HUD Metro FMR Area | $149,800 | $197,750 |
| Newark, NJ HUD Metro FMR Area | $149,800 | $197,750 |
| Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area | $152,100 | $200,800 |
| Jersey City, NJ HUD Metro FMR Area | $154,100 | $203,450 |
USDA income limits in New Jersey are based on total household income and household size. This includes income from all adult household members, not just the borrower.
If your total qualifying household income is within the limit for your area and household size, you may be eligible for a USDA Guaranteed loan with 100% financing (no down payment required).
Check Your New Jersey USDA Eligibility
USDA loans are available in eligible suburban and rural areas throughout New Jersey. We can quickly:
- Verify your household income eligibility
- Confirm the property is in a USDA-eligible location
- Provide a fast payment estimate and next steps
Income limits shown are for USDA Guaranteed loans and may change annually. Final eligibility depends on verified household income, household size, and USDA program guidelines.
- NO down payment – Finance 100% of your home
- NO maximum loan amount in New Jersey.
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your New Jersey USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – New Jersey
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
