Bergenfield NJ Mortgage Broker
Local Bergen County mortgage expert specializing in Bergenfield home loans. FHA, VA, and Conventional financing for this diverse, affordable Bergen County community.
Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender
Bergenfield Real Estate Market
Understanding the Bergenfield housing market for your home purchase
$515,000
Median home price (2025)
$13,500
Avg. annual property taxes
B-Rated
Bergenfield Public Schools
27,375
Vibrant community
Why Buyers Love Bergenfield
- ✓Affordable Entry: Median $515K, below Bergen County average of $750K
- ✓NYC Commute: 25 minutes to Port Authority via bus, train to Hoboken
- ✓Diverse Community: Multicultural neighborhoods, international dining
- ✓Shopping & Dining: Washington Avenue corridor, variety of restaurants
- ✓Parks & Recreation: Cooper's Pond, playgrounds, sports fields
- ✓First-Time Buyer Friendly: Excellent starter home market
Mortgage Programs for Bergenfield Homes
Financing options for every Bergenfield homebuyer
FHA Loans
3.5% down with 580+ credit. Ideal for first-time buyers in Bergenfield. Up to $929,200 in Bergen County.
- • Low down payment option
- • Flexible credit requirements
- • Perfect for $515K median homes
Conventional Loans
3% down for first-time buyers, up to $929,200 conforming limit. PMI removable at 20% equity.
- • 620+ credit score required
- • Competitive rates for strong credit
- • Lower costs than FHA over time
VA Loans
0% down for veterans and active military. No PMI even with zero down payment. No loan limit for full entitlement.
- • Zero down payment required
- • No PMI at any LTV ratio
- • Competitive rates for military
First-Time Buyer Programs
Special programs and grants for first-time buyers in Bergenfield. Down payment assistance available.
- • Down payment assistance grants
- • NJ Housing Authority programs
- • Education and counseling included
Bergenfield Mortgage FAQs
Common questions about buying a home in Bergenfield
What is the typical down payment for a home in Bergenfield, NJ?
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Down payments in Bergenfield vary by loan type. FHA loans require just 3.5% down ($18,025 on the $515K median), Conventional loans need 3-20% down ($15,450-$103,000), VA loans offer 0% down for eligible veterans, and first-time buyer programs can help with as little as 3% down.
Are there first-time homebuyer programs available in Bergenfield?
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Yes, Bergenfield first-time buyers can access FHA loans with 3.5% down, Conventional 3% down programs, NJ Housing and Mortgage Finance Agency programs, and down payment assistance grants. Bergenfield's affordability makes it an excellent target for first-time buyer programs.
What are property taxes like in Bergenfield, NJ?
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Bergenfield has a property tax rate of approximately 2.62% with an average annual tax bill of $13,500 on the median $515,000 home. This translates to about $1,125/month. The rate is slightly below the Bergen County average of 2.73%.
What is the best mortgage type for Bergenfield homes?
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For Bergenfield's median $515K price point, FHA loans are popular with first-time buyers due to the low 3.5% down requirement. Conventional loans work well for buyers with strong credit and larger down payments. VA loans provide excellent terms for eligible veterans with 0% down.
Ready to Buy Your Bergenfield Home?
Local Bergen County mortgage broker with deep Bergenfield market knowledge. Get pre-approved today and start your home search in one of Bergen County's most affordable communities.
Licensed Mortgage Broker • NMLS #1577754
Proudly serving Bergenfield homebuyers since 2015