Closter NJ Mortgage Broker
Local Bergen County mortgage expert specializing in Closter home loans. FHA, VA, Conventional, and Jumbo financing for this top-rated school district and residential community.
Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender
Closter Real Estate Market
Understanding the Closter housing market for your home purchase
$825,000
Median home price (2025)
$18,900
Avg. annual property taxes
A-Rated
Closter Public Schools
8,540
Family-focused community
Why Buyers Love Closter
- ✓Top Schools: A-rated district with Northern Valley Regional High School
- ✓Residential Charm: Tree-lined streets, well-maintained homes, safe neighborhoods
- ✓NYC Commute: 30-35 minutes to Manhattan via bus, train from nearby stations
- ✓Family-Friendly: Parks, playgrounds, youth sports programs, community events
- ✓Lower Tax Rate: 2.29% rate, significantly below Bergen County average
- ✓Small Town Feel: Tight-knit community with downtown shopping district
Mortgage Programs for Closter Homes
Financing options for every Closter homebuyer
Conventional Loans
3% down for first-time buyers, up to $929,200 conforming limit. Perfect for Closter homes near the median price.
- • 620+ credit score required
- • PMI removable at 20% equity
- • Competitive rates for strong credit
Jumbo Loans
For Closter homes over $929,200. Available for higher-priced properties in this desirable market.
- • 10-20% down payment typical
- • 700+ credit recommended
- • No maximum loan amount
FHA Loans
3.5% down with 580+ credit. Up to $929,200 in Bergen County, suitable for entry-level Closter properties.
- • Low down payment option
- • Flexible credit requirements
- • Mortgage insurance required
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
Closter Mortgage FAQs
Common questions about buying a home in Closter
What is the typical down payment for a home in Closter, NJ?
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Down payments in Closter vary by loan type. Conventional loans require 3-20% down ($24,750-$165,000 on the $825K median), FHA loans need 3.5% ($28,875), VA loans offer 0% down for eligible veterans, and Jumbo loans typically require 10-20% down. Many Closter buyers put 20% down to avoid PMI.
Are there first-time homebuyer programs available in Closter?
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Yes, Closter first-time buyers can access Conventional 3% down programs, FHA loans with 3.5% down, and NJ Housing and Mortgage Finance Agency programs. Given Closter's higher price point, buyers often combine these with family gifts or down payment assistance.
What are property taxes like in Closter, NJ?
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Closter has a property tax rate of approximately 2.29% with an average annual tax bill of $18,900 on the median $825,000 home. This translates to about $1,575/month. Closter's excellent schools and services contribute to the tax rate, which is below the Bergen County average of 2.73%.
What is the best mortgage type for Closter homes?
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For Closter homes near the $825K median, Conventional loans work well if staying under $929,200. Jumbo loans are available for higher-priced properties. VA loans provide excellent terms for eligible veterans. The best option depends on your credit score, down payment, and whether you need to exceed conforming limits.
Ready to Buy Your Closter Home?
Local Bergen County mortgage broker with deep Closter market knowledge. Get pre-approved today and start your home search in one of Bergen County's most family-friendly communities.
Licensed Mortgage Broker • NMLS #1577754
Proudly serving Closter homebuyers since 2015