Cresskill NJ Mortgage Broker
Local Bergen County mortgage expert specializing in Cresskill home loans. FHA, VA, Conventional, and Jumbo financing for this excellent school district and family-friendly community.
Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender
Cresskill Real Estate Market
Understanding the Cresskill housing market for your home purchase
$780,000
Median home price (2025)
$17,200
Avg. annual property taxes
A-Rated
Cresskill Public Schools
8,701
Close-knit community
Why Buyers Love Cresskill
- ✓Excellent Schools: A-rated district with Northern Valley Regional High School
- ✓Family-Friendly: Safe neighborhoods, parks, youth programs, community events
- ✓NYC Commute: 25-30 minutes to Manhattan via bus, train from nearby stations
- ✓Lower Tax Rate: 2.21% rate, well below Bergen County average of 2.73%
- ✓Small Town Charm: Tight-knit community with suburban convenience
- ✓Well-Maintained: Beautiful homes, tree-lined streets, pride of ownership
Mortgage Programs for Cresskill Homes
Financing options for every Cresskill homebuyer
Conventional Loans
3% down for first-time buyers, up to $929,200 conforming limit. Perfect for Cresskill homes at the median price.
- • 620+ credit score required
- • PMI removable at 20% equity
- • Competitive rates for strong credit
FHA Loans
3.5% down with 580+ credit. Up to $929,200 in Bergen County, suitable for Cresskill 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
Jumbo Loans
For Cresskill 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
Cresskill Mortgage FAQs
Common questions about buying a home in Cresskill
What is the typical down payment for a home in Cresskill, NJ?
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Down payments in Cresskill vary by loan type. Conventional loans require 3-20% down ($23,400-$156,000 on the $780K median), FHA loans need 3.5% ($27,300), VA loans offer 0% down for eligible veterans, and Jumbo loans typically require 10-20% down.
Are there first-time homebuyer programs available in Cresskill?
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Yes, Cresskill first-time buyers can access Conventional 3% down programs, FHA loans with 3.5% down, and NJ Housing and Mortgage Finance Agency programs. Many buyers combine these programs with family gifts to reach the required down payment.
What are property taxes like in Cresskill, NJ?
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Cresskill has a property tax rate of approximately 2.21% with an average annual tax bill of $17,200 on the median $780,000 home. This translates to about $1,433/month. Cresskill's excellent schools and services contribute to the tax rate, which is significantly below the Bergen County average of 2.73%.
What is the best mortgage type for Cresskill homes?
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For Cresskill homes near the $780K median, Conventional loans work well if staying under $929,200. Many buyers put 20% down to avoid PMI. VA loans provide excellent terms for eligible veterans. The best option depends on your credit score, down payment, and loan amount needs.
Ready to Buy Your Cresskill Home?
Local Bergen County mortgage broker with deep Cresskill market knowledge. Get pre-approved today and start your home search in one of Bergen County's most family-oriented communities.
Licensed Mortgage Broker • NMLS #1577754
Proudly serving Cresskill homebuyers since 2015