Mortgage Broker in Demarest, NJ
Local Bergen County mortgage expert specializing in Demarest home loans. FHA, VA, Conventional, and Jumbo financing for this quiet residential enclave with excellent schools.
Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender
Demarest Real Estate Market
Understanding the Demarest housing market for your home purchase
$795,000
Median home price (2025)
$600K-$1.2M
Typical price range
$18,921
Avg. annual property taxes
A/A- Rated
Demarest Public Schools
Why Buyers Love Demarest
- ✓Excellent Schools: Northern Valley Regional HS District, A-rated elementary schools
- ✓Large Lots: Spacious properties, quiet residential character, suburban privacy
- ✓Family-Oriented: Safe neighborhoods, community events, strong PTA involvement
- ✓Quiet Enclave: Residential-only zoning, tree-lined streets, minimal traffic
- ✓NYC Access: 30-minute commute to Manhattan, express bus service
- ✓Low Taxes: 2.38% rate among lowest in Bergen County for school quality
Mortgage Programs for Demarest Homes
Financing options for every Demarest homebuyer
FHA Loans
3.5% down with 580+ credit. Ideal for first-time buyers in Demarest. Max loan $929,200 in Bergen County.
- Low down payment option
- Flexible credit requirements
- Seller can pay closing costs
VA Loans
0% down for veterans and active military. No PMI even with zero down payment. No maximum loan amount.
- Zero down payment required
- No PMI at any LTV ratio
- Competitive rates for military
Conventional Loans
3% down for first-time buyers, up to $929,200 conforming limit. Perfect for Demarest's $795K median.
- 620+ credit score required
- PMI removable at 20% equity
- Best rates for 680+ scores
Jumbo Loans
For luxury Demarest homes over $929,200. Common for large-lot estates and premium properties.
- 10-20% down payment
- 700+ credit recommended
- No maximum loan amount
Frequently Asked Questions
Common questions about Demarest home loans
What credit score do I need for a mortgage in Demarest NJ?
FHA loans require 580+ credit score with 3.5% down. Conventional loans typically need 620+ for best rates. VA loans are more flexible for veterans. For Demarest's $795K median home price, 680+ credit scores get the most competitive rates.
What are property taxes in Demarest NJ?
Demarest has an average tax rate of 2.38%. On a $795,000 home, expect approximately $18,921 annual property taxes ($1,577/month). Tax rates vary by specific location and property assessments.
How much down payment do I need for a Demarest home?
Down payment requirements vary: FHA loans require 3.5% down ($27,825 on a $795K home), VA loans require 0% down for eligible veterans, Conventional loans require 3-20% down ($23,850-$159,000), and Jumbo loans typically require 10-20% down.
How long does pre-approval take in Demarest?
Pre-approval typically takes 24-48 hours with complete documentation. You'll need recent pay stubs, W-2s, bank statements, and credit authorization. A pre-approval letter strengthens your offer in Demarest's competitive market.
Ready to Buy Your Demarest Home?
Local Bergen County mortgage broker with deep Demarest market knowledge. Get pre-approved today and start your home search in this excellent school district.
Licensed Mortgage Broker • NMLS #1577754
Proudly serving Demarest homebuyers since 2015