Edgewater NJ Mortgage Broker
Local Bergen County mortgage expert specializing in Edgewater waterfront condos and homes. FHA, VA, and Conventional financing for Hudson River living with Manhattan skyline views.
Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender
Edgewater Real Estate Market
Understanding the Edgewater housing market for your home purchase
$685,000
Median home price (2025)
$11,800
Avg. annual property taxes
1.72%
Lowest waterfront tax rate
14,336
Urban riverside community
Why Buyers Love Edgewater
- ✓Waterfront Living: Hudson River views, Manhattan skyline, high-rise luxury condos
- ✓NYC Commute: 10-15 minutes to Midtown via bus, ferry service available
- ✓Modern Amenities: Fitness centers, pools, concierge, parking in high-rises
- ✓Lowest Tax Rate: 1.72% rate, less than half the Bergen County average
- ✓Shopping & Dining: River Road retailers, waterfront restaurants, nightlife
- ✓Urban Lifestyle: Walkable, modern, young professional community
Mortgage Programs for Edgewater Condos
Financing options for waterfront living
Conventional Condo Loans
3-20% down for Edgewater condos. Up to $929,200 conforming limit. Building must meet warrantability requirements.
- • 620+ credit score required
- • PMI removable at 20% equity
- • Most Edgewater buildings qualify
FHA Condo Loans
3.5% down if building is FHA-approved. Many Edgewater high-rises qualify. Ideal for first-time buyers.
- • Low down payment option
- • FHA-approved buildings only
- • Flexible credit requirements
VA Condo Loans
0% down for veterans and active military. No PMI even with zero down. Building must be VA-approved.
- • Zero down payment required
- • No PMI at any LTV ratio
- • Competitive rates for military
First-Time Buyer Programs
Special programs for first-time buyers purchasing Edgewater condos. Down payment assistance available.
- • 3% down options available
- • Down payment assistance grants
- • Homebuyer education included
Edgewater Mortgage FAQs
Common questions about buying a waterfront condo in Edgewater
What is the typical down payment for a condo in Edgewater, NJ?
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Down payments for Edgewater condos vary by loan type. Conventional loans require 3-20% down ($20,550-$137,000 on the $685K median), FHA loans need 3.5% ($23,975) if the building is FHA-approved, and VA loans offer 0% down for eligible veterans. Condo financing requires the building to meet lender warrantability requirements.
Can I get an FHA loan for an Edgewater waterfront condo?
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Yes, but only if the condo building is FHA-approved. Many Edgewater high-rise buildings are FHA-approved, allowing buyers to use FHA loans with just 3.5% down. We can verify FHA approval status for your specific building before you make an offer.
What are property taxes like in Edgewater, NJ?
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Edgewater has a property tax rate of approximately 1.72% with an average annual tax bill of $11,800 on the median $685,000 condo. This translates to about $983/month. Edgewater has the lowest tax rate among Bergen County waterfront communities, significantly below the county average of 2.73%.
What is the best mortgage type for Edgewater condos?
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For Edgewater condos, Conventional loans work well for buyers with 5-20% down and strong credit. FHA loans are ideal for first-time buyers with 3.5% down if the building is FHA-approved. VA loans provide excellent terms for eligible veterans. Condo financing also requires considering HOA fees and building reserves.
Ready to Buy Your Edgewater Waterfront Home?
Local Bergen County mortgage broker with deep Edgewater condo market expertise. Get pre-approved today and start your search for Hudson River living with Manhattan views.
Licensed Mortgage Broker • NMLS #1577754
Proudly serving Edgewater homebuyers since 2015