Garfield NJ Mortgage Broker
Local Bergen County mortgage expert specializing in Garfield home loans. FHA, VA, and Conventional financing for Bergen County's most affordable entry point.
Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender
Garfield Real Estate Market
Understanding the Garfield housing market for your home purchase
$475,000
Median home price (2025)
$11,900
Avg. annual property taxes
B-Rated
Garfield Public Schools
32,655
Vibrant community
Why Buyers Love Garfield
- ✓Most Affordable: Median $475K, lowest among Bergen County towns
- ✓NYC Commute: 30 minutes to Port Authority via bus, train to Hoboken
- ✓Diverse Community: Multicultural neighborhoods, international dining
- ✓Shopping & Services: River Drive retail corridor, supermarkets, restaurants
- ✓First-Time Buyer Market: Excellent starter homes, townhouses, condos
- ✓Parks & Recreation: Passaic River waterfront, playgrounds, sports fields
Mortgage Programs for Garfield Homes
Financing options for every Garfield homebuyer
FHA Loans
3.5% down with 580+ credit. Ideal for first-time buyers in Garfield. Most popular loan type for this market.
- • Low down payment option
- • Flexible credit requirements
- • Perfect for $475K homes
Conventional Loans
3% down for first-time buyers. Lower cost than FHA over time with strong credit and 20% down.
- • 620+ credit score required
- • PMI removable at 20% equity
- • Competitive rates
VA Loans
0% down for veterans and active military. No PMI even with zero down payment. Excellent for Garfield homes.
- • 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 Garfield. Down payment assistance available.
- • Down payment assistance grants
- • NJ Housing Authority programs
- • Education and counseling
Garfield Mortgage FAQs
Common questions about buying a home in Garfield
What is the typical down payment for a home in Garfield, NJ?
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Down payments in Garfield vary by loan type. FHA loans require just 3.5% down ($16,625 on the $475K median), Conventional loans need 3-20% down ($14,250-$95,000), and VA loans offer 0% down for eligible veterans. Garfield's affordability makes it ideal for first-time buyers with limited down payment funds.
Are there first-time homebuyer programs available in Garfield?
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Yes, Garfield 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. Garfield's median $475K price point makes it one of Bergen County's most accessible markets for first-time buyers.
What are property taxes like in Garfield, NJ?
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Garfield has a property tax rate of approximately 2.51% with an average annual tax bill of $11,900 on the median $475,000 home. This translates to about $992/month. The rate is slightly below the Bergen County average of 2.73%.
What is the best mortgage type for Garfield homes?
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For Garfield's median $475K price point, FHA loans are popular with first-time buyers due to the low 3.5% down requirement and flexible credit standards. Conventional loans work well for buyers with strong credit and 3-20% down. VA loans provide excellent terms for eligible veterans with 0% down.
Ready to Buy Your Garfield Home?
Local Bergen County mortgage broker with deep Garfield market knowledge. Get pre-approved today and start your home search in Bergen County's most affordable community.
Licensed Mortgage Broker • NMLS #1577754
Proudly serving Garfield homebuyers since 2015