Hillsdale NJ Mortgage Broker
Local mortgage expert serving Hillsdale. FHA, VA, Conventional loans for homes averaging $695,000. Family-friendly suburban community.
Median Home
$695,000
Suburban family homes
Property Tax
$15,800/yr
2.27% effective rate
Population
10,317
Close-knit community
Schools
A-
Excellent local schools
Hillsdale Real Estate Market
Hillsdale is a quiet Bergen County borough that offers suburban living with excellent schools and a family-friendly atmosphere. With a median home price of $695,000, it provides a balance of affordability and quality compared to pricier neighboring towns.
Why Buy in Hillsdale?
- Excellent Schools: Highly rated Hillsdale Public Schools with strong academics
- Family-Oriented: Safe neighborhoods, parks, and recreational programs
- Convenient Commute: 30-minute train to NYC, near Route 17 and Garden State Parkway
- Lower Taxes: 2.27% rate is below Bergen County average, saving $3,200/year on median home
Mortgage Programs for Hillsdale
FHA Loans
- • 3.5% down payment ($24,325 on $695K home)
- • 580+ credit score minimum
- • Loan limit: $766,550
- • Great for first-time buyers
VA Loans
- • 0% down payment for veterans
- • No PMI required
- • Competitive rates
- • Certificate of Eligibility required
Conventional Loans
- • 3-20% down payment
- • 620+ credit score
- • PMI removable at 80% LTV
- • Best rates with 740+ credit
First-Time Buyer
- • Up to $15K down payment assistance
- • 3% down conventional options
- • NJHMFA programs available
- • Free homebuyer education
Hillsdale Mortgage FAQs
What is the minimum down payment needed in Hillsdale NJ?
FHA loans require 3.5% down ($24,325 on $695K median home). VA loans require 0% down for veterans. Conventional loans typically require 5-20% down ($34,750-$139K on median home).
Are there first-time home buyer programs for Hillsdale?
Yes! NJHMFA offers up to $15,000 in down payment assistance for Bergen County first-time buyers. We also offer 3.5% FHA loans and 3% conventional loans with approved credit.
What are property taxes like in Hillsdale NJ?
Hillsdale has an effective property tax rate of 2.27%, with average annual taxes around $15,800 on the median $695K home. This is below Bergen County average of 2.73%.
What is the best loan type for Hillsdale homes?
For median-priced homes ($695K), conventional loans work well with 5-10% down. FHA loans are great for first-time buyers with 3.5% down. VA loans (0% down) are excellent for eligible veterans. Schedule a consultation for personalized guidance.
Ready to Buy in Hillsdale?
Get pre-approved today and start your home search with confidence. Local Bergen County expertise since day one.