Ho-Ho-Kus NJ Mortgage Broker
Luxury home financing specialist serving Ho-Ho-Kus. Jumbo, Conventional, FHA, VA loans for homes averaging $965,000. Historic affluent borough.
Median Home
$965,000
Luxury historic homes
Property Tax
$21,400/yr
2.22% effective rate
Population
4,078
Exclusive community
Schools
A
Top-rated schools
Ho-Ho-Kus Real Estate Market
Ho-Ho-Kus is one of Bergen County's most exclusive boroughs, known for its historic charm, tree-lined streets, and stately homes. With a median home price of $965,000, it attracts affluent buyers seeking privacy, top schools, and a prestigious address.
Why Buy in Ho-Ho-Kus?
- Historic Elegance: Colonial and Victorian homes with mature landscaping and architectural character
- Top Schools: A-rated Ho-Ho-Kus Public Schools with excellent college prep programs
- Lower Taxes: 2.22% rate saves $5,000/year vs Bergen County average on comparable homes
- Small-Town Feel: Population 4,078 with tight-knit community and village atmosphere
- Prime Location: 30 minutes to NYC, near Ridgewood shopping and dining
Mortgage Programs for Ho-Ho-Kus
Jumbo Loans
- • For homes over $766,550
- • 10-20% down payment
- • 700+ credit score required
- • Competitive rates for luxury homes
Conventional Loans
- • Up to $766,550
- • 3-20% down payment
- • 620+ credit score
- • PMI removable at 80% LTV
VA Loans
- • 0% down payment for veterans
- • No PMI required
- • No loan limit in Ho-Ho-Kus
- • Certificate of Eligibility required
FHA Loans
- • 3.5% down payment ($33,775 on $965K)
- • 580+ credit score minimum
- • Loan limit: $766,550
- • Good for lower down payment buyers
Ho-Ho-Kus Mortgage FAQs
What is the minimum down payment needed in Ho-Ho-Kus NJ?
FHA loans require 3.5% down ($33,775 on $965K median home). VA loans require 0% down for veterans. Conventional loans typically require 5-20% down ($48,250-$193K on median home). Many Ho-Ho-Kus buyers opt for 20% down to avoid PMI.
Do I need a Jumbo loan for Ho-Ho-Kus homes?
Many Ho-Ho-Kus homes exceed the conventional loan limit of $766,550, requiring Jumbo loans. Jumbo loans typically require 10-20% down, 700+ credit score, and lower debt-to-income ratios. We specialize in Jumbo financing for Bergen County luxury homes.
What are property taxes like in Ho-Ho-Kus NJ?
Ho-Ho-Kus has an effective property tax rate of 2.22%, with average annual taxes around $21,400 on the median $965K home. This is below Bergen County average of 2.73%, saving approximately $5,000/year.
What is the best loan type for Ho-Ho-Kus homes?
For homes under $766,550, conventional loans with 10-20% down work well. For luxury homes above that limit, Jumbo loans are required. VA loans (0% down) are excellent for eligible veterans. Schedule a consultation for personalized luxury home financing.
Ready to Buy in Ho-Ho-Kus?
Get pre-approved for luxury home financing. Expert guidance for Bergen County's most exclusive communities.