Moonachie NJ Mortgage Broker
Bergen County's most affordable entry point. FHA, VA, and Conventional home loans with expert guidance from CMG Home Loans.
Most Affordable Bergen County Entry
Moonachie offers Bergen County's lowest barrier to homeownership with a median home price of just $485,000. This small industrial town of ~2,800 residents provides exceptional value for first-time buyers and those prioritizing affordability.
With property tax rates averaging 2.44% (well below county average), Moonachie delivers substantial savings. Proximity to Teterboro Airport, Route 17, and Route 46 creates convenient commuter access, while industrial employers provide local job opportunities.
B-rated schools (students attend Carlstadt-East Rutherford schools) and the lowest home prices in Bergen County make Moonachie ideal for budget-conscious buyers, aviation industry workers, and those seeking maximum affordability without leaving the county.
Moonachie Market Snapshot
Home Loan Programs for Moonachie
Affordable financing options for Bergen County's lowest-priced market. NMLS #1577754
FHA Loans
Perfect for first-time buyers in Moonachie. Just 3.5% down ($16,975 on median $485K home).
- ✓Down payment as low as 3.5%
- ✓Credit scores from 580
- ✓Competitive 6.125% rates
VA Loans
Zero down payment for eligible veterans and service members. Save $16,975+ upfront.
- ✓0% down payment required
- ✓No mortgage insurance (PMI)
- ✓6.00% competitive rates
Conventional Loans
Flexible options with 3-20% down. Ideal for buyers with good credit seeking competitive rates.
- ✓As low as 3% down ($14,550)
- ✓Remove PMI at 20% equity
- ✓30-year fixed at 6.40%
First-Time Buyer Programs
Special programs maximizing affordability in Moonachie's entry-level market.
- ✓Low down payment options
- ✓Flexible credit requirements
- ✓Down payment assistance available
Moonachie Mortgage FAQs
What is the minimum down payment needed in Moonachie NJ?
FHA loans require 3.5% down ($16,975 on $485K median home), VA loans 0% down for eligible veterans, Conventional loans 3-20% down ($14,550-$97,000 on median). First-time buyers often use FHA or Conventional 3% down programs.
How much are property taxes in Moonachie NJ?
Moonachie has an average property tax rate of 2.44%. On a $485K median home, expect approximately $11,834 annually ($986/month). This is below the Bergen County average of 2.73%.
What makes Moonachie attractive for homebuyers?
Moonachie offers Bergen County's most affordable pricing at $485K median, proximity to Teterboro Airport and industrial employment, a small community of ~2,800 residents, B-rated schools, excellent Route 17 and Route 46 access, and lower property taxes at 2.44%.
What loan programs work best for Moonachie home purchases?
FHA loans are popular for first-time buyers (3.5% down), VA loans for veterans (0% down), Conventional loans for those with good credit (3-20% down). Moonachie's lower pricing makes homeownership very accessible. Current rates: 30yr 6.40%, FHA 6.125%, VA 6.00%.
Ready to Buy in Moonachie?
Get pre-approved for your Moonachie home loan today. Expert guidance from Jimmy Joseph MBA, NMLS #1577754.