Paramus, NJ Home Loans & Mortgage Services
Expert mortgage guidance for Paramus homebuyers and homeowners. Get competitive rates on conventional, FHA, VA, and jumbo loans with a local Bergen County mortgage advisor who understands the Paramus market.
Paramus Real Estate Market Overview
Why Choose Paramus?
- Major shopping hub with Garden State Plaza
- Excellent highway access (Routes 4, 17, 208, GSP)
- Strong school system with diverse programs
- Mix of residential neighborhoods and commercial areas
Popular Paramus Neighborhoods
Mortgage Programs for Paramus Buyers
Offering conventional, FHA, and first-time buyer programs tailored to Paramus homebuyers.
Conventional Loans
Low down payment options, competitive rates
- Down payments as low as 3%
- Competitive interest rates
- Flexible loan terms (15, 20, 30 years)
FHA Loans
As low as 3.5% down, flexible credit requirements
- Down payment as low as 3.5%
- Credit scores as low as 580 accepted
- Gift funds allowed for down payment
HomeReady Loan
Flexible funding with down payments as low as 3%
- Down payment as low as 3%
- Reduced mortgage insurance costs
- Flexible income sources accepted
203K Renovation Loan
Turn the house you like into the home you love
- Finance purchase and renovation in one loan
- Down payment as low as 3.5%
- Limited 203(k): Up to $75,000 (NEW 2025 limit)
Specialized Mortgage Resources for Paramus
Explore detailed guides tailored specifically for Paramus homebuyers and homeowners.
Home Equity Agreements in Paramus
Are you a Paramus homeowner considering a home equity agreement (HEA)? With Paramus's strong property values and consist...
First-Time Homebuyers in Paramus
Buying your first home in Paramus is an exciting milestone. As a first-time homebuyer, you have access to special progra...
FHA Loans in Paramus
FHA loans are one of the most popular mortgage options for homebuyers in Paramus, offering low down payments, flexible c...
Jumbo Loans in Paramus
For luxury homes and high-value properties in Paramus, jumbo loans provide financing above conventional loan limits. The...
Mortgage Refinancing in Paramus
Refinancing your Paramus home can help you secure a lower interest rate, reduce your monthly payment, access your home e...
Conventional Loans in Paramus
Conventional loans are the most popular mortgage option for homebuyers in Paramus, offering competitive interest rates, ...
VA Loans in Paramus
VA loans provide an incredible benefit for veterans, active-duty service members, and eligible surviving spouses looking...
HomeReady Loans in Paramus
HomeReady loans from Fannie Mae help low-to-moderate income buyers afford homes in Paramus with just 3% down, flexible c...
FHA 203(k) Renovation Loans in Paramus
FHA 203(k) loans let you buy or refinance a fixer-upper in Paramus and finance the renovation costs—all in a single mort...
Mortgage Recast Calculator in Paramus
If you're a Paramus homeowner who's come into a significant sum of money—whether from inheritance, a work bonus, stock o...
Why Work With a Paramus Mortgage Expert?
Local Market Knowledge
Deep understanding of Paramus property values, neighborhood trends, and local real estate market conditions.
Fast Pre-Approvals
Quick pre-approval letters to strengthen your offer in Paramus's competitive real estate market.
Real Estate Agent Relationships
Established connections with top Paramus real estate agents for seamless transactions.
School District Expertise
Guidance on buying in top-rated Paramus Public Schools attendance zones.
Ready to Buy or Refinance in Paramus?
Get expert mortgage guidance from a local Bergen County advisor who understands the Paramus market. Call today or get started online.
Paramus Mortgage FAQs
What is the average home price in Paramus, NJ?
The median home price in Paramus is approximately $625,000. Property values vary significantly by neighborhood, home size, and condition. Paramus is considered a mid-market market within Bergen County.
What types of mortgage loans are available in Paramus?
Paramus homebuyers can access conventional loans, FHA loans (3.5% down), VA loans (0% down for veterans), and first-time buyer programs like HomeReady and Home Possible. The best option depends on your credit score, down payment, and financial situation.
What is the property tax rate in Paramus?
The effective property tax rate in Paramus is approximately 2.45% of the assessed home value. Property taxes fund Paramus Public Schools and local municipal services. On a $625,000 home, annual property taxes would be approximately $15,313.
How long does it take to commute from Paramus to NYC?
The commute from Paramus to New York City typically takes 30 minutes by train or car, making it a convenient option for Manhattan commuters. Jersey City is approximately 25 minutes away. Many Paramus residents work in NYC and appreciate the suburban quality of life with easy urban access.
Start Your Paramus Home Journey Today
Whether you're buying your first home or refinancing your current property, we're here to help you navigate the Paramus real estate market with confidence.