Park Ridge NJ Mortgage Broker
Downtown charm with train access. FHA, VA, and Conventional home loans with expert guidance from CMG Home Loans.
Downtown Living & Train Access
Park Ridge combines downtown vibrancy with suburban charm at a median home price of $685,000. This walkable community of ~8,700 residents features a charming downtown area with local shops, restaurants, and an NJ Transit train station for easy NYC access.
With property tax rates averaging 2.36% (well below county average), Park Ridge offers exceptional value for downtown living. The train station location attracts commuters, while the town's residential character and quality schools appeal to families.
A-/B+ rated schools and downtown accessibility make Park Ridge ideal for NYC commuters, families valuing walkability, and anyone seeking small-town atmosphere with urban convenience.
Park Ridge Market Snapshot
Home Loan Programs for Park Ridge
Flexible financing options tailored to Park Ridge's downtown market. NMLS #1577754
FHA Loans
Perfect for first-time buyers in Park Ridge. Just 3.5% down ($23,975 on median $685K 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 $23,975+ 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 ($20,550)
- ✓Remove PMI at 20% equity
- ✓30-year fixed at 6.40%
Jumbo Loans
For Park Ridge properties exceeding conforming loan limits or luxury homes.
- ✓Loans above $806,500
- ✓Competitive jumbo rates
- ✓Flexible qualification
Park Ridge Mortgage FAQs
What is the minimum down payment needed in Park Ridge NJ?
FHA loans require 3.5% down ($23,975 on $685K median home), VA loans 0% down for eligible veterans, Conventional loans 3-20% down ($20,550-$137,000 on median). First-time buyers often use FHA or Conventional 3% down programs.
How much are property taxes in Park Ridge NJ?
Park Ridge has an average property tax rate of 2.36%. On a $685K median home, expect approximately $16,166 annually ($1,347/month). This is below the Bergen County average of 2.73%.
What makes Park Ridge attractive for homebuyers?
Park Ridge offers downtown living with a median of $685K, charming downtown area with shops and dining, NJ Transit train station for NYC commute, excellent A-/B+ rated schools, a community of ~8,700 residents, and lower property taxes at 2.36%.
What loan programs work best for Park Ridge 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), and Jumbo loans for properties exceeding conforming limits. Current rates: 30yr 6.40%, FHA 6.125%, VA 6.00%.
Ready to Buy in Park Ridge?
Get pre-approved for your Park Ridge home loan today. Expert guidance from Jimmy Joseph MBA, NMLS #1577754.