Passaic, NJ Home Loans & Mortgage Services
Expert mortgage guidance for Passaic homebuyers and homeowners. Get competitive rates on conventional, FHA, VA, and jumbo loans with a local Bergen County mortgage advisor who understands the Passaic market.
Passaic Real Estate Market Overview
Why Choose Passaic?
- Passaic River waterfront
- Diverse immigrant communities
- Affordable housing options
- Easy access to Route 21 and GSP
Popular Passaic Neighborhoods
Mortgage Programs for Passaic Buyers
Expert guidance on FHA, VA, and low down payment programs perfect for Passaic first-time buyers.
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
Home Possible
More possibilities with down payments as low as 3%
- Down payment as low as 3%
- Reduced mortgage insurance
- No first-time buyer requirement
VA Loans
$0 down for eligible veterans and military
- 100% financing - no down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
Why Work With a Passaic Mortgage Expert?
Local Market Knowledge
Deep understanding of Passaic property values, neighborhood trends, and local real estate market conditions.
Fast Pre-Approvals
Quick pre-approval letters to strengthen your offer in Passaic's competitive real estate market.
Real Estate Agent Relationships
Established connections with top Passaic real estate agents for seamless transactions.
School District Expertise
Guidance on buying in top-rated Passaic Public Schools attendance zones.
Ready to Buy or Refinance in Passaic?
Get expert mortgage guidance from a local Bergen County advisor who understands the Passaic market. Call today or get started online.
Passaic Mortgage FAQs
What is the average home price in Passaic, NJ?
The median home price in Passaic is approximately $400,000. Property values vary significantly by neighborhood, home size, and condition. Passaic is considered a entry-level market within Bergen County.
What types of mortgage loans are available in Passaic?
Passaic 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 Passaic?
The effective property tax rate in Passaic is approximately 2.88% of the assessed home value. Property taxes fund Passaic Public Schools and local municipal services. On a $400,000 home, annual property taxes would be approximately $11,520.
How long does it take to commute from Passaic to NYC?
The commute from Passaic 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 Passaic residents work in NYC and appreciate the suburban quality of life with easy urban access.
Start Your Passaic Home Journey Today
Whether you're buying your first home or refinancing your current property, we're here to help you navigate the Passaic real estate market with confidence.