Wood Ridge NJ
Mortgage Broker
Expert home loan guidance for Wood Ridge's close-knit community. FHA, VA, Conventional financing with affordable pricing.
Why Choose Wood Ridge NJ
Wood Ridge is a small Bergen County borough offering close-knit community living with convenient highway access. With a median home price of $535,000 and population of 9,500, Wood Ridge provides affordable homeownership with strong neighborhood connections.
Route 17 runs through Wood Ridge, providing direct access to Manhattan, the Garden State Parkway, and throughout northern New Jersey. The borough's compact size fosters community spirit with local events, recreation programs, and active civic organizations that bring neighbors together.
Wood Ridge School District serves K-12 students with B+/B ratings and dedicated teachers. Property taxes at 2.71% (~$14,499/year on median home) are near Bergen County's average, making Wood Ridge attractive to first-time buyers and families seeking community feel without premium pricing found in larger towns.
Wood Ridge Market Snapshot
Home Loan Programs for Wood Ridge
Flexible financing options designed for Wood Ridge homebuyers.
FHA Loans
Just 3.5% down ($18,725 on $535K median). Perfect for first-time Wood Ridge buyers.
- •3.5% down payment
- •580+ credit score
- •43% max DTI ratio
VA Loans
0% down payment for eligible veterans. No PMI required. Competitive rates.
- •$0 down payment
- •No PMI required
- •Military benefits
Conventional
As low as 3% down ($16,050 on median). Best rates for strong credit.
- •3-20% down payment
- •620+ credit score
- •Flexible options
Jumbo Loans
For homes exceeding $766,550. Competitive rates for luxury properties.
- •Loans over $766,550
- •Excellent credit needed
- •Luxury financing
Current Mortgage Rates in Wood Ridge NJ
Rates updated October 2025. Subject to credit approval and market conditions.
Wood Ridge NJ Mortgage FAQs
What is the minimum down payment needed in Wood Ridge NJ?
FHA loans require 3.5% down ($18,725 on $535K median home), VA loans 0% down for eligible veterans, Conventional loans 3-20% down ($16,050-$107,000 on median). First-time buyers often use FHA or Conventional 3% down programs.
What makes Wood Ridge NJ attractive to homebuyers?
Wood Ridge offers small borough feel with ~9,500 residents, close-knit community, Route 17 access for commuters, affordability compared to Bergen County median, B+/B rated schools, and 2.71% property tax rate (~$14,499/year on median home). Perfect for buyers seeking community connection.
How affordable is Wood Ridge compared to other Bergen County towns?
Wood Ridge median home price of $535K is significantly below Bergen County's $749,714 median, making it accessible for first-time buyers and families. Property taxes at 2.71% are near county average, providing good value for location and community amenities.
What are current mortgage rates in Wood Ridge NJ?
Current rates (October 2025): 30-year fixed 6.40%, 15-year fixed 5.65%, FHA 6.125%, VA 6.00%. Actual rates vary based on credit score, down payment, loan amount, and property type. Contact CMG Home Loans NMLS #1577754 for personalized rate quotes.
Ready to Buy a Home in Wood Ridge NJ?
Get expert mortgage guidance from a Bergen County broker who understands Wood Ridge's community market. NMLS #1577754.
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