What areas does CMG Home Loans serve in Bergen County?

CMG Home Loans serves all 70 municipalities in Bergen County, NJ, including Paramus, Ridgewood, Fort Lee, Hackensack, Teaneck, Fair Lawn, and more. We provide local expertise with competitive mortgage rates throughout the county.

What is the current conforming loan limit in Bergen County, NJ?

The 2024 conforming loan limit for Bergen County, NJ is $1,149,825 for a single-family home. Loans above this amount are considered jumbo loans. CMG Home Loans offers both conforming and jumbo mortgage options.

What types of mortgage loans does CMG offer?

CMG Home Loans offers a comprehensive range of mortgage products including FHA loans, VA loans, USDA loans, Conventional loans, Jumbo loans, All-In-One Mortgage, HomeFundIt down payment assistance, Renovation 203k loans, Reverse mortgages, and Builder programs.

What credit score do I need for a mortgage in Bergen County?

Credit score requirements vary by loan type. FHA loans may be available with scores as low as 580 with 3.5% down. Conventional loans typically require 620+. VA loans have flexible credit requirements. Contact CMG for personalized guidance based on your situation.

How much down payment do I need in Bergen County?

Down payment requirements vary: FHA loans require 3.5% minimum, Conventional loans can be as low as 3% for first-time buyers, VA loans offer 0% down for eligible veterans, and Jumbo loans typically require 10-20%. CMG also offers HomeFundIt for down payment assistance.

Q1 2025 Report

Bergen CountyReal Estate Market Report

Data-driven insights for buyers, sellers, and investors

Market at a Glance

Median Home Price

$725,000

+5.2%YoY

Avg Days on Market

-8vs last year

Homes for Sale

1,847

-12%YoY

Months of Supply

2.1

-0.4vs last year

Top Towns Performance

Town	Median Price	YoY Growth	Inventory
Ridgewood	$895K	+7.2%	Low
Tenafly	$1.2M	+6.8%	Very Low
Fort Lee	$580K	+4.5%	Moderate
Paramus	$685K	+5.1%	Low
Wyckoff	$825K	+6.2%	Very Low
Fair Lawn	$575K	+4.8%	Moderate

Market Insights & Trends

Buyer's Market Indicators

✓Interest rates stabilizing after recent Fed decisions
✓More negotiation power in luxury segment ($1M+)
✓Seasonal inventory increase expected in spring

Seller's Market Indicators

✓Low inventory driving multiple offer situations
✓Homes under $700K selling in under 30 days
✓Strong demand from NYC relocations continues

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