USDA Guaranteed Loans are the most popular rural development mortgage program in New Jersey. Along with no down payment requirement, USDA loans don’t have set maximum loan limits for the guaranteed mortgage program. Instead, local limits are determined by a combination of the area USDA maximum income limit and the applicant’s debt-to-income ratio.
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Search USDA Direct Loan Limits (for low income applicants)
This approach means that the maximum loan limits for Guaranteed Loans are variable, with New Jersey USDA income limits playing a major role. Guaranteed Loan income limits across NJ are listed below.
New Jersey USDA Guaranteed Loan Income Limits
Area | 1-4 Person Households | 5-8 Person Households |
|---|---|---|
| Atlantic City-Hammonton, NJ MSA | $92,600 | $122,250 |
| Bergen-Passaic, NJ HUD Metro FMR Area | $108,550 | $143,300 |
| Jersey City, NJ HUD Metro FMR Area | $108,250 | $142,900 |
| Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area | $117,100 | $154,550 |
| Monmouth-Ocean, NJ HUD Metro FMR Area | $108,550 | $143,300 |
| Newark, NJ HUD Metro FMR Area | $108,550 | $143,300 |
| Ocean City, NJ MSA | $96,150 | $126,900 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA | $103,650 | $136,800 |
| Trenton, NJ MSA | $108,550 | $143,300 |
| Vineland-Bridgeton, NJ MSA | $92,600 | $122,250 |
| Warren County, NJ HUD Metro FMR Area | $108,550 | $143,300 |
