What is the current jumbo loan limit in Mercer county, NJ?

Asked by Win707, 08648 Mon Jul 20, 2009

What is the current jumbo loan limit in Mercer county, NJ and also would like to know if there is any limit on the down payment percentage

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Mon Jul 20, 2009
Hello Win707,

The FHA limit is 440k for a SFR. 3.5% down payment.
If you go conventional, the loan limit is the same, but 20% down is recommened. If your not going to put the 20% down, go FHA.

Danny Castagna
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