Fha Income Limits 2024 Nj. Income limits are determined by the area of purchase as well as family size, but may not exceed 140% of area median income. In addition, you’ll need a fico score of at least 640 and meet the income limits established by freddie mac.
For a 1 unit home (single family) the limits in new jersey range from a standard limit of $498,257 up to a high cost limit of $1,149,825. To qualify for an fha loan in new jersey, your home loan must be below the local fha loan limits in your area.