Closing costs in New Jersey usually range from 2% to 5% of the home’s purchase price. These costs may include fees for appraisals, inspections, title insurance, and lender charges. Your loan officer can give you a personalized estimate based on your purchase.

For example, on a $300,000 home, buyers can expect to pay between $6,000 and $15,000 in closing costs. 

The most common loans among New Jersey buyers are:

• Conventional Loans – Flexible terms with competitive interest rates. Often preferred by buyers with strong credit and larger down payments, though options with as little as 3% down are available.

• FHA Loans – Backed by the Federal Housing Administration, these are popular with first-time buyers. They allow lower credit scores and down payments starting at 3.5%.

• VA Loans – Available to eligible veterans, active-duty service members, and surviving spouses. VA loans require no down payment and no private mortgage insurance (PMI).

• USDA Loans – Designed for qualifying buyers in rural and suburban areas. These loans also offer no down payment and reduced mortgage insurance costs.

New Jersey’s public schools consistently place among the top in the nation for academic achievement, student growth, and college readiness.

• Top districts include Princeton Public Schools and West Windsor–Plainsboro Regional School District, both renowned for strong test scores and student success.

• Notable schools such as Northern Highlands Regional High School and Princeton High School frequently appear on national “best high schools” lists.

  The state tracks school performance through the New Jersey School Report Cards portal, which reports data on proficiency, growth, graduation rates, and more.