Camden County, New Jersey
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Camden Real Estate Market Update
Camden County, New Jersey, is experiencing a robust real estate market with a median home sold price of $329,175 as of October 2024, reflecting a 9.8% increase from the previous year. This seller's market indicates that homes are selling quickly and often above the asking price, with a median price per square foot of $206.
The county is home to several notable cities, including Camden, Cherry Hill, and Gloucester City. Camden, the county seat, has a population of approximately 73,000, while Cherry Hill, a major suburb, boasts a population of around 71,000. Gloucester City, with a smaller population of about 11,000, offers a more intimate community atmosphere.
Living in Camden County offers a mix of suburban and urban experiences, with a predominance of suburban communities. The county's economy is driven by industries such as healthcare, education, and retail trade. Many people are drawn to Camden County for its proximity to Philadelphia, providing easy access to urban amenities while enjoying the benefits of suburban living. This migration pattern is often fueled by the desire for more affordable housing and a family-friendly environment.
2025 Mortgage Loan Limits:
Camden County, New Jersey
1 Unit
$806,500
Conforming Loans
$594,550
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$761,150
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$920,050
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,143,400
FHA Loans
Questions About Refinancing in
Camden County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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