First-Time Homebuyer's Complete Guide to Bergen County, NJ (2026)

Published January 5, 2026 | 12 min read

Buying your first home in Bergen County is one of the most exciting decisions you'll make. After helping over 150 first-time buyers navigate this process, I've compiled everything you need to know into this comprehensive guide for 2026.

How Much Do I Need for a Down Payment?

Quick Answer: You can buy a home with as little as 0% down (VA loans) or 3% down (Conventional 97). For a $400,000 home, that's $0 to $12,000 down.

  • VA Loans: 0% down for veterans
  • Conventional 97: 3% down ($12,000 on $400K)
  • FHA: 3.5% down ($14,000 on $400K)
  • NJHMFA: Up to $15,000 down payment assistance

What Credit Score Do I Need?

Minimum 580 for FHA (3.5% down), 620+ for conventional. Higher scores mean better interest rates.

What Are Closing Costs?

Expect 2-5% of purchase price. For a $400,000 home: $8,000-$20,000 including lender fees, title insurance, attorney, appraisal, inspections, and escrow.

NJHMFA First-Time Homebuyer Programs

Up to $15,000 in down payment assistance. 0% interest, deferred loan. Eligibility: haven't owned in 3+ years, 620+ credit, income limits apply.

How Long Does It Take?

60-90 days from offer acceptance to closing. Including home search: 3-6 months total.

Best Towns for First-Time Buyers

  • Fair Lawn: $375,000+, train to NYC
  • Hackensack: $325,000+, lowest entry prices
  • Garfield: $350,000+, near highways
  • Lodi: $375,000+, small-town feel
  • Bergenfield: $400,000+, excellent schools

Author: Heather Corrigan, CDRE, SRES

Certified Divorce Real Estate Expert and Seniors Real Estate Specialist with RE/MAX Signature Homes in Closter, NJ.

339+ five-star reviews. 80+ families helped in 2025. 3x Bergen County Real Producers Cover Feature.

Contact: (917) 440-3767 | heather.gocard@gmail.com

Office: RE/MAX Signature Homes, 189 Homans Ave, Closter, NJ 07624