Now is the time to get a Morris County, NJ Mortgage Loan!

Now is the time to get a Morris County, NJ Mortgage Loan!

Looking to purchase a home can be an intimidating prospect, particularly in today’s economy. With so many stories of financial crisis and the push-pull of the upcoming election, many people are hesitant even to make the first step in a buying process! However, there are a few areas where now is the perfect time to buy, precisely because real estate prices are at a five-year low.

One such place is Morris County, NJ. This beautiful area of the country is full of rolling hills and cultural heritage, with charming communities and plenty of things to do! It is ideally located just 25 miles west of New York City, allowing not only for a manageable commute to the city for work but also providing a plethora of cultural opportunities such as museums, the ballet, opera, fine dining, shopping and more.

In Morris County, home prices are lower now than at any point in the last five years with an overall average home price of $363,000 as of July 2012. With exceptionally low Morris County, NJ mortgage rates available, it’s an ideal time to get a home and mortgage loan.

In Morris County there is a place for every taste and budget. Harding Township has the highest overall home price in the county at $955,300, with the lowest home price in the city of Dover at $212,800. If you are looking for a single family home in the area, the overall average price is $367,900.

There are several cities in Morris County that offer Condos or Co-op community choices, including Boonton, Montville, Morris Township, Morrisville, Mount Olive Township, Riverdale, Rockaway Township, and Wharton. These Condos/Co-ops are currently at an average price of $265,000, making them an extremely affordable option.

Home prices in Morris County are down 3.7% year-over-year, making now the prime time to purchase a home, and as a local NJ lender, Advisors Mortgage Group, LLC can help you get the best mortgage rate available through one of our many home loan programs, including FHA, VA and Conventional mortgage options.

With many factors presenting a financial landscape that is ripe with possibilities, remember that the current affordable home prices and low New Jersey mortgage rates may not last much longer. So take advantage of Morris County’s beautiful countryside with easy access to the sights and sounds of the city by purchasing a home with one of our many New Jersey mortgage loan options. Whether you are looking at purchasing a home for your family to grow or seeking a place to retire, live, work and play, Morris County could be the home for you!