The Toms River housing market is competitive, with a mix of new construction and existing homes available. The median home price of $380,000 reflects the area's desirability and strong demand. As a borrower in Toms River, it's essential to stay informed about local market trends and conditions. Our team at NMHL is committed to providing you with the latest market data and insights to help you make informed decisions about your homebuying journey.

Some notable trends in the Toms River market include:

• A growing demand for homes in the $300,000 to $500,000 price range
• Increased interest in neighborhoods with good schools and amenities
• A competitive market with multiple buyers vying for properties

At NMHL, we're dedicated to helping you navigate the Toms River housing market and find the best mortgage solution for your needs.

Toms River has several unique neighborhoods to choose from, each with its own character and amenities. Some popular areas include:

• Toms River Township: A family-friendly area with a mix of older and newer homes
• Silverton: A desirable neighborhood with a strong sense of community
• Toms River Center: A vibrant area with shops, restaurants, and entertainment options
• Beach Haven: A beachfront community with a relaxed, coastal vibe

When choosing a neighborhood, consider factors like proximity to schools, shopping, and recreational activities. Our team at NMHL can help you explore the local neighborhoods and find the best fit for your lifestyle and budget.

Property taxes in Toms River average approximately 2.20% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $380,000 home, you can expect to pay around $8,360 per year in property taxes. Our loan officers can help you understand how property taxes will impact your mortgage payment and provide guidance on how to factor them into your homebuying budget.

New Jersey also offers several property tax relief programs, including the Homestead Property Tax Relief Program and the Senior Citizens and Disabled Persons Property Tax Deduction Program. Our team at NMHL can help you explore these programs and determine if you're eligible.

Toms River is served by the Toms River Regional School District, which operates several schools in the area. The district has a strong reputation for academic excellence, with several schools earning top ratings from the New Jersey Department of Education. When buying a home in Toms River, it's essential to consider the local school district and how it may impact your property values and resale potential.

Our team at NMHL can provide more information on the local schools and help you find a home that's right for your family's needs. We can also help you explore the relationship between school districts and home values in Toms River.

New Jersey offers several first-time homebuyer programs to help make homeownership more accessible. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers a range of programs, including the First Time Homebuyer Program, which provides low-interest mortgages and down payment assistance. NMHL is an approved lender for these programs and can help you explore your options and apply for the program that's right for you.

Some popular programs include:

• First Time Homebuyer Program: Provides low-interest mortgages and down payment assistance
• Mortgage Credit Certificate (MCC) Program: Provides a federal tax credit for mortgage interest paid
• Down Payment Assistance Program: Provides up to 5% of the purchase price in down payment assistance

Our team at NMHL can help you explore these programs and determine if you're eligible.

At NMHL, we're committed to serving underserved borrowers in Toms River, including those with bad credit, self-employed individuals, and veterans. We offer a range of programs to help these borrowers achieve homeownership, including:

• FHA loans: For borrowers with less-than-perfect credit
• VA loans: For eligible veterans and service members
• Self-Employed Mortgage Program: For self-employed borrowers with non-traditional income

Our team at NMHL can help you explore these programs and determine if you're eligible. We're dedicated to providing personalized service and finding the best mortgage solution for your unique situation.