NMLS #2560393Licensed mortgage broker in New Jersey
Our neighboring county — from Somerville's downtown to the Bernards Township estates.
AI REMCO L.L.C. is a licensed mortgage broker based in Oldwick, New Jersey, in Tewksbury Township, serving borrowers throughout Somerset County, New Jersey.
Somerset County borders us, and it is one of the counties we work in most. The market splits several ways: Bridgewater and Hillsborough for larger subdivisions and school-driven demand, Somerville and Manville for in-town and smaller housing, Bernards Township and Bernardsville for higher-priced and estate properties, and Franklin Township for a mix that includes substantial condo and townhouse inventory.
Somerset also has a large professional and corporate-employee population, including households with restricted stock, bonus income and relocation packages. How variable compensation is documented — and which lenders count it fully — has a direct effect on how much home a borrower qualifies for.
New construction and townhouse communities are common here too. Builder timelines, extended rate-lock needs and association review are all part of financing those purchases, and they are worth planning around from the start.
Most Somerset County files land in one of a few programs: Conventional loans in Somerset County, Jumbo loans in Somerset County and First-time home buyer financing in Somerset County. Business owners can start with a self-employed mortgage documented from returns or bank statements, and first-time buyers should read how New Jersey down payment assistance pairs with a first mortgage.
Loan limit figures published by the Federal Housing Finance Agency for 2026 — fhfa.gov conforming loan limits. Last reviewed 2026-09-05. For reference only.
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates; FHFA House Price Index, county annual, 2025; FEMA OpenFEMA, National Flood Insurance Program data, as of August 2026. Public estimates for the county as a whole, for general information only; they are not an appraisal, a tax figure for any property or a prediction.
Government and Freddie Mac data, updated as each source publishes.
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Sources: Consumer Financial Protection Bureau, HMDA data (loans originated); U.S. Census Bureau, Building Permits Survey; Freddie Mac House Price Index (FMHPI). Figures describe the past and are for general information only; they are not an appraisal, a forecast or an offer of credit.
Route 78, Route 22, Route 206 and the Raritan Valley Line define most of the county's commuter patterns.
AI REMCO L.L.C. is based in Oldwick, NJ, in Tewksbury Township, and serves borrowers throughout Somerset County — we do not maintain a branch office in every county we serve.
Documenting variable income correctly is often the single biggest qualification lever in Somerset County. Guidelines differ on history requirements and on whether restricted stock can be used, which changes the maximum loan amount.
Builder contracts in Hillsborough, Montgomery and Branchburg can close months out. Extended locks and float-down structures exist, each with its own cost, and choosing one should be a deliberate decision.
Bound Brook, Manville and areas near the Raritan and Millstone rivers include mapped flood zones where the lender will require flood insurance. Checking the FEMA zone for an address early avoids a payment surprise.
Far Hills, Peapack-Gladstone and Bedminster include large parcels and equestrian use, which usually means jumbo financing and an appraiser who handles limited comparables.
New Jersey property taxes are set at the municipal level and vary widely between neighboring towns, so two similarly priced homes can carry very different monthly payments. Lenders escrow taxes and insurance in most cases, which means the tax bill affects both the payment and the income you need to qualify. We use the actual assessed figure for the parcel rather than a county average, and any figure we quote before the tax collector's current bill is confirmed is an estimate.
New Jersey closings are attorney-review based on the contract side and involve title search, survey where required, recording fees and the state's realty transfer fee on a sale. Those third-party costs are set by the provider, the county clerk and the state — not by the broker — and appear on the Loan Estimate and Closing Disclosure the lender issues.
Documents, the appraisal, credit review, rate locks and refinancing work the same way in every county: see how the mortgage process works.
Somerset County is a high-cost area for 2026: its one-unit conforming limit of $1,209,750 sits above the national baseline of $832,750. A loan up to that county limit is still conforming here, so buyers can finance more before jumbo credit, reserve and appraisal guidelines apply.
The default across Bridgewater, Hillsborough and Montgomery.
Standard in the Somerset Hills and much of Bernards Township.
Somerville, Manville and Bound Brook are frequent first-purchase markets.
A lower-down-payment route in the county's borough markets.
For business owners whose returns do not reflect available cash flow.
Used for renovations and debt consolidation by established owners.
The 2026 FHFA one-unit conforming loan limit in Somerset County is $1,209,750. Loan amounts at or below that figure follow conventional conforming guidelines; above it, the loan is a jumbo and is underwritten to the investor's own credit, reserve and appraisal requirements.
Usually yes, with a documented history — the required history and the way the income is averaged vary by program and lender. Because guidelines differ, the same borrower can qualify for different amounts at different lenders.
Some areas do. If a property is in a FEMA special flood hazard area, the lender will require flood insurance. Our flood-map tool shows the FEMA zone for a specific address, and our affiliated agency can quote flood coverage in New Jersey — an affiliation we disclose in writing.
All of them. AI REMCO L.L.C. is licensed as a mortgage broker in New Jersey and works with borrowers anywhere in Somerset County, including municipalities not listed on this page. Files are handled remotely from Tewksbury, New Jersey — there is no Somerset County branch office.
Yes. Taxes and insurance are part of the housing expense a lender counts, so a higher tax bill reduces the loan amount a given income supports. We use the parcel's actual assessed figure where available, and treat pre-closing figures as estimates.
Reach a licensed loan officer at (732) 561-4292 or [email protected]. Mon–Fri, 9am–8pm ET.
Verified against public program guidance as of September 2026.
