NJ First-Time Home Buyers

In a time when employment opportunities are  scarce, there might be some much welcomed hope for South Jersey and the Delaware Valley region. Paulsboro, a small town in Gloucester County, known mostly for its oil refineries, high school football and wrestling teams, is in the midst of creating a $250 million dollar port on the Delaware River.

One article states that the project is expected to generate as many as 20,000 jobs regionwide, including 2,500 jobs directly related to the port and 800 construction jobs.

WOW.

To read an article on the port in Paulsboro, check out this Philadelphia Business Journal article.

 

Steve Kappre is a Certified Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group, serving all 50 states, focusing on Gloucester, Camden, and Salem County, NJ. Steve specializes in;

• All areas concerning First-Time buyers; First-Time Buyer mortgages, grants, down payment assistance, tax credits, police and fire loans, rehab loans for first time buyers, and more.

• Reverse Mortgages for seniors age 62 or older.

• Equity Management strategies for high-end homes and high net worth individuals.

I'm sharing this great testimonial that I recieved last night because I know many people are in the same boat. The questions regarding credit scores are numerous, varied, and frankly getting them answered correctly makes a HUGE deal regarding many other areas in life.  Maybe you can find the same helpful information below in the credit score links.

"I am very grateful to you for taking the time to help me (fix my credit) even though I am doing the work. The fact that you have laid out the steps for me to follow is the best thing that anyone has ever done for me. It is easier to understand now what I need to do to get to where I need to be. Before reading this and talking to you, all I honestly knew was that as long as I paid my bills on time and got them under the limits my score would go up. Having the whole equation makes it so much easier. Thanks again!" - H.S.

I couldn't have said it better!

If you need some questions answered regarding your credit score, spend a little time reading these articles below. They should shed some light on just about anything you want to know.  And if you still have questions, just call, text, or e-mail me.

 

Credit Scoring – What Makes Up My Credit Score? (1 of 6)

Credit Scoring – Payment History (2 of 6)

Credit Scoring – Balances (3 of 6)

Credit Scoring – History (4 of 6)

Credit Scoring – Mix of Accounts (5 of 6)

Credit Scoring - Inquiries (6 of 6)

Steve Kappre is a Certified Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group, serving all 50 states, focusing on Gloucester, Camden, and Salem County, NJ. Steve specializes in;

• All areas concerning First-Time buyers; First-Time Buyer mortgages, grants, down payment assistance, tax credits, police and fire loans, rehab loans for first time buyers, and more.

• Reverse Mortgages for seniors age 62 or older.

• Equity Management strategies for high-end homes and high net worth individuals.

I'm getting the word out. 

Many people don't know about first-time buyer programs in New Jersey. Indeed, many banks, lenders and loan officers don't even know about them. New Jersey and many of the counties of New Jersey have programs for first time home buyers.

There are several grant programs available for various geographic areas, and sometimes areas have more than one option. There are renovation loans and mortgages available as well for homes already in need of some repair when you purchase them. Below is a list of just some of the options that run across my desk often.

• Gloucester County Grant program
  
• Camden County Grant program (more than one)
  
• NJ Smart Start Grant
• Police and Fire First Time Buyer (reduced rate) mortgage

Many of these programs can be used for down payments, closing costs, or both. 

Additionally, many areas of Gloucester County, NJ and all areas in Salem County, NJ are available for 100% financing.  These designated areas allow you to; finance 100% of the purchase price, you can finance the funding fee that is required (if the appraisal is high enough), and you can literally have the seller pay all of your closing costs. And there is NO monthly mortgage insurance! This program is income restricted but is very open and available to the majority of people I come across.

The key to understanding your options and finding out what is best for you is to work with an experienced first-time buyer professional.  I've heard other lenders tell my clients things such as, "There is no first time buyer program," or "FHA is the first-time buyer program you want", and other statements that do not help the first time buyer decide.

Treasury Mortgage / Aurora Financial Group is the largest servicer of HMFA first-time buyer loans, and services over $600 million in home mortgages.  The majority of lenders that write the HMFA Smart Start loans end up being serviced by Aurora. Why not start with the end in mind?

 

If you have any questions regarding a first time home buyer program, just call, e-mail, text or stop by the office. I'd love to spend some time clarifying your options for you and helping you make the most informed decision. ~ Steve Kappre

 

Steve Kappre is a Certified Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group, serving the New Jersey and all 50 states. Steve specializes in all areas concerning First-Time buyers; First-Time Buyer mortgages, grants, down payment assistance, tax credits, police and fire loans, rehab loans for first time buyers, and more. Contact Steve at 856-419-3561 or visit his website here: Gloucester County Mortgage Website

Today I am sharing some insight on credit scoring and credit restoration. In case you don't know there is a clear, wrong way to fix ones credit. And there is a right way to do it. I'm not talking legal or illegal, legit or fraud. I'm talking what works and what doesn't.

Today I spoke with a prospect that had talked to another mortgage rep a few weeks before me.  This was a mortgage rep that clearly has no clue. I mean, REALLY no clue. I feel stress and anger due to others in my industry that crush people's hopes of buying a home in the coming months or even years, just because they shoot from the hip, giving seriously poor advice. 

NOTE: Anyone that advises you to pay off collection accounts older than two years old, or to pay off and close credit accounts probably has no clue.  That should be the first warning. I try not to rant but now that I see it directly dropping a potential home buyer's credit score over 100 points from what her score was a few months ago, well I take it personally. This person has been professionally abused. At least that's how I see it. 

Seriously, if you don't know what you are talking about, don't just shoot from the hip.  Forget about it being one less purchase, refinance, or paycheck. You can crush someones credit, job and possibly even their life.

 

Credit Scoring – What Makes Up My Credit Score? (1 of 6)

Credit Scoring – Payment History (2 of 6)

Credit Scoring – Balances (3 of 6)

Credit Scoring – History (4 of 6)

Credit Scoring – Mix of Accounts (5 of 6)

Credit Scoring - Inquiries (6 of 6)

 

Steve Kappre is a Certified Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group, serving all 50 states, focusing on Gloucester, Camden, and Salem County, NJ. Steve specializes in;

• All areas concerning First-Time buyers; First-Time Buyer mortgages, grants, down payment assistance, tax credits, police and fire loans, rehab loans for first time buyers, and more.

• Reverse Mortgages for seniors age 62 or older.

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com