NJ First-Time Home Buyers

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100% Financing for Salem County NJ

100% Financing for Salem County, NJ

Picket Fence100% financing is available for a home purchase for any town in Salem County. This mortgage option is available to both first time home buyers and those selling a home and relocating. This loan option is known as a USDA loan, and is fast becoming one of the most popular loans.

Although this 100% loan option has been around for many years, its popularity thinned over the last several years because of the easy access and availability of 100% financing from every lender in business. The 100% financing loans offered over the last several years though were mostly adjustable rate mortgages.

The USDA loan is a 30-year fixed loan. Here are some additional important aspects of this mortgage option:

  • There is no monthly mortgage insurance
  • The mortgage insurance premium can be financed so that you don't need to pay it at settlement
  • The seller can pay as much closing costs as is needed. This allows a buyer to have some or all of their closing costs paid by the seller.

One of the benefits of having the seller pay closing costs is to keep more money in the buyer's bank account. This creates a safer environment as a homeowner, financially being ready and able to take care of those little "unplanned" events that happen as a home owner.

For additional information, to get pre-approved for a mortgage, or any other needs, feel free to Contact Steve Kappre on his cell phone at 856-419-3561.

Other Helpful Links

Understanding and Using All of Your First Time Home Buyer Options

Understanding Seller Concessions | Seller Paid Closing Costs | Seller Contributions | Seller Assist

Financing and Mortgages with a Credit Score Below 620

Why I'm Stressing Over Someone Else's Credit


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Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

Reverse Mortgages

• 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

Comment balloon 0 commentsStephen Kappre • July 28 2009 10:52PM

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