NJ First-Time Home Buyers

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100% Mortgage Financing in Gloucester County, NJ | USDA

100% Mortgage Financing in Gloucester County, NJ | USDA

100% Financing in Gloucester County NJWhether you are a first time home buyer in Gloucester County, NJ or a move-up home buyer, one of the best mortgage programs going right now is the USDA loan option that allows 100% financing. Unlike many of the risky loans that were available several years ago, this 100% financing loan is a 30-year fixed loan that has no monthly mortgage insurance cost.

Interest rates for this USDA mortgage program are comparable to FHA or conventional mortgages. The location of the home you are buying will have to be in an eligible area. Roughly half of Gloucester County, NJ is available for 100% financing (All of Salem County, NJ is eligible).

This mortgage option is income restricted, but has very flexible (high) limitations, and the majority of home buyers will find that they qualify for this option. For more information, to be pre-approved, or to have any questions answered, contact Steve Kappre.

 

 


 Steve Kappre is a Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group. For more info check out:

Contact Steve Kappre directly: 856-419-3561 | Subscribe to Steve's blog via e-mail

 

Comment balloon 4 commentsStephen Kappre • November 08 2009 09:36PM

Comments

Great information for the USDA Loan, Steve!  MUCH of my area qualifies and I advertise many of my listings showing the benefits of the USDA program! 

Posted by Leesa Finley, RED Properties - Raleigh NC Real Estate (RED Properties) about 9 years ago

Most of my area, Ocean and Atlantic counties qualifies...I love this program!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) about 9 years ago

Leesa - Great idea. Many Realtors are not fully aware and should check each and every listing they have to see if USDA loans are available for it.

Laura - Good to know. As congested as NJ is, there really are a great deal of areas available for USDA financing. I once had a North Jersey Realtor ask me if I was joking considering it is considered a rural loan. I had to let her know it really is available all over NJ.

Posted by Stephen Kappre, Helping You Home (KW Hometown) about 9 years ago

Excellent information Steve.  I use this program quite a bit and have been teaching my agents to check availablility for all of their listings.

Posted by Jane Penttinen, NMLS #222178 (V.I.P. Mortgage ) about 9 years ago

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