NJ First-Time Home Buyers


Zero Down Mortgage Loans for Cape May County, NJ

Zero Down Mortgage Loans in Cape May County, NJ

Although many 100% financing options have recently been taken away from the home buyer's mortgage options, one of the best zero down mortgages ever is still around and going strong; The USDA mortgage program.

Zero Down Mortgage Options in Cape May NJNot only does this 100% mortgage require no down payment, but the seller can pay all of the buyer's closing costs, which will allow a home buyer to get into a home with very little money out of pocket.

This 100% financing program is a 30-year fixed loan that has no monthly mortgage insurance. You do not have to put 20% down to avoid that expensive mortgage insurance with this loan. And interest rates for the USDA mortgage program are comparable to FHA or conventional mortgages.

There are a few limitations; The location of the home you are buying will have to be in an eligible area. If you are buying a home in Cape May County, NJ, many of the locations within the county are approved for 100% financing. (see map - lighter area).

A USDA mortgage is also income restricted, however it does have fairly high income limitations, and the majority of home buyers will find that they qualify.

If a USDA loan does not work for your particular situation, there are other options including first time home buyer grants and assistance programs (both state and county programs), FHA/VA loans, FHA 203K Renovation / Purchase loans and other options. For more information, to be pre-approved, or to have any questions answered, contact Steve Kappre (below). 

See also some other counties offering 100% Financing:

100% Mortgage Financing in Cumberland County, NJ

100% Financing in Salem County, NJ

100% Mortgage Financing in Gloucester County, NJ | USDA

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 1 commentStephen Kappre • November 22 2009 06:25PM


Steve, we use these mortgages quite often here in our area.  But you are right, the area where the home is located must qualify.

Posted by Bob Haywood, BobHaywood.com (McGraw Realtors) about 10 years ago

This blog does not allow anonymous comments