100% Mortgage Financing in Gloucester County, NJ | USDA
Whether 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:
- NJ First Time Home Buyer Mortgages, grants, down payment assistance, and more
- NJ Reverse Mortgages
- All aspects of purchase and refinance mortgages up to and over 100% of the home's value
- Home renovation loans for refinance or purchase
- Conventional, FHA, USDA, VA, HMFA, PHFA, Police and Fire, Live Where You Work, and more
Contact Steve Kappre directly: 856-419-3561 | Subscribe to Steve's blog via e-mail
Treasury Mortgage - 550 Bridgeton Pike, Mantua, NJ 08051 - 1810 Springdale Road, Cherry Hill, NJ 08003
Licensed by the NJ Department of Banking and Insurance
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!
Most of my area, Ocean and Atlantic counties qualifies...I love this program!
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.
Excellent information Steve. I use this program quite a bit and have been teaching my agents to check availablility for all of their listings.