New Jersey Mortgage and Home Loan Information

100% Financing in Cumberland County, NJ

Did you think 100% financing and zero-down loans were a thing of the past? Think again. One of the best mortgage programs available today is the USDA mortgage program. This mortgage option is still somewhat unknown despite it's popularity in this current market. 

Not only is there no required 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.

Sleep well with the safety of a 30-year fixed loan that has no monthly mortgage insurance. 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 Cumberland County, NJ, many of the locations within the county are approved for 100% financing. (see map).

A USDA mortgage is 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:

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:

• 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