USDA Mortgages in NJ with no money down financing are still available in many areas.  This is a great loan program for qualified New Jersey properties to qualified applicants with moderate income and little to no down payment.  As I had written previously in this blog: Need 100% Financing? Try the USDA Guaranteed Rural Housing Loan Program the USDA Mortgages in NJ program is a great loan for rural and even some not-so-rural areas that qualify for the USDA program. New Jersey still has many areas that qualify for the RD Loan.  For a direct quote on this or any particular program, please contact me or feel free to call me directly at 908 531 6170.

Real estate Agents: If you have a listing or are selling your home and it qualifies location-wise for an RD loan, this also can be a great tool to market a property.   Everybody wants to get a bargain and /or a deal, and offering special financing is one way to create some sizzle.  "No Money DownFfinancing available to qualified buyers" with USDA Mortgages in NJ is an attention getter for a property.  The beauty of 100% financing for USDA Mortgages in NJ is that it expands the pool of folks who could possibly purchase your home.

Many Counties in New Jersey, particularly western and southern Counties, have at least a portion of eligible locations.  Click here to look at a map of eligible areas in New Jersey for USDA financing.   Be sure to consult the site first before looking at properties.

It is paramount to check the property location and also with a qualified loan officer for further details for information on USDA Mortgages in NJ with No Money Down Financing.  Keep in mind, both the property (based on location) and the borrower (based on income) need to qualify to be eligible for consideration for this loan program.   

The other qualification restriction is income based.  The income limits for the 100% Section 502 Guaranteed Rural Housing Program are listed here: Income Eligibility  According to the chart, a family of 2's maximum annual income would be $95,400 for the Section 502 Guaranteed Rural Housing Program in Hartford County.

There is a financed fee similar to the VA funding fee for this program, and there are credit qualifications-620 minimum fico- and property qualifications as well.

Once again, this a great program for 100% financing USDA Mortgages in NJ.  For more details, contact Michael Byrne at 800-999-2489 x7972