New Jersey /OCEAN COUNTY USDA program has been extended to January 15, 2014
Mortgage Commitment must be issued by this date, in order do take advantage of this program.
The USDA Rural Development Guaranteed housing loan which is a Government insured 100% purchase loan.
This program is designed for a borrower to borrow up to 100% of the appraised value of the home, which eliminates the need for a down payment.
Some of the KEY guidelines for OCEAN COUNTY, NJ are as follows:
Income limits: 1 to 4 person family $95,000
5 to 8 person family $125,400
Note that not all lenders qualify, please speak with your mortgage representative for additional information.
SPECIAL NOTE: not all properties qualify. I have access to the USDA site; by inputting the address, I can determine which properties can take advantage of this program.
This program is designed for Single Family Homes.
Properties that do not qualify are: those that are considered Mother/Daughter types, those that can be sub-divided and those with built-in pools (unless the appraisal can carve out the value of the pool and still appraise at the purchase price).
This is a fantastic program, please call me today!
Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Waterfront Properties, Single Family Homes, Multi Family