100% Financing in Galloway Township Atlantic County
Did you think that 100% financing was a thing of the past? Think again!
With Superior's Rural Housing Program you can obtain 100% financing and make that dream of home ownership a reality. This program has many advantages that make it a much better choice than many of the other programs that are available. Below is a list of some of the highlights of this program.
1 - No Down Payment Required
2 - No Monthly Mortgage Insurance
3 - No Reserve Requirement
4 - No Stated Maximum Loan Amount
5 - Financing Up to 102% of Appraised Value
6 – No First Time Buyer Requirement
7 – New and Existing Homes OK
8 – 30 Year Fixed Rate Loan
9 – No Prepayment Penalty
10 – Seller Contributions up to 6%
11 – No Limitation on Source of Funds
12 – 100% of Money Can Be Gifted
13 –Closing Costs Can be Included in Loan Amount
14 – Not FICO Score Driven
15 – FICO > 620 Do Not Need To Explain Derogatory Credit
With this program you do not need excellent credit, you do not need a down payment, you have no monthly mortgage insurance which makes your monthly payment lower, and currently the rates are in the mid 5’s. This is a huge advantage to a potential home buyer. With low rates and no monthly mortgage insurance you can afford much more house for the same monthly payment.
Many areas in Atlantic County are eligible for this program. Below is a partial list.
Borough of Buena
Buena Vista Twp.
Egg Harbor City
Egg Harbor Township
Port Republic City