Gloucester County, NJ Real Estate

100% Financing in Salem County, NJ

Are you looking to purchase a home in South Jersey? One of the best mortgage programs available today is the USDA mortgage program. This mortgage loan is still somewhat unknown despite its popularity in this current market. A USDA mortgage allows a home buyer to purchase a home with zero money down. Not only is there no required down payment, but the seller can pay all of the buyers closing costs, which will allow a home buyer to get into a home with very little out of pocket.

A USDA mortgage is 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 Salem County, NJ it is already in a designated USDA area. 

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 for this option.

If a USDA loan will 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 loans, and other options. For more information, to be pre-approved, or to have any questions answered, contact Steve Kappre (below). 

 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