Getting your first time home buyer loans can be daunting. It is a huge responsibility— but it’s also a huge opportunity to invest in your future. If you’re a renter, you will experience a tremendous sense of freedom, both financially and in your lifestyle.
The check you write each month goes toward your investment future, not your landlord’s. The walls are yours to paint any color you like and the trees you plant will last for decades. And, what could be better than hanging a family portrait or not having to think twice about filling in nail holes? That’s more than equity…that’s freedom.
By now you’ve read all the news about first time home owners loans. With home prices and home mortgage rates so low, there’s never been a better time to take a giant step toward freedom with by applying for your home loan.
If you haven’t owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by NJHMFA. This unique, first time home buyer loan offers a below-market, fixed interest rate to those who can apply. It will even help with your down payment.
You can get 2%, 3% or even 4% towards your down payment and/or closing costs. There is no monthly payment or interest rate on the loan. If you’re in a Smart Growth Area, single family units and condos are eligible, while 2-4 family homes must be in existence for 5 years.
At Jersey Mortgage Company we will work with you throughout the first time home buyer loan process to help make your first home buying experience as simple and seamless as possible. Because we are a direct lender, not a broker, we close with our own money and in our own name so you can feel secure working with the lender responsible for approving your loan. Even now, when other mortgage companies have reverted to “fast fixes,” we have remained resolute, devoted to our clients and to responsible lending.
With all the recent fluctuations in the marketplace it can be intimidating to make such a large commitment. That’s why it pays to go with an industry leader that will work side by side with you, and, has a proven record of customer service and an established reputation. No matter what your financial situation is, the first time home buyer loans experts at Jersey Mortgage Company will go out of their way to get the deal done right for you.
We are one of only three lenders in New Jersey that has received a Lender Certificate of Appreciation from the State of New Jersey Dept. of Housing and Mortgage Finance,recognizing our achievements in providing affordable housing and innovative solutions with our first time home buyer loans. We are also members of the LendRIGHT program, a distinction that underscores our commitment to providing a premium level of service.
Based on what you are now paying to rent, it’s highly likely that you’re already qualified for one of the dozens of great home loans available to you.