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Why choose a Rural Development Guarantee loan in New Jersey? Many areas of New Jersey are eligible for the USDA 100% Home Purchase Loan. It is still possible to buy a primary home in New Jersey with No Money Down

• 100% financing; no downpayment

• No private mortgage insurance

• 30 year fixed interest rate

• Flexible credit guidelines

• Flexible qualifying guidelines

• No maximum purchase price

• Closing costs, legal fees, and other eligible costs may be rolled into the loan

Applying for 100% Guaranteed financing is easy!

Will I qualify for 100% Guaranteed financing?

To be eligible applicants must:

• Have a steady and dependable income
• Demonstrate a reliable credit history; the ability and willingness to repay debts when they are due
• Be a U.S. citizen, or be legally admitted to the United States for permanent residence
• Meet Rural Development’s “Adjusted” income limits for the county in which they are purchasing
• Qualify within the flexible guidelines offered by Rural Development for housing and debt loads
• Purchase a new or existing dwelling located in an eligible community.
http://eligibility.sc.egov.usda.gov click on “Single Family” under “Property Eligibility”

What are Rural Development’s income limits?

Rural Development income limits are based on the number of members residing within the household. Rural Development allows deductions for children, childcare, and other eligible expenses. By allowing lenders to “adjust” the annual income, more individuals and families can qualify for 100% Guaranteed financing. Ask your lender for more information.

For more information on the USDA 100% Home Loan Program or any available loan programs in New Jersey, contact Jerry Santoro @ 732-536-3330 ext 310