USDA - 100% Financing Option - Ocean County, NJ

While commenting on Mark Watterson's post regarding Rural Housing Financing it's important for all buyers to know that 100% financing options are still available.

One type is 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:

Loan limit is $244,600

Income limits: 1 to 4 person family $92,000 5 to 8 person family $121,450

Note that not all lenders qualify, please speak with your mortgage representative for additional information.

Also, not all properties qualify, your mortgage representative can log into the USDA site, input the address and determine which properties can take advantage of this program.

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!

Websites: www.Toula.org www.ToulaRosebrock.com

www.OceanCountyNJRealEstateSales.com

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