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100% Mortgage Financing in Gloucester and Salem Counties | USDA | New Income Limits

100% Mortgage Financing in Gloucester and Salem Counties | USDA | New Income Limits

USDAThe USDA has announced the income limits for the Guaranteed Rural Housing (GRH) Program have changed effective June, 2, 2010. The income eligibility is determined by the number of people living in the household, not the number of people on the application.

Under the income limit structure, the current income limits are:

1 - 4 Person Household: $74,050

5 - 8 Person Household: $97,750

Unlike other home financing programs, there are no loan limits with the USDA Guaranteed Rural Housing Program. The maximum loan amount for USDA Guaranteed Rural Housing applicants is based on their ability to meet the repayment ratios for the program, while simultaneously staying within the programs income limits.

Be sure to choose a Realtor and lender who have experience with the USDA program along with the requirements and time limits that go along with the loan program. Treasury Mortgage in Mantua is authorized by USDA to underwrite these loans in-house making for a much smoother transaction and a much quicker turn around.

Mantua Homes For Sale

Mantua Homes For Sale

Mantua Township is nestled in Gloucester County, New Jersey between West Deptford and East Greenwich. Children in Mantua Township attend one of three elementary schools, J. Mason Tomlin School, Center City School, or Sewell School. They then move on to Clearview Regional School District for both middle school and high school.

There are currently 172 homes for sale in Mantua. They range in price from $69,000 to $695,000. There is something for everyone, from the first time home buyer to the mature, move up buyer. To search homes currently for sale in Mantua, NJ click the picture below.

Mantua Home Sales

Homes for Sale in Amherst Farms - Mickleton - East Greenwich NJ

Homes for Sale in Amherst Farms - Mickleton - East Greenwich NJ

Amherst Farms

Amherst Farms is comprised of estate homes in a very private setting. This community is comprised of 4+ bedroom homes with all of the upgrades you would expect in a higher - end home. These homes have incredible gourmet kitchens, some opening to Florida rooms and two story family rooms. There is elegent trim through out including crown molding and wainscotting. Two homes in the community include an exclusive 17 X 20 sunroom making this home complete. All homes have access to a community fishing pond, tot lot, walking path and baseball field.

There are currently four homes for sale in Amherst Farms. Three are listed with real estate companies and two for sale by owner (one of them is one of the two homes with a sunroom).

Homes currently listed with real estate companies in Amherst Farms, Mickleton - East Greenwich NJ

542 Morgan Drive*

539 Morgan**

531 Morgan*

Homes for Sale by Owner in Amherst Farms, Mickleton - East Greenwich NJ

200 Hopkins Road

219 Hopkins Road

*Currently listed with Century 21 Town and Country
**Currently listed with Century 21 Premier