John Mattsson First Lenders Mortgage

Currently offering New Jersey 30 year fixed mortgages at 4.625% no points up to $417,000. We strive to offer the lowest new jersey rates as well as the lowest fees. We are a NJ licensed mortgage banker and utilize the best investors to close your loan as soon as 4 weeks.

If you are looking for New Jersey Super conforming jumbo loans up to $729,750, we are always the lowest. Currently we are at 4.875% no points on a 30 year super conforming.

Give us an opportunity to offer you the lowest new jersey mortgage rates by visiting our website and giving us a call.

Please visit http://www.firstlendersmortgage.com and mention ACTIVERAIN and we will WAIVE "our" only fee of $350.

Rates subject to change... Qualified applicants only

Currently offering New Jersey Jumbo Super Conforming 30 Year at 4.875% NO POINTS up to $729,750. These low rates have not been offered on super conforming so take full advantage of this low rate. Must have 740+ credit scores,Loan to value up to 80%, and show minimum 2 months reserves.

Please visit http:///www.firstlendersmortgage.com and mention ACTIVERAIN in the "how did you hear about us" and our only fee of $350 is WAIVED!

We are a Full Service New Jersey Licensed Mortgage Banker. Our customers save money and close their loans quickly because we employ the most advanced mortgage technology available! The Internet, advanced mortgage processing software, and automated mortgage underwriting systems are coordinated to speed the mortgage process and deliver the best rate and terms to our clients

Remember the days when someone with a 500 credit score could qualify for a New Jersey FHA mortgage? Well over the past year, FHA credit score requirements have been increasing. Nearly 20% of FHA loans are currently in default causing FHA lenders to be more cautious.

In this current mortgage market, to even be considered for a FHA mortgage, you MUST have a 620 minimum credit score. But we are seeing a trend that many other FHA lenders are now following.

Now, FHA lenders are looking for 640-660 credit scores for FHA financing. While there are still many who still require a 620 minimum credit score, NJ FHA lenders are imposing "pricing hits" to consumers who fall below 660 credit scores. So obviously there is an upward trend happening here with consumers looking to apply for an FHA loan.

In the future, don't be surprised if down payment requirements increase again and credit score minimums gradually increase as well. With rising unemployment and foreclosures, it is causing FHA lenders to alter their lending guidelines going forward.

Keep in mind, there are a "small few" of portfolio FHA lenders that will go below the standard 620 minimum credit score requirement. BUT they are hitting consumers with HEFTY pricing adjustments to get an FHA loan with credit scores below 620.

So if you are looking to obtain an FHA loan, be sure to check your credit scores early enough in the mortgage process, to give yourself ample time to see what you need to do to get your credit scores high enough today to avoid any and all pricing adjustments when applying for a New Jersey FHA mortgage. Also many mortgage companies can assist you in credit repair if necessary. Many mortgage companies will offer this at no cost. Be sure to ask!

Please visit http://www.firstlendersmortgage.com

We offer the LOWEST NJ rates with the Lowest fees. Current 30 year fixed 4.75% zero points

Whether you are looking for the lowest super conforming rates, NJ FHA Jumbo Rates, or super jumbo up to 3 million, First Lenders Mortgage offers the lowest rates combined with the lowest fees!!

Please visit http://www.firstlendersmortgage.com and enter Active Rain in the "how did you hear about us" and our $350 application fee is waived.

* Rates subject to change