Cape May, NJ

Cape May County Mortgage Loan Programs abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage. Cape May County Mortgage Loan Programs include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, Second Home Financing, and Stated Income Loans. We will review briefly each type of loan listed above to go over the programs we offer as a New Jersey Mortgage Banker. We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds. For a direct quote on any particular program, please contact me or feel free to call me directly at 908 531 6170. Here is a synopsis of several of our different loan programs:

FHA Mortgages are very popular among our Cape May County Mortgage Loan Programs, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff. We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. Here is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program. The fixed rate program is super as well.

VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike. With VA approved underwriters on staff, we offer in-house underwriting for VA Loans. Here is a recent blog I wrote with some basic information regarding the VA Mortgage Program.

USDA RD Loans: in Cape May County, New Jersey, there are some areas qualified for the moderate income rural development 100% financing program. As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves. Here is some info on the USDA program and eligible areas in NJ. The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.

Jumbo Mortgage Loans: We have Cape May County Mortgage Loan Programs with true Jumbo Mortgage programs on a brokered basis. Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits. The Cape May area comes to mind, for one with just a $487,500 loan limit for conventional financing. Here is a recent blog about our true jumbo programs in NJ. We offer jumbo homes on second homes as well.

Stated Income Mortgage Loans: We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended. This blog has more information about our stated income brokered product.

For more information on the Cape May County Mortgage Loan Programs we offer, use my contact form or call me at 908 531 6170.

Cape May is haunted. So, it is no surprise that there are many terror-ific events happening in the next two weeks. There is the Historic Haunts Combo Tour which is a trolley ride and tour of the Emblem Physick Estate. Next, we have the Ghosts of Cape May Trolley Tour that travels past haunted houses in the center of town. I think they are all haunted. If you want to see the haunted houses outside of Cape May proper, just drive through West Cape May, roll down your window, and follow the sounds of the coyotes hollowing at the moon. There is also a Tales of Terror trolley ride where you can listen to Cape May ghost stories. A must do is the Phantoms of Cape May self guided Halloween tour through Cape May ghostly landmarks. Of course, you can always stop in for a Murder Mystery at the Inn of Cape May. How about sitting on the beach? I heard there is a phantom dog that people see coming out of the water at the Point. Whatever your pleasure, Cape May is sure to deliver and frighten this Halloween season.

This weekend is officially the start of our season in Cape May. There are yard sales a plenty, people walking to the beach, owners cleaning out their homes and getting ready for renters, and of course everyone heading to the beach.....Oh, I said that already. Today is one of the prettiest days of the spring season. The sun is out and there is not a cloud in the sky. The sun is going to be very hot today so I would definately choose the beach over sitting in your backyard. The restaurants are all officially open during the week instead of just on weekends. The real estate market is starting to pick up a bit. All in all, it is a great day to be at the Jersey shore. I wish everyone a safe and happy Memorial Day weekend.

RE/MAX has jumped onto the bandwagon and rolled out their newest marketing venture to embrace the changing conscious of where our housing market is going. Here is a link to the site that spells out the program and all its requirements and how it can benefit RE/MAX agents and their clients as well as our planet.

http://www.remax.net/files/REMAX_GreenProgramGuide.pdf?rnd=0.8584030551439197

I was happy to see that the " EcoBroker" certification was an approved designation that qualified me to use the new RE/MAX Green Designation.

Dave

This sole beachcomber (my beautiful wife) was caught walking on the beach in Cape May this evening. Aside from me taking the picture she was the only one there as far as you could see in each direction. This is one of the treasures of working and living in this area is to be able to get away in just a few minutes from home. Even though times are tough the draw to the beach has endured for centuries , surviving many economies, wars and everything else this country has been through. It was a reminder to me to take the time to appreciate the simple things around me .