Holmdel, NJ

Monmouth 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. Monmouth 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, 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 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 Monmouth 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.

Jumbo Mortgage Loans: We have Monmouth 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. Monmouth County's loan limit is $729,000 currently. Here is a recent blog about our jumbo programs in NJ.

USDA RD Loans: particularly in western Monmouth County, New Jersey, there are 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.

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.

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 Monmouth County Mortgage Loan Programs we offer, use my contact form or call me at 908 531 6170.

I thought today that I'd talk more in general terms about wht life was like in NJ during the early years. I wish that my scanner was working so that I could have pictures accompany this blog. For those of you that are familar with the big ampitheater on the Garden State Parkway, it's original name was Holmdel Park. After they built the center they named it the Garden State Arts Center and now it has a different name. Well, before there was and arts center there was just plain old Holmdel Park and it was in the sticks. The only other thing in Holmdel was Bell Labs of Telstar fame. It was extremely rural dotted with corn farms and horse farms. This is where we went to sleigh ride and boy was it grand. It was a whole ay outing. There was a great hill there named Telegraph Hill and it was so much fun to ride it all the way down on my Flexible Flyer. Then along came Flying Saucers and at the time they were made of aluminum. We'd wax them up an fly over the hills and bumps. It was the place to be in the winter. I remember sometime in the 80's finding out that a lot for a home was then bout $14,000 and I thought how outrageous. Now that same lot would be $250-300k. Funny how time changes things. What was once considered undesireable woods is now one of the more elite places to be in Monmouth County.