NOW IS THE TIME TO BUY A HOME!

GREAT NEW MORTGAGE PROGRAMS!

Burlington County 1st Time Buyer Program: #1

County financial assistance: Up to $4,000 in closing costs in form of a 0% interest loan, which would be forgiven after 6 years occupation of the home.  Up to $5,000, toward down payment assistance, which is also 0% interest loan due when property is sold or no longer occupied.

Requirements: Home buyer must put in a minimum of 3% toward down payment out of own money.  Property: Must meet HUD's Housing Quality Standards and purchase price can not exceed FHA limits.                                                                                                                                        Applicant: Must not have owned a home in the past 3 years to qualify as a 1st time home buyer and must live in Burlington County, NJ. Applicant must have less than 20% of purchase price in liquid assets.

Live where you work-Evesham Home Buyer Program: #2

A special home buyer incentive program that provides low-interest mortgage loans to home buyers who work in and who are looking to purchase a home in Evesham Township.

Low interest mortgages for home buyers.                                                                                          Down payment and closing cost assistance for the purchase of a home.                                         Flexible underwriting criteria.

FHA 203k Rehab mortgage: #3

Allows buyer to purchase property "as-is" and then borrow 96.5% of the money to buy it and do repairs.  Down payment 3.5%, one time up front MIP 1.75%, monthly MIP .55%. 

Example: $100,000 Purchase price, repairs $25,000. Total=$125,000; so the mortgage would be $120,600 and the down payment would be $4,400.

Finally, the US Government is giving an $8,000. tax credit to buyers in 2009.

All mortgages are subject to "qualified buyers only".

The information has been gathered from several different lenders and is subject to errrors and omissions.  If you have any questions, let us know and we will put you in touch with the respective lenders.

Our goal is to provide information to let buyers know that there are many available mortgage programs.  And- of course we would love to be their agent of choice in finding them their dream home.

DOOLING & Co., Realtors                                                        

53 S. Maple Ave

Marlton, NJ 08053

856-983-8447

www.doolingrealtors.com