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Absecon, NJ FHA Loans in New Jersey

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer Absecon, NJ residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

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Absecon, New Jersey News
Community banks target young money

In business for 92 years, First National Bank of Absecon prides itself as a hometown bank where tellers greet customers by name and longtime depositors are loyal.


New superintendent enjoying her big leap

Karen Wood knows it's a big jump from being principal of a school with fewer than 400 students to becoming superintendent of a district nearly twice that size.


Election spin goes to school

Suddenly, in Room 2038 of Education Hall at Rowan University, professor Maria A. Simone breaks into a gallop.


Latest News: Absecon man indicted on child pornography distribution charges

An Absecon resident was one of three men charged Tuesday in separate state grand jury indictments for allegedly distributing child pornography over the Internet, according to state Attorney General Anne ...


South Jersey men charged in connection to 'Operation Silent Shield'...

Three men, two from South Jersey regions, were charged Tuesday with distributing child pornography over the internet, according to the Press of Atlantic City .


AT&T expands 3G network in New Jersey counties

US communications holding company AT&T announced on Monday that the company's third-generation mobile broadband network is now available in more places throughout southern New Jersey, USA.


Boater rescued after all-night search

A 25-year-old boater was rescued in the marshes Friday morning after an overnight search by his family, State Police and Coast Guard helicopter crews.


Coast Guard Searching For Missing N.J. Boater

Coast Guard crews are searching for a boater who failed to return home from a trip to Absecon Creek.A family member reported Kevin Showell overdue at 11:15 p.m. Thursday.The Coast Guard says the 25-year-old was ...


Absecon may offer incentives for affordable housing

Officials are considering offering development incentives to encourage building low and moderately priced housing southwest of Station Avenue and the White Horse Pike.


McDonalds helps Absecon firefighters

Members of the Absecon Volunteer Fire Company No. 1 earned $1,626 for the department Thursday by working the counter and the drive-thru at the newly opened McDonald's. Twenty percent of general sales and 40 ...


Absecon clarifies when hoodies are OK

About one-third of Absecon students wore hoodies to deflect the morning chill as they headed to school Tuesday.


Top New Jersey Real Estate Transactions

Following are the top prices recorded with the counties June 2-6. Atlantic Absecon 16 Lisbon Ave.


Atlantic City Greek fest starts Friday

Lia Bairaktaris, left, of Galloway Township, and Stavroula Koutsfetsoulis, of Absecon, plate finikia cookies Wednesday in preparation for the Atlantic City Greek Food Festival that will be held at the St.


Closing of last Margate mini-golf par for the course

An institution known for its signs has become a sign of the times. Margate Miniature Golf at the Bay, a fixture on Jefferson Avenue since 1952, will close for good this month.


Drunk driver spurs 10-car collision

A head-on crash involving an allegedly drunken driver resulted in three additional accidents and a 90-minute closing of Shore Road between Ohio Avenue and Route 30, police said Monday.


Top New Jersey Real Estate Transactions

Following are the top prices recorded with the counties May 26-30. Atlantic County Absecon 203 Tremont Ave.


Group again attempts to stop Brigantine open-space purchase

Opponents tried again Wednesday to stop the purchase of the closed St. Philip's School in Brigantine, saying the project needs more scrutiny before Atlantic County hands over $1.95 million in open-space ...


Letters, Sept. 11, 2008

Regarding the Sept. 2 letter, "A.C. has everything - except a grocery store": Every supermarket that there was in Atlantic City was driven out of business.


Latest News: Strong regional storms spark house fire in Linwood, hail in Cape May County

A woman hurries to get her groceries in the trunk of her car Tuesday during the heaviest rainfall in the parking lot of the Absecon ShopRite.


Galloway boy, 10, dies in fall from playground slide

A 10-year-old boy has died after falling from a playground slide, police said Tuesday.


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