Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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 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.

Local FHA Loan directory for NJ :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Baptistown Belleville Blawenburg Bridgeton
Barnegat Bellmawr Bloomfield Bridgewater
Barnegat Light Belmar Bloomingdale Brielle
Barrington Belvidere Bloomsbury Brigantine
Basking Ridge Bergenfield Bogota Broadway
Bayonne Berkeley Heights Boonton Brookside
Bayville Berlin Bordentown Browns Mills
Beach Haven Bernardsville Bound Brook Budd Lake
Beachwood Beverly Bradley Beach Buena
Bedminster Birmingham Branchville Burlington
Belford Blackwood Brick Butler
Belle Mead Blairstown Bridgeport Buttzville

Return to our fha loans page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

New Jersey News
Rutgers survey to focus on emergency preparedness in central and northern New Jersey

Over the next several months, researchers from the Edward J. Bloustein School of Planning and Public Policy at Rutgers University will check in with residents in northern and central New Jersey to find out how ...


New Jersey Launching Red Light Cameras

A controversial pilot program that uses red light cameras to catch traffic violators is about to get under way in New Jersey.


Party officials expect McCain, Obama visits

ST. PAUL, Minn. -- The goofy plastic foam hats fill the trash cans, and cardboard placards litter the floor.


Central Jersey residents have mixed plans in place for emergency evacuation

Central Jersey residents seem to have opinions on what they'd do if they were told to evacuate on a moment's notice - but few have any solid plans.


New Jersey braces for Hanna

The waiting is the hardest part. Emergency management officials throughout Central Jersey met yesterday to review contingency plans and prepare for the worst as the remnants of Tropical Storm Hanna barrel up ...


Storm warning issued for N.J.

The National Weather Service has issued a tropical storm warning for all parts of New Jersey.


The New Jersey Turnpike Authority asked Gov. Jon Corzine to approve a series of toll increases.

The New Jersey Turnpike Authority on Thursday asked Gov. Jon Corzine to approve a series of toll increases on the Turnpike and Parkway pay for road improvements, help fund a new rail tunnel into New York City ...


Revised flood maps chart a new course

The Federal Emergency Management Agency is updating New Jersey's flood maps, showing which areas are most at risk when the next big storm hits.


New Jersey Ferry Ridership Up

More commuters in New Jersey are giving up the roads and rails for the water to get to work.


Suicide jumper signed off on mobster's release

Authorities are trying to determine whether the suicide of a former New Jersey State Parole Board member who jumped off a highway overpass had anything to do with the controversial 2002 parole of an imprisoned ...


Ex-Belmar cop jumps to his death

A former state Parole Board member and retired Belmar police captain jumped to his death Monday from the Route 138 overpass onto the Garden State Parkway at Exit 98.


Activists urge veto of permit extension bill

Environmentalists entreated Gov. Jon S. Corzine on Tuesday to conditionally veto legislation that would extend the life of many development permits nearing expiration and give new life to permits that have ...


Program gives inmates chance to stay clean

New Jersey is in the midst of an ambitious pilot program to find out what combination of services works best at keeping ex-inmates from returning to state prisons.


New efforts to store wind power

One problem perhaps more than any other has proven a drag on the long-term prospects for wind power: how do you turn on the lights when the wind isn't blowing? A New Jersey company said Tuesday it has joined ...


Widespread Contamination Found in New Jersey Drinking Water

News release : "Tens of thousands of New Jersey residents are drinking polluted water, according to a new state report.


Jersey providing help to Gulf Coast

With Hurricane Gustav expected to slam in to the Gulf Coast on Monday, New Jersey is moving to help residents there deal with the storm's aftermath.


Proposal would bar automated election calls in Jersey

With the Democratic National Convention just ended and the Republican National Convention just getting under way, it's no wonder New Jersey lawmakers are thinking about ways to improve the election process.


Fatal Accident Numbers Decline

There have been 375 motor vehicle fatalities in New Jersey so far this year. That's 67 less than the same time last year, an almost twenty percent decrease.


New Jersey Officer Killed in Crash

For two years, Perth Amboy police officer Thomas Raji had been a model stepfather, embraced by the teenage children of his new wife, a fellow officer from the same department.


Menendez: Offshore drilling 'doesn't make sense'

Sen. Bob Menendez said his opposition to offshore drilling is like his original vote against the Iraq war: unpopular at the time but nonetheless the right thing to do.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)