Somerset Investors Corp. 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
Lafayette Lavallette Leonia Little York
Lake Hiawatha Lawnside Liberty Corner Livingston
Lake Hopatcong Lawrence Township Lincoln Park Lodi
Lakehurst Layton Lincroft Long Branch
Lakewood Lebanon Linden Long Valley
Lambertville Ledgewood Linwood Longport
Landing Leeds Point Little Falls Lumberton
Landisville Leesburg Little Ferry Lyndhurst
Lanoka Harbor Leonardo Little Silver Lyons

Return to our fha loans page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

New Jersey News
Poll: NJ residents believe they're doing worse, financially, than last year

A new poll finds a majority of New Jerseyans believe they are doing worse financially than a year ago, but most also continue to manage their credit and remain optimistic that their economic situation will ...


Economy squeezing you? Measure financial hurts on our New Jersey Economic Pain Index

With the implosion of the housing market, the downward spiral of Wall Street and the drumbeat of inflation, everyone in the country is feeling the pain.


Gov: Stimulus plan will help counter recession

New Jersey Gov. Corzine predicts the national economy will get worse before it gets better, and he says he's positioning the Garden State to absorb the blows.


Election officials scramble to register N.J. voters

With the registration deadline only a day away, New Jersey election officials say they're struggling to keep up with a record tide of new voter registrations.


Smaller NJ towns asked to pay for state police

TRENTON, N.J. -- In rural Hope Township in northwest New Jersey, there are stories about how state troopers would patrol on horseback and spend the night at farmhouses back in the 1920s.


New Jersey residents see public service as honorable

"Throw the bums out! They're all a bunch of crooks, anyway!" That's the kind of barroom talk and dinner table discussion we imagine taking place when it comes to conversation about New Jersey politicians.


McCain supporters face uphill climb in blue Jersey

Walter Zjawin is trying to help John McCain do what no Republican has done in 20 years: win a presidential general election in New Jersey.


How will Conn. court's gay marriage ruling play in NJ?

TRENTON -- Both sides in New Jersey's debate over gay marriage predicted Friday that Connecticut's decision to allow gays and lesbians to marry would hop-scotch across the tri-state area and have an impact ...


Towns granted property tax waivers despite cap

TRENTON -- A new property tax cap aimed at protecting New Jersey property owners from ballooning municipal property taxes hasn't stopped towns from requesting -- and getting -- waivers from a state board to ...


All must help out in these hard times

These are tough times for America. A bad economy is worsening, the financial news from around the globe is bleak.


Assembly Democratic Lawmakers Say Worrisome Forecasts Highlight Need...

Assembly Democrats today said ominous signs regarding winter fuel bills, looming cold weather and the global economic crisis simply re-emphasize the need to help low-income seniors and disabled persons pay gas ...


Body found in burning car behind Lakewood autoplex

LAKEWOOD -- A man's body has been discovered inside a parked car that was burning behind a used-car dealership in Central New Jersey.


Deadline nears for stimulus check applications

Thousands of New Jerseyans will lose out on their federal economic stimulus rebate checks if they don't apply by Oct.


Sprawl is Steadily Poisoning More New Jersey Lakes and Streams

Most Waters Unfit for Direct Human Contact; Statewide Fish Health Advisories Trenton - More than one thousand water bodies across New Jersey are too polluted for fishing or swimming and are supposed to be ...


Milgram: Seniors' finances need new protections against fraud

TRENTON -- State government should craft new protections for seniors against financial-service rascals at a time when more New Jerseyans are aging and markets are wobbly, state Attorney General Anne Milgram ...


Corzine wants to triple NJ wind power goals for 2020

New Jersey Governor Jon Corzine, right, addresses a group Monday at the Piers Shops at Caesar's in Atlantic City, about the offshore wind power project.


Lighthouse challenge scheduled for Oct. 18-19

The annual New Jersey Lighthouse Challenge will be held on the weekend of Oct. 18-19. The event is designed to promote the importance of the state's lighthouses in the protection of shipping along the ...


Here comes Jon Corzine, friend of the little guy

Gov. Corzine, champion of toll payers? The guy who wanted to raise tolls by 800 percent now demands the New Jersey Turnpike Authority scale back its new rate hike proposal that called for tolls on the Garden ...


Strong breeze ahead: N.J. considers boosting wind farm program

With two neighboring states having recently approved massive offshore wind farm projects, the Corzine administration is considering expanding New Jersey's future reliance on wind power as a clean source of ...


Population crawl could cost N.J. a House seat after census

Due to New Jersey's meager population over the past decade, the upcoming 2010 census could not only show that the state is lagging behind national demographic trends but could result in the state losing one its ...


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.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 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)