Here are some of the highlights:

1) 100% Financing for a Single Family Home Purchase.

2) Low Fixed Interest Rates.

3) Loan is backed by a Government Guarantee.

4) No Prepayment Penalties.

5) No Monthly Mortgage Insurance.

6) Seller May Pay up to 6% of Your Closing Costs.

7) Closing Costs may be financed into the loan up to the Appraised Value!

This Loan Allows for True 100% Financing. The Closing Costs may be Seller Paid or Financed!

This loan is designed borrowers who have not been able to save the necessary down payment for a home purchase.  This is often caused by high rents interfering with the ability to save sufficient funds or just the everyday cost of living, raising, and feeding a family.

It is designed for low to moderate income borrowers.  A borrower is considered to have moderate income if it does not exceed 115% of the area median income. The amount of people in your household is also considered in this calculation. You may make over $100,000 and still qualify under certain circumstances.

New Jersey Eligible Areas

ATLANTIC COUNTY
All of:
Borough of Buena
Buena Vista Township
Corbin City
Egg Harbor City
Egg Harbor Township
Estelle Manor
Folsom Borough
Galloway Township
Hamilton Township
Mullica Township
Port Republic City
Weymouth Township

BERGEN COUNTY
No eligible areas

BURLINGTON COUNTY
All of:
Bass River Township
Beverly Boro
Burlington City
Burlington Township
Delanco Township
Eastampton Township
Edgewater Park Township
Fieldsboro
Florence Township
Hainesport Township
Lumberton Township
Mansfield Township
Medford Lakes
Medford Township
New Hanover Township
North Hanover Township
Pemberton Borough
Pemberton Township
Riverside Township
Shamong Township
Southampton Township
Springfield Township
Tabernacle Township
Washington Township
Westampton Township
Woodland Township
Wrightstown
Portions of:
Bordentown Township
Chesterfield Township
Delran Township
Evesham Township
Mt. Laurel Township

CAMDEN COUNTY
All of:
Chesilhurst
Waterford Township
Portions of:
Winslow Township

CAPE MAY COUNTY
Entire county except:
North Wildwood
Ocean City
Wildwood City
Wildwood Crest and contiguous
Portion of:
Lower Twp.

CUMBERLAND COUNTY
Entire county except
corporate limits of:
Bridgeton
Millville
Vineland

ESSEX COUNTY
No eligible areas

GLOUCESTER COUNTY
All of:
Clayton
East Greenwich Township
Elk Township
Franklin Township
Greenwich Township
Harrison Township
Logan Township
Mantua Township
Monroe Township
National Park
Newfield
Paulsboro
South Harrison Township
Swedesboro
Woolwich Township
Portions of:
West Deptford Township

HUDSON COUNTY
No eligible areas

HUNTERDON COUNTY
Entire county eligible

MERCER COUNTY
All of:
East Windsor Township
Hightstown
Hopewell Borough
Pennington
West Windsor Township
Washington Township
Portions of:
Hopewell Township
Lawrence Township
Princeton Township

MIDDLESEX COUNTY
All of:
Cranbury Township
Helmetta
Jamesburg
Monroe Township
Plainsboro Township
South Brunswick Township
Spotswood
Portions of:
Old Bridge Township

MONMOUTH COUNTY
All of:
Allentown
Englishtown
Farmingdale
Howell Township
Manalapan Township
Millstone Township
Roosevelt
Upper Freehold Township
Portions of:
Colts Neck Township
Freehold Township
Holmdel Township
Marlboro Township
Wall Township

MORRIS COUNTY
All of:
Chester
Chester Township
Harding Township
Jefferson Township
Kinnelon Borough
Mendham
Mine Hill
Mt. Arlington Township
Mt. Olive Township
Netcong
Rockaway Township
Roxbury Township
Washington Township
Portions of:
Denville Township
Morris Township
Randolph Township
Wharton Township

OCEAN COUNTY
All of:
Barnegat Township
Eagleswood Township
Jackson Township
Lacey Township
Lakehurst Borough
Little Egg Harbor Township
Long Beach Island Communities
Ocean Township
Plumsted Township
Stafford Township
Tuckerton Borough
Portions of:
Berkeley Township
Dover Township
Lakewood Township
Manchester Township

PASSAIC COUNTY
West Milford Township

SALEM COUNTY
Entire county eligible

SOMERSET COUNTY
All of:
Bedminster Township
Bernardsville Borough
Branchburg Township
Far Hills Borough
Hillsborough Township
Millstone Borough
Montgomery Township
Peapack and Gladstone Borough
Rocky Hill Borough
Portions of:
Bernards Township
Franklin Township

SUSSEX COUNTY
Entire county eligible

UNION COUNTY
No eligible areas

WARREN COUNTY
Entire county except:
Phillipsburg

AREA LOAN LIMITS

State County or Equivalent Est. Limit -Effective 4-15-11

Atlantic County $227,100

Burlington $232,100

Camden $227,100

Cape May $252,200

Cumberland County $212,100

Gloucester County $227,100

Hunterdon $272,500

Mercer $265,500

Middlesex $266,800

Monmouth County $238,100

Morris $262,800

Ocean County $242,100

Passaic $242,800

Salem $227,100

Somerset $252,800

Sussex $241,800

Warren $249,500