Foreclosure / Mortgage / Homeowner's / Home Buyer's Assistance in NJ

Week of November 17, 2008
As a result of the U.S. financial crisis, the Department of Veterans Affairs (VA) will now guarantee subprime loans. Veterans who wish to refinance may now do so for up to 100 percent of the value of their property. The 100 percent refinance option also applies to standard loans - previously set at 90 percent of the property value. The new law also raised the maximum loan amount for these types of refinancing loans, which were capped at $144,000, to $729,750 depending on where the property is located. For more information, or to obtain help from a VA Loan specialist, call VA at 1-877-827-3702 or visit VA's Loan Guaranty website. Learn more about the VA mortage options.

Purchasing a new home or refinancing? - Take advantage of your VA loan benefit and get matched with lenders.

Mortgage Downpayment Grants / Loans:

http://www.zerodownmortgageguide.com/index2.html

http://www.americandreamdownpaymentassistance.com/state.cfm?code=NJ

http://usadownpaymentassistance.com/state.cfm?code=NJ

http://www.hbkcapital.com/pic/

USDA Rural Development

http://www.rurdev.usda.gov/rhs/common/program_info.htm#SFH

NJ Housing and Mortgage Finance Agency Live Where You Work mortgage assistance program

http://www.state.nj.us/dca/hmfa/consu/buyers/close/lwyw_factsheet.pdf

http://www.state.nj.us/dca/hmfa/consu/buyers/close/live.html

http://www.njlocator.gov/hmfa/viewer.htm?LocatorType=6

Good Neighbor Programs for Discounted Purchase / Mortgage

http://www.fhainfo.com/teachernextdoor.htm

http://www.neamb.com/loans/hmftnd.jsp

http://www.neamb.com/loans/hmfinf.jsp

http://www.mortgageloan.com/good-neighbor-next-door-sales-program

EEM's - Energy Efficient Mortgage Program

http://www.mortgageloan.com/energy-efficient-mortgages

Military Housing Assistance Fund

http://www.militaryhousingassistancefund.org/

VA Loan Limit Increased

Week of September 01, 2008

The Department of Veterans Affairs (VA) will now use a locality-based approach in raising ceilings on its no-down payment home loans from the current $417,000 to as much as $729,000. The VA's Specially Adapted Housing Program has also raised primary grants from $50,000 to $60,000 toward constructing a new home or modifying an existing home to meet adaptive needs of veterans or active-duty servicemembers with certain service-connected disabilities. Veterans with certain service-connected disabilities resulting from severe burns can receive the adaptive housing grants. For more information, call the VA at 1- 877-827-3702 or at the VA loan guaranteewebsite.

http://www.military.com/Benefits/0,14972,,00.htm

http://www.homeloans.va.gov/

VA Eligibility Info Ctr. 888-244-6711

VA Regional Office for NJ 800-729-5772

NJ Local / Area Specific Mortgage Assistance Grants

Jersey City,NJ (1)

Jersey City,NJ (2)

IDA Programs / Matched Savings

for Home Ownership Downpayments:

http://www.wid.org/publications/individual-development-account-question-and-answer-sheet-a-guide-for-ida-consumers-with-disabilities

http://www.state.nj.us/dca/divisions/dhcr/offices/ida.html

Other Homeownership Programs:

http://www.habitat.org/cd/local/affiliate.aspx?place=67

Home Repair / Modification Programs:

http://www.rebuildingtogether.org/content/organization?state=NJ&zip=Enter+your+zip+code

http://www.rurdev.usda.gov/rhs/sfh/brief_repairloan.htm

List of Government Grants

for Home Purchases & Repairs

(Note**This site has some ads to purchase grant software of other companies for a small fee. Please be aware that many of them have additional automatic monthly fees in the fine print and you should not be mislead that they are necessary or will offer you any additional info. Please note that you are encouraged to utilize ONLY the free information on the following page link.)

See Section:

Locate Homebuyer Assistance and Home Improvement Programs.
This is a completely free service.
Click on your below state to get started!

http://www.homebuyerfunds.com/local_homebuyer_grants.htm

Purchasing Foreclosed Homes:

http://www.resales.usda.gov/sfhdirect/propertyco.cfm?StateAbbreviation=NJ

http://www.homesales.gov/homesales/mainAction.do

Click Here for a Comprehensive Guide to Reverse Mortgages

Reverse Mortgage Fact Sheet

Reverse Mortgage Basics

Click Here for Property Tax Relief Programs

Comments... (2)

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Starshine

2. Starshine posted on Sep 25, 2010

in response to Elaine of TSA... This is very good news. I know someone in New Jersey and will pass it along to her..Thank you for sharing this.

Click here to reply...

Elaine of TSA

1. Elaine of TSA posted on Sep 24, 2010

New Jersey HomeKeeper Program (NJHK) - On September 23, 2010, the U.S. Department of Treasury announced the award of $112 million to New Jersey for a new anti-foreclosure program that assists homeowners struggling with unemployment and substantial underemployment. The NJHK Program will provide financial assistance to New Jersey homeowners who are threatened with the loss of their homes due to their inability to make mortgage payments due exclusively to the loss of employment or substantial underemployment. The NJHK program is anticipated to start in January 2011.

http://www.state.nj.us/dca/hmfa/home/foreclosure/programs.html