Specializing in Edgewater Mortgages, New Jersey Home Loans, Edgewater Second Mortgages, Edgewater New Jersey Debt Consolidation
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FHA Mortgage

As licensed FHA mortgage professionals, we feel excited and privileged to be able to offer our community with FHA programs that can truly provide a great financing option for first time home buyers as well as move up buyers and home owners looking to refinance.

Some FHA Mortgage Highlights:

Low down payment – The minimum down payment is 3.5% and the money could come from a family member.

Low interest rate – FHA mortgages allow for a smaller down payment and lower credit scores, but still usually offers a lower interest rate.

Less than perfect credit – Those with credit problems, even a bankruptcy, may be able to qualify for an FHA mortgage loan.  The FHA mortgage program puts more emphasis on income, length of employment and job security than do lenders of conventional loans.

Higher ratios – FHA mortgage loans allow higher debt-to-income ratios.

No prepayment penalty – FHA mortgages do not allow prepayment penalties, which some conventional loans require if you pay off the loan early.

Multi-unit properties – FHA loans are not just for single-family homes and condos. They are also available for 2- to 4-unit multi-family complexes.

Closing costs – FHA mortgages allow closing costs to be included in the loan as long as the borrower qualifies for the higher amount. Most conventional loans require that closing costs be paid for at the close of escrow and not be part of the amount loaned.


Please contact us at 201-943-6800 to schedule your FREE No-Obligation Consultation where we will meet to tailor a program to fit your needs and comfort level for monthly payments and investments.

If you would like to get started now please fill out a Secure Online Application and we will contact you to set up your free consultation and get you into the home of your dreams with the best terms available…regardless of your credit!


Check out some recent articles about FHA Mortgage Loans...

FHA Mortgage Blog » Tony Croft

  • Home Buyer University ? Free Online Workshops for New Jersey Home Buyers
    Visit our Home Buyer University Free Online Workshops! FreeOnlineWorkshops.com   Here you will find a growing library of workshops that you may view completely free of charge which will provide valuable information that you will need as you prepare for your home purchase in New Jersey. Tony Croft has created a series of workshops designed for home buyers of all [...]
  • FHA Jumbo Loans Still A Good Option In Bergen County New Jersey
    How can an FHA loan be a jumbo? A little history lesson may help you understand. In 1965 the Department of Housing and Urban Development (HUD) was formed. Within HUD operates the Federal Housing Administration (FHA), which has the primary responsibility for administering the government home loan insurance program. This program allows a first time home [...]
  • Everything You Always Wanted To Know About FHA Refinance?
    But Were Afraid to Ask! You may have heard that building up equity in your home can be a valuable asset. But how can staring at your walls help you take that long needed vacation, send your child to college, or pay your bills? The answer, refinancing. FHA offers several different options to homeowners who [...]
  • FHA Streamline Refinance Rules for 2010
    You may have heard that in 2010, getting approved for the popular FHA-to-FHA refinance program became much more difficult than in the prior year.     Here are the main areas where the FHA has toughened up! 97.75% max LTV Income verified Must be employed at the time of application Must verify cash needed at closing FHA homeowners must commission a full appraisal in order to [...]
  • FHA Jumbo Loans ? Still Good News for Bergen County NJ
    It is commonly known that FHA loans are more readily available to those with less than perfect credit than conventional loans.  So why would FHA lend those with a blemish or two on their credit history ?jumbo? amounts of money? Well, the answer has little to do with the borrower?s credit score and everything to [...]