NJ First Time Homebuyers-Can you use the $8,000 credit as your Down Payment?

This week there was a proposal by HUD to make the $8,000 First Time Buyer Tax Credit available for First Time Home Buyers to use as their downpayment.  At this time the Federal government has not made any official announcement regarding when or if this will actually happen, however, NJ First Time  Home Buyers have other options.   
New [...]

NJ First Time Home Buyers and the new $8,000 Tax Credit

New Jersey First Time Buyers will benefit from the $8,000 Tax Credit contained in the new Economic Stimulus Package. Combined with record low mortgage rates Ocean County and Monmouth County, NJ should see a boost in home sales during the spring season.

New Jersey Down Payment Assistance-Smart Start

First Time Buyers in New Jersey may be able to take advantage of down payment assistance by working with a lender that is approved by New Jersey’s Housing Finance Agency-NJHMFA.  Superior Mortgage offers up to 4% of the mortgage amount in down payment and closing cost assistance to buyers using the NJ’s First Time Buyer Program.
The surprising part of [...]