To keep you informed on the changes with the USDA, 100% financing program, I have an update:

Congress has permitted the USDA to use 2000 Census data.  There will be no changes in current eligible areas until legislation is passed. At very least, the USDA will have a 6 months continuance from their fiscal year starting 10/2012

So if you are looking for a great 30 year fixed rate, zero down payment loan now is the time to move forward and buy while this financing is in place.

Also, The Atlantic County Improvement Authority grant program for first time home buyers typically will release funds around October.  Last year grants were available for up to $15,000.

Here is a link to NJ Eligible Areas and always check this link for property and income eligibility:http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

As your trusted real estate expert for life, I make sure to study and be aware of all of the best financing programs and grant programs available.  If you would like more information please call me at 609-338-3773.