Category Archives: Ventnor

Posted on

FHA Approved condos, Atlantic County, NJ updated for 2020

Here is a list of FHA approved condominiums in Atlantic County, NJ

Here is a list of FHA approved condominiums in Atlantic County, NJ.  Based on findings at HUD.gov. Financing for condos with an FHA loan can be challenge.  Under the revised guidelines – which took effect Oct. 15, 2019 – an individual condo unit in a building of 10 units or more may be eligible for spot approval if no more than 10% of the units are FHA-insured.  So even if a condo is not on the FHA approved list it may still be eligible for FHA financing.

If FHA financing is not an option there are other choices include USDA loan (100% financing), and some banks do offer a 3% conventional loan.  Contact us if you’re interested in financing a condo purchase.

RITON CONDOMINIUM

10 N ADAMS AVE
MARGATE, NJ 08402

THE FOUR SEASONS CONDO

DOLPHIN AVE
NORTHFIELD, NJ 08225

THE MEADOWS AT HAMMONTON

YORKTOWN BLVD
HAMMONTON, NJ 08037

THE VILLAGE AT LINWOOD

550 CENTRAL AVE
LINWOOD, NJ 08221

WATERVIEW CONDOMINIUM

824 MARSHALL CT
VENTNOR, NJ 08406

These condos are approved for as low as 3.5% down payment FHA home loans.

UPDATE:  2/21/2020.  We just sold a lovely 2 bedroom condo in Society Hill II in Galloway Township and the sale was approved via FHA with a spot approval.

 

Posted on

3 Ways To Buy A Home At The Jersey Shore For Less Than $200,000

How to purchase a vacation home or investment at the NJ shore for under $200,000

Buying a vacation home at the Jersey shore may seem out of reach for most people.  Typical beach homes range in the $400,000 range and up.  However it is possible to purchase something much less and and actually keep the price under $200,000.  Here are 3 ways to purchase a NJ shore beach home for less than $200,000.

Choose a location further from the beach.

Many of our shore town have areas that are further from the beach.  These sections typically have more year round residents and more affordable prices.  For example, I recently listed this ranch home in Ventnor Heights that was raised and renovated and is currently priced at $190,000.  Click here for details on the house.

201 N Somerset Ave, Ventnor, NJ

Choose An Up And Coming Area

Not all shore towns are priced the same and if you’re looking to spend less choose an up and coming area like Atlantic City.  Prices for many homes and condos are under $200,000.  There are some great locations in Atlantic City and some not so great locations.  Choose a local agent who can help you find the right location and home.

Look For A Home Off Shore

If you’re willing to take a short drive you can get more house for the money off shore.  Communities like Somers Point are just a 5 minute drive into Ocean City.  Absecon is just 5 minutes from Atlantic City and 10 minutes to Brigantine.  And if you’re will to drive a little further communities like Egg Harbor Township, Linwood, Northfield and Galloway are within a 20 minute drive to the beaches.

If you’re considering purchasing a shore home or investment please contact us for a free consultation.  No matter what your budget is we’re here to help.

Contact Us Now