Attention Egg Harbor Township, Galloway Township, Hamilton Township NJ Home Buyers and Sellers Important Financing Changes Coming By October 1st.

USDA Rural Housing home loans allow home buyers to purchase homes in Galloway, Egg Harbor Township, and Hamilton Township, NJ with zero down payment.  These home loans have been extremely popular among home buyers in these areas and are especially used by first time home buyers.  USDA home loans are 30 year, fixed rate home loans available with no down payment and very low interest rates.

Eligibility for this financing is based on population within a city.  Based on the 2010 census, population has increased in many US cities and also for several Atlantic County, NJ municipalities.

Here is a link to the list of ineligible cities:

USDA_IneligibleCities_081012

Included on the list are Egg Harbor Township, Galloway Township and Hamilton Township.  As of Oct 1st, 2012 these cities may no longer be eligible for USDA financing.

For Home Buyers:

If you are a home buyer looking to purchase a home in Egg Harbor Township, Galloway Township and Hamilton Township with a USDA zero down payment loan you should be under contract by the end of September 2012 to make sure you qualify for the loan.  (If you are not able to use the USDA loan you may still obtain FHA financing with a 3.5% down payment.)

For Home Sellers:

If you are selling your home in Egg Harbor Township, Galloway Township and Hamilton Township it would be wise to do whatever you can to get a buyer for your home by the end of September while this financing option is still in place.  This is especially important if your home is in a price range under $200,000.  If your home is not yet listed for sale call me to get your home on the market asap.

Please feel free to share this with anyone you know who is thinking of buying or selling a home in Egg Harbor Township, Galloway Township and Hamilton Township.

Best wishes,

Matt

609-484-9890 ext. 132 Keller Williams Realty Atlantic Shore