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My FHA Mortgage blog was created to connect FHA approved mortgage companies with local clients and real estate professionals.
We are a group of seasoned FHA Mortgage Professionals who are committed to transparency and integrity in lending.
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Recent Posts Tagged With 'tony croft'
New Jersey, NJ First-Time Home Buyer Tax Credits – Special Rules for the Military
We all know what great sacrafices the members of our U.S. military make each day. Missing out on the first-time home buyer tax credit should not be one of them. Thankfully, Congress has acknowledged the unique circumstances affecting qualified se...
USDA Loans in NJ? It’s Not a FHA Mortgage, But It May Better – Zero Down Payment
While FHA has been hogging all the headlines (no pun intended) another little known loan program has been gaining in popularity. For over 60 years, the USDA (Unites States Department of Agriculture) has been guaranteeing loans for farms and rural c...
Northern NJ First Time Home Buyers Questions About the $8k Tax Credit
The American Recovery and Reinvestment Act of 2009 has had many New Jersey First Time Home Buyers asking questions about how to qualify. Here are the Top 10 questions and answers all in one place: 1. Who is eligible to claim the $8,000 tax cre...
$6500 Tax Credit for Current Home Owners Passed by Congress
First time home buyers are not the only ones with reason to celebrate. The American Recovery and Reinvestment Act of 2009, which was recently extended through 2010, includes the $8,000 credit for first time home buyers through April 2010 and in...
1st Time Home Buyer Tax Credit Officially Extended
First time home buyers rejoice!!!! Congress has officially extended the deadline for the $8,000 first time home buyer tax credit to April 30, 2010. Under the extension, the deadline of April 30 refers to the contract date. This means that the 1...
Do FHA Jumbo Loans Make Sense for 1st Time New Jersey Home Buyers?
Is the phrase “FHA Jumbo Loan” an oxymoron? In order to answer that question, you have to understand the history of FHA loans. In 1965 the Department of Housing and Urban Development (HUD) was formed. Within HUD operates the Federal...
New Jersey FHA Mortgage Higher Loan Limits are Extended through 2010
Last week the U.S. Congress passed a congressional resolution extending the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. This extends the current conforming loan limits of $417,000 for most areas in the U.S. and $729,750 f...
Breaking News – $8k Tax Credit Extended (Almost) For FHA Buyers In New Jersey
Although nothing has been formally passed, The National Association of Mortgage Brokers issued this update on the $8k tax credit yesterday. October 30, 2009 – The $8,000 first-time homebuyer tax credit is set to be extended until April 30, 201...
They took the Streamline out of the FHA Streamline Refinance – New Jersey
The FHA is changing its FHA Streamline Refinance rules! Streamline, not so much!! Effective January 1, 2010, getting approved for the popular FHA-to-FHA refinance program will be much more difficult. Attached is a copy of the FHA Mortgagee Letter...
Should You Own Your Home In New Jersey?
The American Dream Of Homeownership Isn’t Right For Everybody… Or Is It? Weighing the pluses and minuses of homeownership… Being a First Time Home Buyer can be one of life’s most exciting and yet one of the most challenging experiences you c...
Why I Love FHA Streamline Loans for My Borrowers in New Jersey
FHA “streamlined” loans are friendlier! They don’t require a home appraisal and it does not matter if your home is underwater (meaning the appraised value is less than the amount of money you owe on your mortgage loan). FHA streamlined loans ...
5 Reasons to Refinance or Buy with an FHA Home Loan in Bergen County New Jersey
An FHA loan is a federally insured loan made by the Federal Housing Administration, which has been insuring mortgages since 1934. FHA loans are very good options for borrowers in Northern New Jersey. Easier qualifying! Those with less-than-perfect...
New Jersey Buyers Have Less Than 4 Months Left to Get The $8K Home Buyer Tax Credit
That means buyers need to be CLOSED on their homes by NOVEMBER 30th in order to receive the $8,000 first-time buyer tax break. Wow, it seems like just yesterday that Congress authorized the first-time home buyer tax credit. Here are some quick questi...
Fixed Rate Reverse Mortgages Give New Jersey Seniors Another Choice
The Tony Croft Team at Barclay Funding Now Offers Fixed Rate Reverse Mortgages from Their Bergen County Office Located in Edgewater, NJ From the time when HUD first established the reverse mortgage program there has only been the adjustable interest ...
New Jersey FHA Mortgage Loan Limits – Bergen County & Northern NJ
More New Jersey families are eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic stimulus package signed into law by President Obama. The American Recovery and Reinvestment Act of 2...
Top Ten Things To Know About FHA Reverse Mortgages In New Jersey
FHA Reverse Mortgages are becoming more and more popular in New Jersey. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that c...
Understanding Credit Reports and FHA Mortgages
Your credit is a crucial part of the lender’s decision on whether you get approved for a FHA mortgage or not. Your credit score will also determine the rates and point structure the lender will offer you. You may think your credit situation is ...
Edgewater, NJ FHA Mortgage Banker
Barclay Funding Corp (Northern New Jersey) Tony Croft Team 725 River Road, Suite 107A Edgewater, NJ 07020 201-943-6800 | Email Quick Links: >>FREE Home Buying Guide >>Click Here to Pre-Qualify for your FHA Mortgage >>...
