The NJHMFA state-wide Down Payment Assistance Program (DPA) provides $10,000 for qualified first-time homebuyers.
What is Pre-qualification?
Are you ready to find a home or property? Let us help you find what you are looking for.
First-things-first. You will need to be pre-qualified! Pre-qualification is just what it sounds like. To be able to search for your new home or property, we all need to know where to start. The only way to determine what to look for is to have an evaluation of your finances to help us know what you can afford.
Pre-qualification is the first step in the mortgage process. Without a mortgage pre-qualification, it would be pointless to you to search for a home that you may not be able to afford. The process is not scary nor lengthy, it is simple. When your process is complete, you will receive a letter stating your overall financial picture with the amount that you could possibly purchase.
Our lenders can provide a pre-qualification over the internet or phone. There is no costs for this service. Just remember, this is the first step and not the same as a pre-approval for a loan, which would be the second step, after you find a suitable home.
So, there it is, it's really simple, it is a wonderful feeling to really know where to start in your home search or property purchase journey.