Homeward Bound Mortgage Program Overview
Introducing the Homeward Bound Mortgage Program, a flagship offering from the New Jersey Housing and Mortgage Finance Agency (NJHMFA). Advisors Mortgage is here to assist you through this program, specially designed to support and empower homebuyers in New Jersey, whether you’re purchasing your first home or moving up to a new one.
About the Homeward Bound Mortgage Program
The Homeward Bound Mortgage Program is crafted to provide an accessible pathway to homeownership through competitive mortgage options. This program is particularly beneficial for first-time and repeat buyers, offering a 30-year fixed-rate government-insured loan that provides both security and affordability.
Program Highlights
- Government-Insured Loans: Offers stability with 30-year, fixed-rate loans.
- Flexible Eligibility: Open to both first-time and repeat homebuyers in New Jersey.
- Combinable Assistance: Can be paired with NJHMFA’s Down Payment Assistance Program for added financial support.
- Broad Property Coverage: Eligible properties include single-family homes, condos, and townhouses.
Eligibility Requirements
- First-Time and Repeat Buyers: Welcomes all qualifying homebuyers, including those who have previously owned homes.
- Income and Loan Limits: Adheres to specific income and loan limits, varying by county and property type.
- Occupancy Requirement: Purchased property must be occupied as the primary residence.
- Creditworthiness: Applicants must meet certain credit score and debt-to-income ratio criteria.
How to Apply
- Consult with an Advisors Mortgage loan professional: Discuss your eligibility and learn more about the program with our mortgage experts.
- Obtain Mortgage Pre-Approval: Secure pre-approval for a Homeward Bound mortgage through an NJHMFA participating lender.
- Consider Down Payment Assistance: Explore combining this program with Down Payment Assistance for comprehensive financial support.
- Start House Hunting: Begin searching for your perfect home in New Jersey.
Why the Homeward Bound Program?
- Stability and Predictability: The fixed-rate mortgage offers long-term stability in your financial planning.
- Accessibility for All Buyers: Whether you’re buying for the first time or transitioning to a new home, this program has something to offer.
- Guidance at Every Step: Advisors Mortgage provides expert advice and guidance throughout the home buying process.
Begin Your Journey with Advisors Mortgage
Take the first step towards homeownership in New Jersey with the Homeward Bound Mortgage Program. At Advisors Mortgage, we are committed to providing you with the knowledge and support needed to navigate this journey successfully.
Reach out to us today or call 866-761-7979 to get started and take advantage of this exceptional opportunity.
