FHA Loan

FHA jumbo loans are great for home buyers in New Jersey and buyers who have less than a perfect credit history.

The government has come to realize that in certain areas of the country, Northern  New Jersey being one, that many homes cannot be purchased for the previous maximum FHA loan amount of $362,790.  That is why in March 2008, FHA temporarily increased their maximum loan amount to $729,750 – yes you are reading that right $729,750.   This was supposed to be a temporary provision, but it has been extended again through 2012.  However, we do not know if these increased limits will remain in effect for ever.

It does make sense for a home buyer in Northern New Jersey and other high priced areas of the country to apply for a jumbo FHA loan – and he or she should do it while the rates are the lowest they’ve been in years and the higher limits are in effect.

Click on the link below to find the FHA loan limit in your area.  For more information on FHA Jumbo Loans and why you should consider one for your next purchase to Hoboken FHA Jumbo Loans.

Please contact us at 201-943-6800 to schedule your FREE No-Obligation Consultation where we will meet to tailor a program to fit your needs and comfort level for monthly payments and investments.