It was not long ago that first time home buyers had to wait to buy their home until they could save 10 to 20% of the purchase price of the home for sale toward the down payment plus the expense of very high closing costs. This is not true today, as more and more lenders are offering legitimate no down payment mortgage loans.
According to a survey conducted by the National Association of Realtors a high 42% of new home purchasers and 13% of repeat buyers purchase their home with 100% financing……meaning no money down.
In the South New Jersey real estate market there are many lenders who are offering this option. Now the young family can have their dream of home ownership fulfilled while their family can enjoy all the advantages of home ownership.
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