New Jersey FHA loans

New Jersey FHA Loans by Cornerstone Mortgage Group - Your Key to Affordable Homeownership

Are you a first-time homebuyer or someone with less-than-perfect credit seeking an affordable mortgage option in New Jersey? Cornerstone Mortgage Group is here to help! We specialize in FHA Loans, providing flexible requirements and expert guidance to make your homeownership dreams come true. Our dedicated team will support you throughout the process, ensuring a smooth and stress-free experience.

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FHA Loan Options in New Jersey

Unlock FHA Loan Programs for Your New Jersey Home. FHA mortgage loans are insured by the Federal Housing Administration (FHA) against default. This provides the mortgage lender with more security when funding a mortgage loan that has a low down payment or a borrower that has had a few credit issues in the past. With relaxed requirements, FHA eligibility is generally easier to get than a conventional mortgage.

FHA home loans only cover single and multi-family properties. New Jersey is a state with generally higher home prices than a conforming conventional loan which is $417,500, and therefore offers mortgage loans up to $729,750 in many New Jersey counties for single family homes. For multi-family properties, NJ FHA loans can be for as much as $934,200 for a duplex, $1,129,250 for a tri-plex and $1,403,400 for a four-plex. With a low down payment minimum of 3.5% and generally low rates, getting an New Jersey FHA mortgage is and has been ideal for getting many people into their dream homes that otherwise would not have been able to purchase a home.

With Cornerstone Mortgage Group, you can choose from various FHA Loan options, including:

  • FHA Purchase Loans

  • FHA 203(k) Rehabilitation Loans

  • FHA Streamline Refinance Loans

Outstanding Reviews for Our New Jersey FHA Loans Services

  1. "Cornerstone Mortgage Group made the FHA Loan process simple and stress-free. Their expertise and dedication to customer success are truly exceptional." - Jennifer L.

  2. "As a first-time homebuyer, I couldn't be happier with Cornerstone Mortgage Group's support throughout my FHA Loan process. They made everything easy and straightforward!" - Michael T.

  3. "I highly recommend Cornerstone Mortgage Group for FHA Loans in New Jersey. Their team is knowledgeable, professional, and genuinely cares about their clients." - Patricia K. 

  4. "Cornerstone Mortgage Group helped me secure an FHA Loan for my New Jersey home despite my less-than-perfect credit. Their assistance was invaluable!" - Richard S. 

  5. "If you're considering an FHA Loan in New Jersey, look no further than Cornerstone Mortgage Group. Their service is top-notch, and their team is truly dedicated to helping homebuyers." - Karen M. 

    How New Jersey FHA Loans by Cornerstone Mortgage Group Works

    The Effortless FHA Loan Process with Cornerstone Mortgage Group
    We follow these simple steps to secure your FHA Loan:

    1. Pre-qualification: Assess your eligibility and identify the ideal FHA Loan program for your needs.

    2. Application: Complete and submit your FHA Loan application with our expert assistance.

    3. Underwriting: Our team will review your application and provide timely feedback.

    4. Approval: Receive approval for your FHA Loan, subject to satisfactory documentation.

    5. Closing: Finalize your FHA Loan and become the proud owner of your new home!

    Start Your Journey to Affordable Homeownership with New Jersey FHA Loans by Cornerstone Mortgage Group
    Ready to explore your FHA Loan options in New Jersey? Our expert team is here to help! Email us at or click the 'Apply Now' link to schedule a consultation.

    Popular FAQ

    Frequently Asked Questions about New Jersey FHA Loans by Cornerstone Mortgage Group Services

    What is an FHA Loan?

    An FHA Loan is a mortgage program backed by the Federal Housing Administration (FHA) to help first-time homebuyers and those with less-than-perfect credit secure a mortgage. These loans offer flexible requirements and competitive interest rates.

    How do I qualify for an FHA Loan?

    To qualify for an FHA Loan, you must have a minimum credit score (typically around 580), a steady employment history, and a debt-to-income ratio that meets the FHA guidelines. Additionally, the property must serve as your primary residence and meet FHA property standards.

    What is the minimum down payment required for an FHA Loan?

    The minimum down payment required for an FHA Loan is 3.5% of the purchase price for borrowers with a credit score of 580 or higher. For those with credit scores between 500 and 579, a 10% down payment is required.

    Can I refinance an FHA Loan?

    Yes, you can refinance an FHA Loan, just like any other mortgage. The FHA Streamline Refinance Loan is a popular option for those looking to lower their interest rate or reduce their monthly payments.

    Are there mortgage insurance premiums associated with FHA Loans?

    Yes, FHA Loans require both an upfront mortgage insurance premium (UFMIP) and an annual mortgage insurance premium (MIP). The UFMIP is typically 1.75% of the loan amount and can be financed into the loan, while the MIP is paid monthly as part of your mortgage payment.

    Don't see your question here? Feel free to contact us at or schedule a consultation to learn more about our New Jersey FHA Loans services!