Home Buying in Glendora>Question Details

M Wright, Home Buyer in Glendora, NJ

Are there homes in the Camden/Glouchester County areas that can get FHA financing for under $75,000?

Asked by M Wright, Glendora, NJ Mon Aug 20, 2012

Hello all. My girlfriend and I are looking for a house in the Camden County area. I am currently living rent free with my mom at the age of 25. We have three dogs.

I make $37k a year and she makes $10k doing side jobs. I work as an clerk for the government, the work is stable and been there 3 yrs but I do have a "furlough" that is the entire month of October that is unpaid.

Several questions I was hoping the Trulia community could help me out with:
1) Outside the city of Camden, is it easy to find houses that will qualify for FHA financing that are under $75,000 within Camden or Glouchester counties?
2) Are real estate agents generally looking to work with people with low incomes? My father sold a house and bought a new house around $275k and he had agents ready to help, but when I call about my price range I get a very mellow response.
3) Does my furlough each October significantly decrease my chances of getting a loan? I have around $6k to put down.

Thanks so much.

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Answers

3
Hello M. Wright,
Thank you for your question.
Yes, in the Multiple Listing Service there are about 30 homes with at least 2 baths. They are located in towns like: Bellmawr, Clementon, Gloucester Twp. Lindenwold, Pennsauken, Gloucester City, Woodbury, Thorofare and Paulsboro (all outside of the City of Camden)
There are several programs you may be able to qualify. Your first step is to get pre-approve for a mortgage by talking to a loan officer that explain the numbers for you and then to go and start visiting the homes in your price range.
Good luck in your home search.
Ines De La Cruz, Realtor, ABR, CRS
RE/MAX Connection
http://www.inesdelacruz.com
0 votes Thank Flag Link Tue Aug 21, 2012
First any incomes you have must be documented. Showing on your 1040 IRS...

Yes there are homes within your price range. You are in a good time to buy right now. Prices are down interest rates are really low. Its not going to last forever though.

Search here http://www.BuyNJShortSales.com Lots of homes available for you.

You need to be qualified by a mortgage rep or bank. I can help by recommending a couple to you. I'm sure there will a couple reading this post you may7 want to try and use also

Finding homes in your price range does exhibit a challenge but certainly I am here to help you find a home.

Search foreclosures and short sale here: http://www.BuyNJShortSales.com
Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send... A GPS feature for listings at your finger tips
Larry Sarlo
RE/MAX Preferred
609-868-1171 call / text / email 7 days
lsarlo@comcast.net
http://www.larrysarlo.com
0 votes Thank Flag Link Mon Aug 20, 2012
I can assist you. There are grant programs to assist you as well as FHA 203 k loan which also cover repairs. If you would like to meet with me so we can discuss your first time homebuyer needs please call me at 856-261-6910 or email me. I'd be happy to help.
0 votes Thank Flag Link Mon Aug 20, 2012
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