Who is doing fha 203k loans in the state of New Jersey?

Asked by Monae, Hasbrouck Heights, NJ Mon Feb 9, 2009

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23
Brittany898, Home Buyer, San Francisco, CA
Mon May 4, 2015
The NJ FHA 203k Renovation mortgage program is designed to allow clients to purchase or refinance properties that need rehabilitation or renovation work. This FHA-insured mortgage product can be used to acquire properties and finance for both the acquisition and rehabilitation all within the same loan.

Unlike traditional construction financing which requires a loan for the construction and then a “take-out” or permanent financing, the NJ FHA 203k renovation mortgage allows you to do all of the financing in one loan with one closing.

Also, NJ FHA 203k Renovation mortgages can be used for either: purchases or refinancing.

Have a question about NJ FHA 203k Renovation Mortgages? Want some insight from a lender who has closed many of these loans? Experience is key when it comes to successfully applying for and closing an FHA 203k loan.

> http://fha203kloan.org/
4 votes
List of FHA 203(K) lenders in New Jersey:

http://203klenders.org/new-jersey-nj/

While any FHA approved lender is capable of providing financing under 203k guidelines, many lack the expertise. Use the link above to access only those lenders who have completed at least one loan in the past calendar year according to 203k guidelines.
Flag Tue Jul 26, 2016
Angel Calvosa, Agent, Maplewood, NJ
Wed Apr 29, 2009
Hi Monae,

Our in-house mortgage broker at the Weichert Short Hills office is now doing 203K loans. His name is Alex Arcelay and can be reached at 973-376-4545.

Good luck!
2 votes
Michael Dech…, , New Jersey
Fri Apr 1, 2011
We are a Direct FHA -203K Lender for HUD. We Underwrite all files right here in our Corporate Office in Parsippany. We are not a small Mortgage Banker. We have over 250 Loan officers and our office in Parsippany is over 20,000 Square feet.

I have been writing mortgages for over 10 years now. My company is rated A+ with the BBB.

my website is : http://www.michaelde.rhfunding.com
My Direct phone is: 201.403.6587

I look forward to helping anyone in need of a Mortgage for a Purchase or a Refinance!
We offer NO LENDER CLOSING COSTS!! and NO POINT LOAN!!

Michael DeChristofano
NMLS#214287
Residential Home Funding Corp.
cell: 201.403.6587
feel free to "Like" my business FaceBook Page and get instant Alerts regarding Mortgage & Real Estate News!!
https://www.facebook.com/pages/Mike-DeChristofano-MortgMan-M…
1 vote
John Izzolino, , Union, NJ
Sat Jun 26, 2010
OMEGA FINANCIAL SERVICES, INC IN UNION. LICENSED IN NJ, PA, FL, CT. 2ND LARGEST N NJ
1-800-OMEGA 20
1 vote
Danielle, , New Jersey
Wed Apr 1, 2009
I am a realtor and I am using the prgram to purchase a 3 family home. I am using Wells Fargo. I do not like the process so far.... good luck
1 vote
Corey Grushin, Agent, East Brunswick, NJ
Mon Feb 9, 2009
Monae I have done 203k loans in the past and I still do 203 K loans now. I cover Essex county as well so I'm familiar with Maplewood. Cell is best 973-769-2572
1 vote
Voices Member, , Benton County, OR
Mon Feb 9, 2009
Monae, Would this help? ......http://www.hud.gov/ll/code/llslcrit.cfm

Dunes
1 vote
Tvonouhl, Home Buyer, Maplewood, NJ
Wed Feb 17, 2016
Who can do a 203k with the present home being 10 miles away from the new prospective home which is in a better neighborhood, schools bigger etc. that needs the 203K. The 203K will be come the primary residence and we will be living in it for many years to come and the old home will be listed and sold as soon as we move in to the 203K home. Monmouth county NJ
0 votes
John.mitros, Home Buyer, Maplewood, NJ
Mon Jun 15, 2015
movement Mortgage closings in less than 30 days
0 votes
Susan Finn, Agent, Chatham, NJ
Mon Nov 19, 2012
Wells Fargo is doing 203K loans
0 votes
Jeffrey Onof…, Mortgage Broker Or Lender, Mount Laurel, NJ
Wed May 30, 2012
Hi Monae:

We are an FHA direct lender and I run the Renovation Lending Division- my teams sole focus is on FHA 203k mortgages. We originate, process, underwrite and fund all of our loans in our NJ corporate offices in Mt. Laurel. We have some of the best turn times in the industry - with a customer who is well educated about the program and how to navigate it we can close your loan from contract to closing within 35 days.

Call me to see how AnnieMac Home Mortgage is

Renovating and Rebuilding America - One Home at a Time!

Jeff Onofrio
Director of Renovation Lending
AnnieMac Home Mortgage
Office 856-505-6717
Mobile 609-217-9409
http://www.anniemacrenovationlending.com
jonofrio@annie-mac.com
NMLS #38670
0 votes
S, , New Jersey
Thu Dec 29, 2011
Hello. I've specialized in Renovation Lending for the past 15 years. If you need a 203k, give us a chance to compete for your business.
0 votes
John Izzolino, , Union, NJ
Thu Dec 29, 2011
Omega Financial Services is a direct wholesale FHA lender. We do 203k's and 203b's. We are the absolute fastest and most flexible. All you Mortgage Brokers contact me today and you can say the YOU do 203k's
John Izzolino, VP Wholesale
John@ofswholesale.com
800.382.3398
direct-908.302.1544
Web Reference:  http://ofswholesale.com
0 votes
Michael DeCh…, Agent, Succasunna, NJ
Wed Dec 29, 2010
Hi Monae,
We are a Direct FHA -203K Lender for HUD.
I have been writing mortgages for over 9 years now. My company is rated A+ with the BBB.

my website is : http://www.rhfunding.com
My cell phone is: 201.403.6587

I look forward to helping anyone in need of a Mortgage for a Purchase or a Refinance!
We offer NO LENDER CLOSING COSTS!! and NO POINT LOAN!!

Michael DeChristofano
NMLS#214287
Residential Home Funding Corp.
cell: 201.403.6587
0 votes
When you stated that you are a direct lender, do the underwriters make the final decisions? How long does it take? Thanks
Flag Fri Apr 6, 2012
Before & Aft…, , Douglassville, PA
Thu Jul 8, 2010
Before & After Interiors specializes in 203k rehabs in Nj & Pa. Give them a call at 610-385-9388 and check out there website at http://www.b4nafterinteriors.com
0 votes
Essex Mortga…, , Santa Rosa, CA
Sun Jul 4, 2010
Essex Mortgage Bank in Santa Rosa,Ca.95404 toll free 1-877-870-2676
0 votes
John Izzolino, , Union, NJ
Sat Jun 26, 2010
OMEGA FINANCIAL SERVICES, INC IN UNION. LICENSED IN NJ, PA, FL, CT. 2ND LARGEST N NJ
1-800-OMEGA 20
0 votes
Wagdy, , Union County, NJ
Tue Jun 30, 2009
First Time Home Buyer or Second Time, need Cash to Rehab an old kitchen or add a private suite for your parents? You can use the FHA 203(k) program to Purchase or finance the rehab of your single family, 2,3 or 4 multi-unit or condominium.

FHA 203b Programs also allow a FHA Purchase up to 96.50% and a FHA Rate/Term Refinance up to a 97.75% Loan to Value of the Purchase Price or Appraised Value of your Home.

Plus you can refinance your primary single family home with a FHA Cash-out (for any reason) up to a 85.00% Loan to Value, or your primary 2, 3 or 4 unit home up to 85%. Title must be in your name for a minimum of 12 months to obtain Cash-out refinancing.

FHA Insured Reverse Mortgage referred to as the Home Equity Conversion Mortgage (HECM) provides homeowners 62 years of age or older is the Golden Opportunity to take the equity from their home for tax free income. Ask your CPA about the benefits for your personal situation - the HECM - the loan that never has a payment.
SOME OF THE LOANSOFFERED BY OMEGA FINANCIAL SERVICES-FHA 3.5% DOWN, FHA203K, FHA JUMBO LOANS, CONVENTIONAL LOAN, BI-WEEKLY MORTGAGE

هذهو الوقت الذي يجب ان تقوم بشرأ بيت العمر

FHA loans

يوجد لأن برنامج من الحكومة االأمريكيه يعطيك 8000$ عندا شراء منزل لأول مره وذالك لتشجيع المواطن المريكي علي الشرأ منزاه الأول مره.
هذا القرض سوف يعطيك المقدره علي ان تقدم 3.5% ك مقدم للبيت الذي تريد ان تشتريه.
3.5% يمكن ان تكون مكونه من
1 عطيه من الأب او قريب من الدرجه الأوله
2 منحه من المحافضه اللتي ترعب ان تعيش بها
أذا ارت أن تحصل علي المزيد من المعلومات يمكنك الأتصال
بـ : وجدي سعداله

Wagdy Saadalla
Omega Financial Services,INC
1872 Morris ave
Union, NJ
201-218-2688
908-933-0253
Web Reference:  http://www.fhaomega.com
0 votes
John Izzolino, , Union, NJ
Tue Apr 28, 2009
We do 203k's all day long in NJ, NY, FL. We are a direct lender in Union, NJ.

John R. Izzolino, Sales Manager
Omega Financial Services, Inc.
1872 Morris Ave.
Union, NJ 07083
O: 908-933-0253
F: 908-964-0295
email: jizzolino@omegafunding.net
Web Reference:  http://ww.fhaomega.com
0 votes
S, , New Jersey
Fri Apr 24, 2009
I have been originating 203k's in NJ for 10 years. Wells Fargo does 1 out of every 4 203k's in that market. Feel free to contact me for any further information. Or visit http://WWW.203KNOW.COM

Sean Thompson
Regional Renovation Sales Manager
AVP
Wells Fargo Home Mortgage
1100 Centennial Ave. Suite 204
Piscataway, NJ 08854
732.799.2001 x 1006 Tel
866.473.6114 Toll Free
732.672.5243 Cell
732 981 0830 Fax
sean.thompson@wellsfargo.com
http://www.seanthompsonloans.com
0 votes
Hi Sean
Are you part of Prospect Mortgage? I clicked on your http://www.203know.com and it didn't work. However, Prospect Mortgage popped up.
Flag Fri Apr 6, 2012
Shai Megiddo, Agent, Astoria, NY
Mon Feb 9, 2009
Hi Monae,
My company is doing FHA 203K loans in NY AND NJ.
Please contact for further details.
Shai Megiddo
(718)947-1541
shaimegiddo@gmail.com
0 votes
Jeremy S. Hi…, , Cherry Hill, NJ
Mon Feb 9, 2009
Hello Monae,

We are! http://www.auroralending.com And there's other similiar programs available. Do you have a scenerio that you'd like to run by. Give me a call I'd be happy to assist.

Best Regards,

Jeremy S. Hill, Realtor Associate, Mortgage Consultant
Keller Williams Realty, Aurora Financial Group, Inc.
http://www.YourPhillyHomeSearch.com
http://www.SouthNewJerseyHomes.com
Office: 856.685.1651
Direct: 609.876.5817
Fax: 609.482.8235
Licensed PA, NJ
"Your Interest 1st Always"
0 votes
Damon Redmond, , Newark, NJ
Mon Feb 9, 2009
Monae,

From my experience, It really depends on where the property is located. If it is in an "urban" area some banks my not lend at the high ltv, normally the bigger banks, but in some of the "better" areas it might not matter...
0 votes
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