Edison, NJ Mortgage Rates & Programs

• Home buyers, you can Lock and Shop your Edison NJ mortgage rate before you find a property: 60 or 90 day lock period. Call 877-539-1697 for details!  Why work with a mortgage broker Why Work With A Mortgage Broker video.  
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  We’re honoring the new 2021 conventional loan limits effective immediately. The new loan limits:
  • $548,250 for regular one-unit conventional loans 

• $822,375 for one-unit conventional high balance loans

Remodeling your home? 
If you are planning on remodeling your Edison NJ home - be it a kitchen, bathroom or backyard - you can contact one of our mortgage professionals who will help find the right loan for you!

First Time Home Buyer

First time homebuyer mortgage program in Edison NJ with as little as 3% down payment HomePossible program specifically for low to moderate income borrowers.  FHA programs start with a minimum 3.5% down payment. Conventional Fannie Mae mortgage programs for loans up to $1,472,550.  Lower credit scores between 500-579 require larger down payment of 10%.  Gifts and seller concessions allowed up to 6% of purchase price toward borrower closing costs. We have a new loan program which allows one 30 day mortgage late payment in the past 12 months.

Move Up Home Buyer

Maybe you have outgrown your home in Edison, NJ. Empty nester looking for a 2nd home in the city. Move up buyer home mortgage loans with as little as 3.5% down paypayment for loans up to $822,375 in high cost areas. 10.1% down payment for loans up to $3 million.

Portfolio Mortgage Loans

Perhaps you are a non-traditional borrower who is retired with assets? Need a divorce buyout? A business owner who can't verifying income? Credit issues such as collection accounts, Mortgage Forbearance, one day out of Bankruptcy or Foreclosure.  Turned down by your bank?  Portfolio loan programs utilize alternative underwriting policies to finance a non-traditional bank loan at an assigned risk adjusted rate and/or larger down payments.  We'll help plan a strategy to help get you into a home and enable you refinance when your situation improves.

• Self-employed borrowers with good credit and assets can get approved using alternative bank statement program
• 1 day out of Bankruptcy or Foreclosure with down payment as low as 10%
• Retired with assets?  You may qualify using an asset depletion mortgage program
• Verification of Employment only (2 years same employer) 20% down payment. No tax returns, No paystubs, No W2
• Jumbo Loans up to $6 million
• Investor No Income, Verified Asset, No Tax Return Program
• Refinance Investor or Fix and Flip, no seasoning maximum required for 80LTV.  No Income based on Rental Income greater than the mortgage payment, borrower can own unlimited properties. Loan amounts to $3.5 million 

Investor 1-4 unit property  

Looking to purchase an investment property?  You may qualify for a 85% loan program, no mortgage insurance.  Mixed Use property up to 2-8 units at 70LTV.  Hold property title in personal or corporate name. 

Mortgage Technology

We've got the latest technology such as the Automated Asset Verification Option in liue of collecting personal financial documents.  Go DOC LESS, where you authorize us to electronically verify your income, assets and tax returns.  And your property might qualify for a appraisal waiver.  Watch our Mortgage application videos about mortgage technology and our mortgage process.

We can determine  how much home you can afford.  Call us now at 908-722-9217 or 800-327-0123. Start your loan process using our secured online mortgage application. 
Learn more about Edison NJ websites:
Information about the Town of Edison NJ  
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Edison NJ Best Place to Live