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New Jersey - No Closing Costs Mortgage Loan Program

James Kennedy, of RBI Home Loans, is pleased to release an amazing program for the First Time Home Buyers in New Jersey. It has been released under the name of NJ First TIme Home Buyer "No Closing Cost" Home Loan Initiative. Under this Program, James Kennedy & RBI Home Loans will offer a "No Closing Cost" mortgage loan to First TIme Home Buyers, seeking to Purchase a home with minimal additional funds for closing costs. The loan program will also benefit those looking to keep closing costs minimal and putting down a larger down payment.

Standard requirements for First Time Home Buyers are a minimum of 620 middle Credit Score and a 3.5% Down Payment. Two years of job & income verification will be done via your 2 most recent paystubs and/or the last 2 years tax returns, followed by verbal or written verification prior to closing. The down payment requirement of 3.5% can be gifted from a family member and/or pulled from your Checking/Savings, CD, 401k, and retirement/pension plan and will be verified via 2 most recent months bank statements, CD withdrawal document, 401k or pension statement, or a gift letter with documents showing where the monies are coming from(if applicable).

First Time Home Buyers are still eligible for up to $8,000 Tax Credit, good through April 30, 2010. Feel free to check out RBI Home Loans or Your Lower Rates to find out more.

Contact James Kennedy TODAY to find out more... (732)979-7409

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