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USDA Single Family Housing Loan Program

New Jersey Single Family Housing

502 Guaranteed Loan Program

                         FUNDING AVAILABLE


USDA Rural Development Section 502 Guaranteed Loan Program is fully funded.


With joint efforts, we can market this program and make USDA your “go to” source of financing.


Advantages of the Guaranteed Program: 

  • 100% financing
  • No down payment requirement
  • No Mortgage Insurance
  • No Cash Reserves Required
  • Loan up to 101% of appraised value
  • Seller Contributions Limited to 6%
  • Guaranteed loans allow higher ratios based on PITI between 29 and 32 and TD ratio between 41 and 44 percent; all applicants credit scores 680 or greater; and additional compensating actors (PITI equal or less than current rent; minimum of 3 months cash reserves of PITI payments; or employment history 2+ years with current employer)

There are fees associated with this loan:

  • 1% guarantee fee (can be financed into the loan)
  • .35% lender fee

Please find supporting documentation about the 502 Guaranteed Loan Program by clicking on the following links.

  • Single Close – Construction-to-Perm
  • 502 Guarantee Brochure
  • Streamlined-Assist Refinance

If you have any questions, please contact the NJ Guaranteed Housing Team by phone at 856.787.7700 or by email