Trenton Ferry condos and houses qualify for financing from the NJ Housing and Mortgage Finance Agency (HMFA), including the more generous "Target Area" features. These programs provide some of the most cost-effective financing available. Special assistance is available to first time home buyers, and to people who live and work in Trenton. Features for qualified buyers include:

• Up to 100% financing without PMI. This provides substantial cost-savings compared to most commercial mortgages, which typically require PMI for financing in excess of 80%.
• Attractive financing rates. HMFA's mortgage rates are extremely competitive. They are quoted based on 0 points, and up to 100% financing. Make sure you compare "apples to apples" when comparing to commercial mortgages.
• The "Smart Start" program, provides additional funds for closing costs, up to 4% of your mortgage principal. "Smart Start" requires no out-of-pocket payments while you live in your home, and the principal and accumulated interest is completely forgiven after 7 years. Click here for more information.
• The "Live Where you Work program". If you work in Trenton, HMFA will offer you many of the same programs they offer first time home buyers, available even if you're selling a house to move here. Includes the "Smart Start" program, but with broader income elibibility and a bigger cap: 5% instead of 4%! Click here to download HMFA's 2008 fact sheet.
• Consumer-friendly terms. Because HMFA is chartered by the State of NJ, you can be sure that there won't be any tricks hidden in the financing terms.

Check with your HMFA-qualified mortgage broker or bank for details.
We recommend Alan Smith of Carnegie Mortgage, LLC: (609) 238-0277