CENTURY 21 Sylvia Geist Agency's Blog

USDA No Down Payment Home Loans

Over 50% of potential home buyers state that the one thing in their way of buying a home is the down payment requirements.

The United States Department of Agriculture (USDA) has a home loan programs that offers no down payment loans to qualified buyers.  This program is geared towards home buyers that want to purchase a home in a qualified rural area and have incomes in the low to moderate range.  Guideline can be found on the USDA web site.  In Middlesex County NJ we found homes in Spotswood, Monroe and South Brunswick that a home buyer could use USDA loan program to to purchase. Some homes in towns of Monmouth, Somerset and Mercer Counties also qualify for these loans. Some buyer may also qualify for a grant from the USDA to reduce the there mortgage payments if their incomes are too low. Loans from the USDA have low interest rates and lower mortgage insurance cost then FHA or Conventional loans.

Existing Home Sales Highest Since Last October

CENTURY 21 Sylvia Geist Agency home sale report July 2014.  U.S. home sales including that in New Jersey climbed for the third consecutive month in June. Home sales are at the highest level since October as the housing market gained steam after months slowing home sales according to date release but the National Association of Realtor on July 29, 2014.

Report on existing home salesThe latest increase in home sales suggests the housing market rebounded from a harsh winter.  Tuesday's report showed home prices are growing more slowly than in prior months as more homes come on the market. The median sale price for a home nationally last month was $223,300, up 4.3% from a year earlier.  The median sale price of a home in the East Brunswick NJ area is considerably higher then the national average and...

Home Sales Report Sayreville NJ

Real Estate Market Data Sayreville Average Sales priceHome values in Sayreville NJ have been increasing over the past 2 years.  The chart on the left shows how the average home sales prices in Sayreville (for single family home, condominiums and townhouses) has increased from the first 6 months of 2012 when compared to the same period in 2013 and 2014.  The number of sales in each period are as follows:

  • 2012 127 Closed Home Sales
  • 2013 154 Closed Home Sales
  • 2014 147 Closed Home Sales

The average days on the market  for for homes sold in Sayerville