Category: Uncategorized
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Understanding Low-Income Housing in New Jersey
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) sets income criteria for low-income housing eligibility. Income limits for a family of 3 in New Jersey: – Very low: <$42,700 – Low: $42,700-$68,350 – Moderate: $68,350-$109,350
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Mortgage Rate Trends This Week: March 21, 2024
The average 30-year fixed mortgage rate increased to 6.87% this week from 6.74% last week. The 15-year fixed mortgage rate also rose to 6.21% from 6.16% last week. Mortgage demand decreased, with both purchase and refinance activity dropping. Factors affecting rates include inflation and the federal funds rate. Consider your financial stability, long-term plans, and…
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New Listings of Homes for Sale in NJ Dropped Again in Early Q1
New Jersey's Real Estate market saw a decrease in listed homes yearly in January. January 2024 saw 6,088 newly listed homes in New Jersey, ↓ 5.93% yearly.
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9 Cheap Housing Alternatives to Renting and Buying
Elderly people or those with disabilities may find someone to help with daily tasks in exchange for a place to stay. Families hire live-in nannies for childcare and housework. Property managers get free housing and a salary. Staying with friends or family can save on housing costs. Cruise ship employees and resort workers receive housing.…
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How to Apply for NJ Low-Income Housing Program
The administration oversees the Statewide Open Enrollment Site for the Section 8 Housing Choice Voucher Program in NJ. The program aims to offer housing subsidies to low-income residents, assisting them in finding affordable houses.