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AnnieMac Home Mortgage's FHA 203K Loan Program

FHA 203K

How’s this for a Catch 22?

You’ve found a great property. Perfect for your needs, and in just the right location. It could use some fixing up, but that’s OK because it brings down the price. Besides, you like the idea of customizing a home to make it truly yours.

The problem is that the bank won’t lend the money until the repairs are complete. And you can’t buy the house until you do the repairs.

Fortunately, there’s a loan program in place, backed by the Federal Housing Administration, meant to alleviate that very problem.

The FHA 203(k) is perfect for enterprising homebuyers who are willing to pay a lower price for houses that need some sprucing up or repair work, and willing to arrange for that work themselves. Depending on the type of 203(k) loans, they can be used to fund anything from

What Refinancing Could Do for You



What would you do with hundreds of extra dollars a month? When you refinance into a new, lower rate through AnnieMac Home Mortgage, that’s what you can save.

A home is more than a place to live. It’s an investment. And with the right strategy, you can use the equity you’ve already built in your home to accomplish your financial goals.

A few possibilities:

  • Lower your interest rate and/or term
  • Pay off high-interest debt
  • Finance home improvements
  • Get tax deductions on your interest payments
  • Convert your home’s equity into cash

As a direct lender, we have access to the widest range of lending programs available in the industry. We can come up with a program tailored to meet your individual needs.

Jumbo Loans Up to 2 Million with Low Down Payment



If you have your eye on a home that conventional financing won’t cover, don’t worry. You have the option of getting a “jumbo loan,” which offers a maximum loan amount of $2.5 million.

Dream big. Get the home you REALLY want with:

  • Only one loan. No need to bother with multiple loans for the required financing.
  • No mortgage insurance required.
  •  Interest rates comparable to conventional loans.

A jumbo loan exceeds the Fannie Mae/Freddie Mac maximum price of $417,000 for a first mortgage. It’s an increasingly popular option for areas where home prices are going up.

  • Available for non-warrantable condos, which other mortgage firms won’t lend on.
  • Available for construction-to-permanent. Don’t just

Market Update from Our CEO- 06.13.16


Daily Quote: “Some men see things as they are and say why. I dream things that never were and say why not.” George Bernard Shaw

Fun Fact Of The Day: The average Game of Thrones episode costs $6 million to make. That's two to three times what a typical network or cable show costs per episode (Breaking Bad episodes cost around $3 million, early Big Bang Theory cost $2 million).  

Senseless:  Our thoughts and prayers go out to all of those who lost their lives and whose families have forever been torn apart by the senseless shooting in Orlando this weekend.  I

Jeffrey Rosen, Director of AnnieMac's Lending to America's Heroes Program, Honored for Community Efforts

Jeffrey Rosen is director of AnnieMac's Lending to America's Heroes program, which provides mortgages for people who serve their communities in volunteer or professional capacities. Among those who meet that description are law enforcement personnel and first responders.

Jeffrey has spent a lot of time cultivating relationships and demonstrating his support for the law enforcement and first responder communities. And they appreciate his efforts, and evidenced by several recent events in which Jeffrey participated:

Last month, Jeffrey was honored at the Bergen County Conference — consisting of 53 Police Benevolent Associations of Bergen County, N.J., along with their presidents and delegates. He was one of only two people honored that night.

On My 31st, Jeffrey supported the Emerson PBA and Chief Rossi at their golf event to raise money for children.

You've served our country. Let us serve you!


If you’re a current or former member of the U.S. armed forces and looking to buy or refinance a home, we can help you get a loan with no down payment, no mortgage insurance, and lower interest rates than a conventional loan.

You’ve served our country. Let us serve you.

The U.S. Department of Veterans Affairs backs loans for veterans. Some of the benefits include:

  • No down payment, as long as the sales price doesn't exceed the appraised value.
  • No private mortgage insurance premium requirement.
  • Closing costs may be paid by the seller.
  • Possible VA assistance if you have trouble making payments.
  • VA rules limit the amount you can be charged for closing costs.
  • A percentage of the closing costs may be paid by the seller.

AnnieMac has Licensed Mortgage Ori

Market Update from Our CEO- 06.06.16


Daily Quote: “Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.”  Muhammed Ali

Fun Fact Of The Day:   A red-and-white Schwinn bicycle launched Ali’s boxing career.  When the 12-year-old Clay’s beloved bicycle was stolen in October 1954, he reported the theft to Louisville, Kentucky, police offi

AnnieMac Home Mortgage Ranked as One of the Nation's Top Mortgage Lenders for 2015

Scotsman Guide has named AnnieMac Home Mortgage among its top mortgage lenders for 2015. The publication's June, 2016, residential edition will list AnnieMac as number 59 in the "top dollar volume" category.

According to Scotsman Guide, AnnieMac was ranked among entries from hundreds of mortgage companies across the country.

To be eligible for the rankings, all loan volume had to be from mortgages on one-to-four-unit residential properties within the United States. No commercial or international loans were included. Scotsman Guide required written verification of top entrants’ volume from a certified public accountant, the chief financial officer at the company or a similar source.

Scotsman Guide describes the rankings as "the mortgage industry's most comprehensive, most intensely verified list of its kind."

See the full list of Top

Could Getting a Reverse Mortgage Help You Save Money?

A recent report on the NBC Nightly News says that reverse mortgages — loans that let you borrow against the value of your house — are an increasingly popular option for people who are facing their retirement years with little or no savings.

The report says that reverse mortgages used to be controversial. But stricter requirements have made them safer, and many consumer advocates now recommend them.

See the report here:

Anniemac Blog Spotlight: Garden Therapy

The "therapy" in the blog title is literal. Master Gardener Stephanie Rose used gardening to recover from a long illness. The garden-related projects, crafts and recipes are written with an eye toward the physical and psychological benefits of getting outdoors and digging in the dirt.

David Margulies, Executive Vice President of Wholesale, Corespondent and Strategic Alliances of AnnieMac is interviewed by Andrew Berman at 2016 MBA Regional

During a recent interview with the Mortgage News Network, AnnieMac's Executive Vice President of Wholesale, Correspondent and Strategic Alliances David Margulies discussed the reasons behind the resurgence of wholesale and mortgage brokers, and the importance of the personal touch in the loan process.

David Berman of MNN conducted the interview with David during the 2016 Regional Conference of Mortgage Bankers Associations at Atlantic City in March. David said he's been going to the conference for 15 years, and finds the networking opportunities to be highly valuable.

"It's always a great show to go to," David said.

When asked about the reasons for the recent resurgence in wholesale and mortgage brokers, David said that it's a benefit to the relatively small "mom-and-pop" brokers who might otherwise get "lost in the shuffle."

Larger organizations can afford to s

Courtney Brinkert, extended member of the AnnieMac Home Mortgage family, finishes up her final round of chemotherapy!

Courtney Brinkert, extended member of the AnnieMac Home Mortgage family, finishes up her final round of chemotherapy!  We are all very proud of Courtney as she has carried herself graciously through this challenging time and continue to wish her well on her way to recovery.  Congratulations Courtney and thank you to everyone at AnnieMac #TeamCourtney for their continued support!

Help Homeless Moms and Babies through HomeAid Colorado's Essentials for Young Lives Drive

Did you know that women with children are among the fastest growing segments of the homeless population? For many of these families already struggling to make ends meet, necessities like diapers, wipes and formula can be simply unaffordable. In honor of Mother’s Day, we invite you to take a moment of your time to help homeless mothers and their babies by participating in HomeAid Colorado’s Essentials for Young Lives Drive.

In support of the Drive, we are collecting diapers (sizes newborn and up), wipes, and formula from May 8th – June 19th. Please help us make a difference!

Simply bring your donations to AnnieMac Home Mortgage, 950 S. Cherry Street Suite 215 Denver, CO from 8:30am to 6:00pm, and place them in the donation bin. HomeAid Colorado will distribute all donated items to local nonprofit organizations serving homeless f

Market Update from Our CEO- 05.06.16


Daily Quote: Coming out of your comfort zone is tough in the beginning, chaotic in the middle, and awesome in the end...because in the end, it shows you a whole new world !!  Make an attempt..

Fun Fact Of The Day:  More babies were born in the United States in 2007 than any other year in the nation's history — and a wedding band made increasingly little difference in the matter. The 4,317,119 births, reported by federal researchers Wednesday, topped a record first set in 1957 at the height of the baby boom.  


A Riddle, Wrapped In A Mystery, Inside An Enigma

10 Deadly Homebuying Pitfalls


From Merrimack Valley MA Real Estate

Buying a home is a big deal.  There are many home buying pitfalls a buyer can make.  This article will discuss some of the bigger pitfalls that can make your home purchase less than perfect. These deadly pitfalls can cost you tons of money, cause lots of aggravation or both!

Unfortunately many times a homebuyer will rush forward in the excitement and emotion of buying a home, only to get extremely frustrated with the home buying process or find out they made a mistake later on.  Find out at the end of the article how to avoid these 10 Dea

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AnnieMac Home Mortgage

The Mortgage Company

Jeff Coon

Phone: (732) 378-6104

1800 Rt 34

Wall NJ 07719