32 Cedar Xing, Red Bank, NJ 07701

Please read below this is an affordable housing unit and you much qualify for affordable housing in order to buy this unit. Property Comments To request an application for this property email Hashomebuyer@njhmfa.gov or click the pre-application link. “This property is not eligible for FHA, VA or USDA financing. Conventional mortgage options may be limited due to the condominium and/or HOA not being currently approved by Fannie Mae and Freddie Mac for standard conventional mortgages. Interested buyers are encouraged to look for a Non-Warrantable Condo Mortgage, or a lender like a Credit Union that may offer specialty portfolio mortgages. Cash buyers are also permitted.” ATTENTION APPLICANTS: "This property is not eligible for FHA, VA or USDA financing. Conventional mortgage options may be limited due to the condominium and/or HOA not being currently approved by Fannie Mae and Freddie Mac for standard conventional mortgages. Interested buyers are encouraged to look for a Non-Warrantable Condo Mortgage, or a lender like a Credit Union that may offer specialty portfolio mortgages. Cash buyers are also permitted. MAXIMUM LOW INCOME LIMITS FOR MONMOUTH COUNTY - 2 PERSON HOUSEHOLD - $52,022; 3 PERSON HOUSEHOLD - $58,524; 4 PERSON HOUSEHOLD - $65,027 **ESTIMATED ANNUAL REAL ESTATE TAXES $2,368.81** ESTIMATED MONTHLY PRINCIPAL AND INTEREST $804.79 MONTHLY HOMEOWNER'S INSURANCE $36.66; MONTHLY TAXES - $197.40; MONTHLY PRIVATE MORTGAGE INSURANCE $101.60. **ESTIMATED MONTHLY MORTGAGE PAYMENT IS $1,140.45**PLUS ESTIMATED MONTHLY ASSOCIATION FEES $215.00** The estimated monthly payment is not a guarantee and is based on the criteria as listed above. NOTE: THESE FIGURES ARE ONLY AN ESTIMATE. Only a loan officer can determine what your interest rate will be, what type of loan you may qualify for and what your estimated closing costs will include. You should print a copy of this listing and discuss it with a loan officer prior to submitting your application to determine whether you will qualify for a mortgage to purchase this particular property. The estimated monthly payment is based on a 30 year fixed rate mortgage at 7.125%, with a 5% down payment and financing of 95% of purchase price. The estimate monthly payment includes principal and interest, property taxes, homeowner's insurance premium and private mortgage insurance and homeowner's association fees where applicable. ATTENTION: It is the buyers responsibility to identify the current Condo Association(s) and/or Management Company. This would also include information concerning monthly association fees, and/or any capital contributions needed PRIOR to closing. HAS requires a 5% down-payment($6,284.00). These funds can come from the buyers' personal assets or down-payment program offered by the lender or a government entity.