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USDA Rural Development Names New Jersey Top Partner Lenders in Guaranteed Housing Program

Release Date
Sep 07, 2022

Greentree Mortgage Receives Gold Lender of the Year for Fourth Year in a Row

MOUNT LAUREL NJ, Sept. 7, 2022- USDA Rural Development State Director, Jane Asselta is pleased to recognize New Jersey’s top three Lenders of the Year for the Single-Family Housing Guaranteed Loan Program. In FY 2021, Rural Development assisted 641 homeowners for a total of more than $129,678,201invested in quality housing in New Jersey.

“Our lenders are partners in helping USDA Rural Development connect homebuyers to our housing programs, which make buying a home in rural New Jersey more affordable,” said Asselta.  “Homeownership is vital to the health of rural towns and allows families to establish roots in their community, raise a family, and build generational wealth.”

USDA Rural Development in New Jersey presented awards to:

  1. Gold Lender of the Year 2022 - Greentree Mortgage Company, based in Gibbsboro, New Jersey.  This is the fourth year in a row that Greentree has been awarded Lender of the Year.   Greentree helped 54 families and individuals in FY 21 to buy homes in New Jersey, totaling $10,423,432.

 

  1. Silver Lender of the Year 2022 - American Neighborhood Mortgage Acceptance Company (Annie-Mac) based in Mt. Laurel, NJ.  Annie-Mac helped 36 families and individuals in FY 21 to buy homes in New Jersey, totaling $8,178,455.

 

  1. Bronze Lender of the Year 2022 - Finance of America Mortgage, based in Horsham, PA.  Finance of America helped 27 families and individuals in FY 21 to buy homes in New Jersey, totaling $4,694,143.

Our Single Family Housing Guaranteed Loan Program helps lenders work with low and moderate income households living in rural areas to make homeownership a reality. Potential applicants may purchase, build, rehabilitate, improve, or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders to reduce the risk of extending 100% loans to eligible rural homebuyers.


Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

If you’d like to subscribe to New Jersey USDA Rural Development updates visit our GovDelivery subscriber page or follow us on Twitter.

 

 

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