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Princeton Mortgage

in Home Purchase Mortgages from Weidel Real Estate

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Princeton Mortgage

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in Home Purchase Mortgages from Weidel Real Estate

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Highlights
Highlights
APR N/A
Loan Amount N/A
Loan Term 15 - 30 years

Princeton Mortgage Review

Where does Princeton Mortgage do business?

Princeton Mortgage is based in Pennington, NJ. The company was founded in 1915 and offers mortgages to borrowers in 10 states (and Washington, DC).

What is the maximum loan term you can get with Princeton Mortgage?

Princeton Mortgage offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does Princeton Mortgage charge a mortgage origination fee?

Yes, Princeton Mortgage may charge a loan origination fee.

What mortgage programs does Princeton Mortgage offer?

Princeton Mortgage offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • FHA 203k: An FHA mortgage you can also use to finance home improvements.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Princeton Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Princeton Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects
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Contact

  • Headquarters
  •   2482 Pennington Road
    Pennington, NJ 08534
  •   Visit Site

About Princeton Mortgage

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 10 states and Washington, D.C.
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Illinois
  • Maryland
  • New Jersey
  • Pennsylvania
  • South Carolina
  • Virginia
  • Washington

Feature Breakdown

Credit Score Range 700 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Minimum Age 18
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Recent Bank Statements
  • Recent Pay Stubs
  • Social Security Number
  • Driver License (or other photo ID)
House Flipping  
Primary Residence  
Loan Term 15 - 30 years

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