Fabio GullaSenior Loan Officer NMLS#: 69827
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Effective starting on October 15th, 2019, the Federal Housing Administration (FHA) has published a new condominium approval process to help credit-worthy first-time buyers attain affordable and sustainable homeownership. The new rule will now allow certain individual condominium units to obtain FHA mortgage insurance, even if the condo project is not FHA approved.
In the new Condominium Project Approval section of the Single Family Housing Policy Handbook, you can find the detailed revision and changes to the FHA condominium project approval policy. However, the main points of the FHA’s new rule include the following…
- A new single-unit approval process will now make it easier for individual condominium units to be eligible for FHA-insured financing
- The recertification requirement for approved condominium projects will now be extended from two to three years ...
NJ Lenders Corp. is excited to announce and welcome Robert Gaccione as our new Director of Commercial Lending. Gaccione brings 20 years-worth of commercial lending experience to NJ Lenders, and the company is excited to have his expertise.
“I chose commercial lending so that I can help customers once they have bought their own home to now take a step further and possibly enhance their retirement with investment properties,” said Gaccione. “Maybe they will even have the opportunity to start their own businesses and be more entrepreneurial.”
Gaccione, who specializes in loans from $500,000-$5,000,000, will help build a commercial division to enhance NJ Lenders, and will give the residential loan officers further assistance with their clients who have loans outside of the residential box. Furthermore, he’s hoping that will only solidify the residential loan officer’s ...
The interns of NJ Lenders Corp. recently spent their time giving back to those in need. They all attended the Youth Consultation Services Foundation (YCS) in Hackensack, where NJ Lenders donated $1,000 worth of school supplies for kids with special needs. They also spent time with the children and threw them a pizza party and handed out ice cream.
NJ Lenders is a part of the charity, where YCS provides services to thousands of New Jersey families who have children (birth to adulthood) with special needs. Some of the children in their group homes have been separated from their loved ones, and affected by different things like trauma, or intellectual or developmental disabilities. The YCS staff is incredible and offers individualized educational, mental health, and/or behavioral health programming to the children.
NJ Lenders is proud to be a part of YCS, and is honored to be able to help in any way, and to put a smile on the kid’s faces. It was a great day for the interns, and one they are sure to always remember.
Over 1,000 participants help raise funds for the Leukemia & Lymphoma Society charity.
On Tuesday, July 23rd, NJ Lenders Corp. participated in the annual Corporate FunRun New Jersey 5k at McLoone’s Boathouse in West Orange, NJ. The event had over 1,000 attendees from different businesses and companies, and NJLC ranked 5th with the most participants. NJ Lenders was also a head sponsor for the evening to help increase company exposure and network with other leading companies in the local area.
“The FunRun is something our company looks forward to every year, and our participation only grows every time we take part in it,” said Steve Grossman, Partner of NJ Lenders Corp. “Whether our employees decide to run, walk, or cheer their co-workers on, everyone has a great time.”
The event was a 5k run/walk around the water at the ...
On Monday, June 17th, the Greater Bergen Association of REALTORS® Care Foundation held their 5th annual golf and tennis outing where participants and sponsors, including NJ Lenders Corp. (lead corporate sponsor), helped raise over $30,000 to be distributed to various charities and non-profits in Bergen County.
The event, which was attended by 171 Realtors® and industry professionals, was held at Montammy Golf Club in Alpine, New Jersey.
“The GBAR REALTORS® Care Foundation golf and tennis outing has been an event we look forward to attending and sponsoring every year,” said Steve Grossman, Partner of NJ Lenders Corp. and Board of Trustee member of the REALTORS® Care Foundation. “It’s always a great day for us to not only network with members of the GBAR community, but to also raise money for various local charities.”
“It is such an honor to able to host members of our community, industry partners, and supporters of the organization ...