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About Matthew Victoria
For over two decades, Paramount Residential Mortgage Group Inc. (PRMG) continues to be a Top 15 Leading Lender in the mortgage industry. As a privately held mortgage company and residential home lender, PRMG has successfully helped many borrowers purchase and refinance their homes throughout the United States.
PRMG has fostered an aligned company culture "earned over time". Our goal is to provide customers with a 'Path to Pivot' to more consumer facing activities and modern lending technology. This includes innovative products and industry-leading customer service levels.
Today, PRMG employs nearly 2000 employees and has over 250 branches throughout the United States, licensed in 49 states plus Washington DC.
Why Choose Paramount Residential Mortgage Group?
With over two decades of mortgage excellence, Paramount Residential Mortgage Group delivers personalized solutions backed by industry-leading expertise and service.
Home Mortgage Programs
Whether you're a first-time homebuyer, purchasing a new home, or want to refinance your existing mortgage, we offer personalized solutions for your needs.
First-Time Homebuyers
Veterans & Military
Self-Employed Borrowers
FHA Loans
FHA loans are government-backed mortgages insured by the Federal Housing Administration, designed to make homeownership accessible to more Americans, especially first-time buyers.
Key Requirements
- Minimum Credit Score: 580 for 3.5% down payment; 500-579 requires 10% down
- Down Payment: As low as 3.5%
- Debt-to-Income Ratio: Up to 43% (may go higher with compensating factors)
- Mortgage Insurance: Required for life of loan if down payment < 10%
- Property Requirements: Must be primary residence and meet FHA standards
Eligibility & Application
FHA loans require steady employment history (typically 2 years), proof of income, and the property must pass an FHA appraisal. Borrowers must also complete FHA-approved homebuyer education.
VA Loans
VA loans are guaranteed by the Department of Veterans Affairs and offer exceptional benefits to eligible veterans, active-duty service members, and surviving spouses.
Key Requirements
- Minimum Credit Score: Typically 620 (lender requirement)
- Down Payment: 0% - no down payment required
- Debt-to-Income Ratio: Up to 41% (flexible with residual income)
- Mortgage Insurance: None required
- VA Funding Fee: 1.4% - 3.6% (can be financed; waived for disabled veterans)
Eligibility & Application
Must have served minimum active duty (90 consecutive days during wartime, 181 days during peacetime, or 6 years in Reserves/National Guard). Obtain Certificate of Eligibility (COE) from VA before applying.
USDA Loans
USDA loans are backed by the United States Department of Agriculture to promote homeownership in eligible rural and suburban areas for low-to-moderate income borrowers.
Key Requirements
- Minimum Credit Score: 640 recommended
- Down Payment: 0% - no down payment required
- Income Limits: Cannot exceed 115% of area median income
- Property Location: Must be in USDA-eligible rural area
- Guarantee Fee: 1% upfront + 0.35% annual fee
Eligibility & Application
Property must be in USDA-designated rural area (check eligibility map). Borrower income must fall within limits and property must be primary residence. Stable employment and reasonable credit history required.
Conventional Loans
Conventional loans are traditional mortgages not backed by government agencies, offering flexibility and competitive rates for borrowers with strong credit profiles.
Key Requirements
- Minimum Credit Score: 620 (higher scores get better rates)
- Down Payment: 3% - 20% (20% avoids PMI)
- Debt-to-Income Ratio: Up to 43% (50% with strong compensating factors)
- PMI: Required if down payment < 20% (removable at 20% equity)
- Property Types: Primary, second home, investment properties
Eligibility & Application
Requires stable employment, verifiable income, solid credit history, and sufficient assets for down payment and reserves. Offers most flexibility in property types and loan purposes.
Non-Qualified Mortgages
Non-QM loans provide flexible financing solutions for borrowers who don't fit traditional lending criteria, including self-employed individuals, investors, and those with unique financial situations.
Key Requirements
- Minimum Credit Score: 500+ (varies by program)
- Down Payment: 10% - 25% depending on program
- Documentation: Bank statements, asset depletion, DSCR, or stated income
- Property Types: Primary, second home, investment properties
- Interest Rates: Typically higher than conventional (7% - 9%)
Eligibility & Application
Ideal for self-employed borrowers, real estate investors, foreign nationals, or those with recent credit events. Alternative documentation accepted. Larger down payments and reserves typically required.
What Our Clients Say
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Contact Information
Eatontown Office
1 Main Street, Suite 201
Eatontown, NJ 07724
Toms River Office
1466 Hooper Ave
Toms River, NJ 08753
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