American Dream Downpayment Initiative (ADDI) | Somerset County Community Development
27 Warren St, 4th Fl, Somerville, NJ 08876
Eligibility
Open to anyone who lives or work in the service area. Visit the website for eligibility requirements.
Required documents
Contract of sale, home inspection report, good faith estimate from lender, income documentation, three prior years' tax return, three months of checking account statements.
Hours
Mon - Fri 8:30 am - 4:30 pm
Languages
English
Interpretation services
English
Application process
Call for information.
Fees
None, however applicant must have saved at least 5% of the purchase price.
Service area
Somerset County, NJ
Description
Helps lower-income, first-time homebuyers with closing costs, up to a maximum of $10,000. The program aims to increase the homeownership rate, especially among lower income and minority households.
What's Here
Providing organization
Somerset County Community Development
Offers to serves Somerset County and its residents through the administration of Federal and County-funded programs. Addresses affordable housing and community development needs.