First Time Home Buyer Program | Ocean Community Economic Action Now (OCEAN)

Individuals who:- have not owned a home on their own in the past three years;- are a resident of Ocean County and are a U.S. Citizen or a qualified alien with a steady employment history;- have a down-payment amount of 3.0% of the Sales Price. (An amount of 1% of the Sales Price must be from your own account.);- and who meet the HUD income requirements based on household size;Individuals must:- meet the Asset Test requirements, and show an established pattern of savings;- have sufficient income to support the monthly mortgage loan payment and monthly recurring debts;- attend the O.C.E.A.N., Inc HUD-Certified Homeownership Education Workshops, which are offered to all applicants every three months;Eligible properties:- must be located in Ocean County;- must be a single family home, condominium, townhouse, or a manufactured home. Mobile homes are not eligible;- cannot exceed a $475,000 purchase price;

Completed application, photo ID, proof of household income, social security number, proof of employment, bank statement, credit report, first-time buyer affidavit.

Mon - Fr 8:30am - 3:30pmMorning hours by appointment only Tues, Thurs 8:30am - 11:30am