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First Time Homebuyer Program | Monmouth County Community Development

One E Main St, Freehold, NJ 07728

Open to low income, first time home buyers who have been residents of Monmouth County for at least 1 year. Property being purchased must also be in Monmouth County.
Mon - Fri 9:00 am - 5:00 pm
https://www.monmouthplanning.com/communde.htm

A referral is required from the bank or mortgage lender which is brokering the sale. Please call or visit website for more information. All applicants must complete a pre-purchase housing counseling course and provide a certificate of completion with the First Time Homebuyer application.

Interest-free loan, which does not need to be repaid until the house is sold or transferred.

Monmouth County, NJ

Description

Provides up to $10,000 in a deferred loan to eligible Monmouth County residents to assist with their down payment and/or closing costs for purchasing their first home. Homebuyers must be referred by their mortgage lender, and attend a pre-purchase housing counseling course before applying.

Providing organization

Monmouth County Community Development

Provides various community development programs, including emergency solutions grant administration, home affordable housing production program, home first time home buyers program, housing improvement program, monmouth county fair housing board and small business facade improvement program.