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First Time Homebuyer's Program (FTHP) | Camden City Bureau of Housing Services

520 Market St, Room 218A, Camden, NJ 08101

Eligibility

Open to families in the service area who meet the following criteria: - Are purchasing their first home, and have not owned a home in the last 3 years (exceptions for divorced or inadequately housed individuals apply);- Are seeking to occupy the purchased home;- Must be able to contribute a minimum of $500 down payment from own funds;- Household income of no more than 80% of median income;- Property to be purchased must meet City Code Standards (some exceptions can apply);- Must attend and complete pre-purchase counseling with designated non-profit housing agency prior to settlement

Required documents

Proof of income within the last 2 months for all household members, previous two years of W-2s and 1040 tax return forms, executed agreement of sale, last 3 months of bank statements from checking and savings accounts, copy of private lender's mortgage application, proof of identity and address of the private lender, birth certificates for all household members under the age of 18

Hours

Varies, call for information
https://www.ci.camden.nj.us/housing-services/
[email protected]

Interpretation services

English

Application process

Call or visit the website to schedule an in-person interview.

Service area

Camden, NJ

Description

Provides a one-time, deferred loan of up to $14,000 to help cover down payment and closing costs for families who want to purchase their first single-family home. Aims to alleviate major impediments of buying a home, and also gives homebuyers the skills and knowledge necessary to purchase and maintain a property.

Providing organization

Camden City Bureau of Housing Services

Provides residents of the coverage area with financial assistance to purchase, repair, and make cosmetic upgrades to their new and existing homes. Along with a utitlity assistance program.