First Time Homebuyer Program | Monmouth County Community Development
One E Main St, Freehold, NJ 07728
Eligibility
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.
Required documents
Contact Ofice for information
Hours
Mon - Fri 9:00 am - 5:00 pm
732-431-7460
Voice·
Main Phone
732-308-2995
Fax·
Fax
Application process
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.
Fees
Interest-free loan, which does not need to be repaid until the house is sold or transferred.
Service area
Monmouth County, NJ
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.
What's Here
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.