First Time Homebuyer Program | Monmouth County Community Development
Resource Name:First Time Homebuyer Program | Monmouth County Community Development
address
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.