Friday, August 23, 2013

SANDY HOMEBUYER ASSISTANCE $50,000 Interest Free Forgiven after 5 yrs!



NJ HOMEBUYERS: GET UP TO
$50,000 INTEREST FREE
 


The SANDY HOMEBUYER ASSISTANCE

 PROGRAM will provide qualified low anmoderate income borrowers with a forgivable, INTEREST-FREE loan of up to $50,000!*



  No required monthly payments
  Loan is forgiven in full after five years


HOW DO I KNOW IF I AM ELIGIBLE?

  Purchase a home in any of the nine Sandy-impacted counties: Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean or Union

  Have a minimum credit score of 620

  *HUD income limits and other restrictions apply

Applicants must work with an approved

counseling agency and must pre-qualify for a first mortgage from an HMFA-approved lender.

  





This program is made possible by funding from the U.S. Department of Housing and Urban Developments Community Development Block Grant Disaster Recovery Program. The Sandy Homebuyer Assistance Program fund is being administered by the New Jersey Housing and Mortgage Finance Agency (HMFA). HMFA is a self- sufficient agency of state government that is dedicated to offering New Jersey residents affordable and accessible housing. HMFA receives no state appropriation.

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