Forgivable loan
Township of Lakewood First Time Homebuyer Program
First-time homebuyers · Income limits · Single-family detached · Townhome · Condominium
Down payment assistance · Ocean County
Buying a home in Lakewood, NJ
1 Lakewood program, 2 county programs and 19 statewide.Lakewood has 1 program of its own, 2 more across Ocean County, and 19 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Lakewood addresses
Lakewood’s own program
Anywhere in OceanAnywhere in Ocean County
2 county programs2 county programs a Lakewood homebuyer can also use
The Lakewood marketThe Lakewood housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Lakewood
- 36% single-familysingle-family
- 32% townhousetownhouse
- 11.7% 2–4 units2–4 units
- 20.3% 5+ unitscondo & apartment buildings (5+ units)
- 0.1% mobile & othermobile home & other
Condos count. 2 of Lakewood’s 3 local and county programs accept condos. Northern Ocean Habitat for Humanity Homeownership Program lists single_family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Lakewood’s homes were built
pre-19401970s2020+
39.6%
of Lakewood homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$140,600
County area median income, 4 people (HUD)HUD area median income, Ocean County, 4-person household (2026)
$56,968
Lakewood median household incomeMedian household income in Lakewood (Census, 2024)
21 of the 84 programs here set their income limit as a share of Ocean County’s area median income, adjusted for household size. See the published limits for Ocean County
Free help nearbyFree help near Lakewood
5 HUD-approved counseling agencies within 15 miles5 HUD-approved housing counseling agencies within 15 miles
3 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 3 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across New Jersey and nationwide
81 statewide & federal programs19 statewide programs, plus federal options
Lakewood questions
Does Lakewood have its own down payment program?
Yes, one: Township of Lakewood First Time Homebuyer Program, a forgivable loan for first-time homebuyers (forgiven over 10 yrs, income limits). It is for homes inside Lakewood.
Can I use assistance on a condo in Lakewood?
2 of Lakewood’s 3 local and county programs accept condos. Northern Ocean Habitat for Humanity Homeownership Program lists single_family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Ocean County?
Each program sets its own. 21 of the programs here set theirs as a share of HUD’s area median income for Ocean County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Lakewood?
HUD-approved housing counseling agencies teach homebuyer classes, and 5 agencies are within 15 miles of Lakewood. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
08701
Nearby in Ocean
Sources
Sources: agency sites (July–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.