Camden County First-Time Homebuyers' Program

Camden County First-Time Homebuyers' Program is a forgivable loan for homebuyers in Camden County, New Jersey, administered by Camden County Improvement Authority (CCIA) with Camden County Dept. of Community Development. HOME-funded assistance for low- and moderate-income first-time homebuyers purchasing in Camden County (excluding Camden City, Tavistock, and Pine Valley). Provides up to $25,000 as a 0%, non-amortizing forgivable loan for down payment (up to 5%), closing costs, and/or principal write-down. Up to $25,000 assistance. 0% non-amortizing forgivable loan. Usable for down payment, closing costs, principal write-down. 5- or 10-year forgiveness by tier. Funding comes from HUD HOME Investment Partnerships Program.

Camden County First-Time Homebuyers' Program offers between $1,000 and $25,000 in assistance. Award tiers: Forgiveness term: under $15,000 = 5 years; $15,000-$25,000 = 10 years. Amounts are the program's published maximums, not an offer — Camden County Improvement Authority (CCIA) with Camden County Dept. of Community Development determines any individual award.

Camden County First-Time Homebuyers' Program is a forgivable loan, so the balance is forgiven once the program's conditions are met. Repayment is triggered by If property sold or disposed of during the loan period, full Note value repayable at closing. Annual primary-residence certification required. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Camden County First-Time Homebuyers' Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Single parents or displaced homemakers may qualify even if they owned within the last 3 years. On credit, the program states: Program does not evaluate applicant credit; relies on first-mortgage lender underwriting. A homebuyer education course is required, through Minimum 8 hours of housing counseling from a HUD-certified agency (24 CFR part 214); certificate valid one year. Residency requirement: Purchase in Camden County excluding Camden City, Tavistock Borough, Pine Valley Borough. County residency at application not required. Citizenship or immigration status: Must be a U.S. citizen or legal resident.

Camden County First-Time Homebuyers' Program limits household income to 80% of the area median income, which varies by county and household size. Household income at/below 80% AMI (HUD HOME limits) for the Philadelphia-Camden-Wilmington PA-NJ-DE-MD MSA (Effective June 2024): 1 $64,250; 2 $73,400; 3 $82,600; 4 $91,750; 5 $99,100; 6 $106,450; 7 $113,800; 8 $121,150. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Camden County First-Time Homebuyers' Program caps the purchase price at $290,000. Eligible property types include Single Family, Townhouse, 2-4 Unit, Condo, and Manufactured. New construction is not eligible. Manufactured homes are eligible.

Camden County First-Time Homebuyers' Program serves homebuyers purchasing in Camden County, New Jersey.

Applications for Camden County First-Time Homebuyers' Program go through Camden County Improvement Authority (CCIA) with Camden County Dept. of Community Development, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.