TD Bank HomeReady Grant

What is TD Bank HomeReady Grant?

TD Bank HomeReady Grant is a grant for homebuyers in Statewide County, New Jersey, administered by TD Bank, N.A.

• TD Bank offers a $2,500 grant (limited time) paired with the Fannie Mae HomeReady mortgage for borrowers with income <= 50% AMI where at least one borrower is a first-time buyer. No geographic restriction, so statewide in NJ. 3% down, 620 minimum credit. Applications on or before 1/29/2027.
• $2,500 grant (limited time).
• 3% down.
• Statewide (income-based).
• 620 min credit.
• Manufactured eligible.
• Funding comes from TD Bank (lender grant on Fannie Mae HomeReady).

How much assistance does it provide?

TD Bank HomeReady Grant offers up to $2,500 in assistance.

• Amounts are the program's published maximums, not an offer — TD Bank, N.A. determines any individual award.

Do you have to pay it back?

TD Bank HomeReady Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by None - grant, no repayment.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

TD Bank HomeReady Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

TD Bank HomeReady Grant limits household income to 50% of the area median income, which varies by county and household size.

• Qualifying income <= 50% of applicable AMI of the property location.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

TD Bank HomeReady Grant can be used for Single Family, Condo, 1-4 Family, and Manufactured.

• Manufactured homes are eligible.

Where does it apply?

TD Bank HomeReady Grant serves buyers purchasing in Statewide County, New Jersey.

How do you apply?

Applications for TD Bank HomeReady Grant go through TD Bank, N.A., which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved homebuyer education/counseling may be required.

2. 2

   Contact TD Bank, N.A. to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.