WSFS Down Payment Grant Program

WSFS Down Payment Grant Program is a grant for homebuyers in Burlington; Camden County, New Jersey, administered by WSFS Bank (WSFS Mortgage). The WSFS Down Payment Grant Program offers qualified borrowers up to $5,000 in assistance toward down payment and/or closing costs, with no required repayment. To qualify, total household income must be at or below 100% of the census-tract Area Median Income and the property must be located in a Majority-Minority Census Tract. In New Jersey, eligible counties are Burlington and Camden; the program is funded through an annual WSFS commitment ($1.5 million in 2025). Up to $5,000 grant. No repayment required. Combinable with other DPA programs and WSFS Neighborhood Opportunity Program. 6% seller's assist allowed. Funding comes from WSFS Bank (CRA / Community Reinvestment); $1.5 million committed for 2025 program year.

WSFS Down Payment Grant Program offers up to $5,000 in assistance. The program can be combined with WSFS Neighborhood Opportunity Program; other DPA/closing-cost grant programs (leveraged first). Amounts are the program's published maximums, not an offer — WSFS Bank (WSFS Mortgage) determines any individual award.

WSFS Down Payment Grant Program is structured as a grant, so it is not repaid. Repayment is triggered by No required repayment of grant funds. The assistance is recorded in None (grant) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

WSFS Down Payment Grant Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Subject to credit approval; specific minimum not published. A homebuyer education course is required, through WSFS homebuyer education programs to prepare first-time homebuyers. Property must be in a Majority-Minority Census Tract in Burlington or Camden County (NJ). Household income at or below 100% of census-tract AMI. A 1099-MISC is issued on awarded funds. Available only through WSFS Mortgage. Funds are limited and awarded while available.

WSFS Down Payment Grant Program limits household income to 100% of the area median income, which varies by county and household size. Total household income must be at or below 100% of the Area Median Income (AMI) of the census tract, based on HUD-published 1-to-4 household member AMI. 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.

WSFS Down Payment Grant Program can be used for Primary residence.

WSFS Down Payment Grant Program serves homebuyers purchasing in Burlington; Camden County, New Jersey. The program targets specific areas: Eligible NJ counties: Burlington and Camden. Property must be in a Majority-Minority Census Tract within those counties.

Applications for WSFS Down Payment Grant Program go through WSFS Bank (WSFS Mortgage), which publishes the current terms and the application steps on its own site. Funds are reserved through Grant funds awarded while funds last for the award program year; apply through WSFS Mortgage. 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.