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WSFS Down Payment Grant Program

WSFS Bank (WSFS Mortgage) · Burlington; Camden County, New Jersey

Last verified
See what you qualify forOfficial program site →
Assistance

$5,000

The maximum the program publishes — not an offer

Income limit

100% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is 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.

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

WSFS Down Payment Grant Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Subject to credit approval; specific minimum not published.
  • A completed homebuyer education course, through WSFS homebuyer education programs to prepare first-time homebuyers.
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. 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.

The program excludes

  • Households above 100% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

WSFS Down Payment Grant Program serves buyers 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.

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, through WSFS homebuyer education programs to prepare first-time homebuyers..

  2. Contact WSFS Bank (WSFS Mortgage) to reserve funds

    Funds are reserved through Grant funds awarded while funds last for the award program year; apply through WSFS Mortgage., and are subject to availability.

  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.

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