NJCC Statewide Down Payment Assistance Program

NJCC Statewide Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Statewide, New Jersey. The NJCC Statewide Down Payment Assistance Program is the flagship statewide DPA grant operated by NJCC's Address Yourself(TM) program. Available to income-eligible first-time buyers purchasing a 1-4 family primary residence anywhere in New Jersey, the program provides $5,000 - $30,000 in DPA depending on need. Buyers must earn less than 100% of the HUD area median income for their county and household size, and the maximum purchase price is $625,000. Funded in partnership with a variety of lenders and funders. Structured as a 5-year forgivable second mortgage at 0% interest. Provides $5,000 - $30,000 in down payment and closing cost assistance grants to income-eligible first-time buyers purchasing a primary residence anywhere in New Jersey, depending on need. Forgivable over 5 years (20% per year), 0% interest, no monthly payment. Los fondos provienen de Nonprofit, CDFI, Bank y Foundation.

NJCC Statewide Down Payment Assistance Program se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale, refinance (without subordination), or property no longer used as primary residence prior to 5-year forgiveness y balance forgiven 20% per year. La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

NJCC Statewide Down Payment Assistance Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Standard 3-year first-time homebuyer rule. Sobre el crédito, el programa indica: Per first-mortgage product overlay (typically 620+ FICO). Se requiere un curso de educación para compradores de vivienda, a través de NJCC- and HUD-approved housing counseling agencies; pre-purchase counseling certificate (within 1 year) required. Requisito de residencia: Property must be located in New Jersey and used as the borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen, qualified non-citizen, or ITIN holder eligible. Must be a first-time homebuyer (no ownership in past 3 years) purchasing a 1-4 family primary residence anywhere in New Jersey. Must enroll in the Address Yourself homeownership program, complete HUD-approved pre-purchase counseling, and be preapproved with one of NJCC's approved lenders. ITIN holders are eligible. Must be under contract before applying. Maximum purchase price $625,000.

NJCC Statewide Down Payment Assistance Program limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Up to 100% of HUD Area Median Income (AMI) by county and household size. Statewide range across all counties and household sizes (2025 HUD): low end ~ $59,500 (1-person, lowest county) up to ~ $188,700 (8-person, highest county). Income limits increase with household size; see the NJCC NJ 100% AMI table. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

NJCC Statewide Down Payment Assistance Program limita el precio de compra a $625,000. Los tipos de propiedad elegibles incluyen 1-4 family residential property occupied as primary residence. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

NJCC Statewide Down Payment Assistance Program atiende a compradores de vivienda que compran en Statewide, New Jersey.

Las solicitudes de NJCC Statewide Down Payment Assistance Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Reserved through Address Yourself online application process once borrower is enrolled, preapproved, and under contract; funds disbursed to settlement agent at closing. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.