See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated March 29, 2026
Homebuyer Programs in Brick, NJ (2026)
Brick Township is one of Ocean County's largest communities, located along the Jersey Shore with a median home price around $480,000. While Brick does not operate its own township-level down payment assistance program, buyers here benefit from the Ocean County Consortium First-Time Homebuyer Program, which provides $15,000 as a deferred loan forgiven after six years, along with reduced bank fees and no mortgage points. At the state level, the NJHMFA Down Payment Assistance Program offers up to $15,000, with an additional $7,000 for first-generation buyers, and the NJCC Statewide DPA provides up to $30,000 in forgivable assistance. Buyers can also explore the Housing Partnership of New Jersey CDFI Homebuyer Loan for up to $20,000 in affordable financing. By combining county and state programs, Brick buyers could potentially access over $50,000 in total assistance toward homeownership.
County Programs in Ocean County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Ocean County First-Time Homebuyer Program | Forgivable Loan | $15,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- $15,000
- First-time only:
- Yes
State Programs in New Jersey
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLBNY Homebuyer Dream Program | Grant | Up to $30,000 | Yes | View → |
| NJCC Statewide Down Payment Assistance Program | Grant | Up to $30,000 | Yes | View → |
| NJHMFA Down Payment Assistance Program | Forgivable Loan | Up to $15,000: $15,000 in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Union counties; $10,000 in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem, Sussex and Warren counties | Yes | View → |
| NJHMFA First Generation Down Payment Assistance | Forgivable Loan | $7,000 | Yes | View → |
| NJHMFA First-Time Homebuyer Mortgage Program | Government-Insured Mortgage | 30-year fixed-rate FHA, VA or USDA first mortgage through NJHMFA participating lenders (rate quoted by lender); eligible for up to $15,000 NJHMFA down payment assistance | Yes | View → |
| NJHMFA HFA Advantage Mortgage Program | Government-Insured Mortgage | Competitive 30-year fixed-rate conventional mortgage | No | View → |
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000: $15,000 in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Union counties; $10,000 in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem, Sussex and Warren counties
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- $7,000
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- 30-year fixed-rate FHA, VA or USDA first mortgage through NJHMFA participating lenders (rate quoted by lender); eligible for up to $15,000 NJHMFA down payment assistance
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Competitive 30-year fixed-rate conventional mortgage
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Housing Partnership of New Jersey CDFI Homebuyer Loan | Zero-Interest Loan | Up to $20,000 | No | View → |
| NACA Best in America Mortgage Program | Zero-Interest Loan | No down payment, no closing costs, no fees, no mortgage insurance, below-market interest rate | No | View → |
| Northern Ocean Habitat for Humanity Homeownership Program | Zero-Interest Loan | Below-market-price home purchase with 0% interest mortgage | Yes | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Up to $20,000
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- No down payment, no closing costs, no fees, no mortgage insurance, below-market interest rate
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Below-market-price home purchase with 0% interest mortgage
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. The Ocean County Consortium First-Time Homebuyer Program requires low to moderate household income and Ocean County residency. You must have a steady employment history and be able to provide at least 3% of the sales price as a down payment, with 1% from your own funds. The purchase price cannot exceed $475,000.
Step 2: Complete homebuyer education. Attend O.C.E.A.N., Inc.'s HUD-Certified Homeownership Education Workshop, offered every three months. This is required for the county program. Contact the Housing Counseling Department at 732-244-5333 to register for the next available session.
Step 3: Contact O.C.E.A.N., Inc. Reach the Housing Counseling Department at 732-244-5333 to begin your application for the Ocean County Consortium First-Time Homebuyer Program. They administer the program and can walk you through the full application process.
Step 4: Get pre-approved for a mortgage. Work with an NJHMFA-approved lender to access state-level down payment assistance of up to $15,000 (or $22,000 for first-generation buyers). The Ocean County program works with participating lenders who offer reduced fees and no mortgage points.
Step 5: Find a home within program guidelines. The Ocean County program requires the home to be your primary residence, located within Ocean County, with a purchase price not exceeding $475,000. The home must remain your primary residence for the full 6-year grant period.
Step 6: Submit your applications and close. Once under contract, submit your DPA applications with all required documentation. The county program provides $15,000 as a deferred loan with no monthly payments, forgiven after 6 years of owner-occupancy. Allow adequate processing time and apply early in your home search.
Frequently Asked Questions
How much down payment assistance can I get in Brick?+−
Do I have to be a first-time homebuyer to qualify?+−
What is the maximum home price I can pay in Brick?+−
What homebuyer education is required?+−
How does the Ocean County forgivable loan work?+−
What are the estimated closing costs in Brick?+−
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