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Get Matched Free →Monmouth County First-Time Homebuyer Program
Funding status: Active
How much assistance
Up to $10,000
Interest-free deferred second mortgage forgiven after 5 years of owner-occupancy.
Eligibility
- Income limits: At or below 80% of Area Median Income (AMI)
- Purchase price limit: $337,000
- First-time buyer required: Yes — Must not have owned a home in the past 3 years. Must be a Monmouth County resident for at least 1 year prior to application.
- Geographic restrictions: Property must be located in Monmouth County.
- Homebuyer education required: Yes
How to Apply for Monmouth County First-Time Homebuyer Program
Download the application from the Monmouth County Planning Board website. Complete a HUD-approved pre-purchase housing counseling course before signing a purchase contract. Submit lender pre-approval letter and signed sales contract with the application. Close with both first and second mortgages.
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