The Sandy Homebuyer Assistance Program (the “Program”) will provide low and moderate income households the opportunity to purchase a home by providing a financial incentive. Qualified borrowers are eligible to receive a forgivable, INTEREST-FREE loan of up to $50,000!* There are no required monthly payments, and the loan is forgiven in full after five years.
This program will provide a forgivable subordinate mortgage. This means that as long as the applicant abides by the terms of the Sandy Homebuyer Assistance Program, including maintaining the home as their primary place of residence for a five (5) year period, the assistance will be forgiven. There are no monthly payments on this mortgage. However, applicants must qualify for a first mortgage to purchase the unit. Only HMFA-approved lenders such as Residential Home Funding can be used to obtain a first mortgage for this program.
To have a brochure emailed to you with in-depth details on the Sandy Homebuyer Assistance Program, as well as instructions on how to apply, please fill out the form below and monitor your email for correspondence from Residential Home Funding (RHF). RHF will also contact you in order to get you pre-qualified for the required first mortgage under the Program.
201 Tilton Rd.
Northfield, NJ 08225
Licensed by the NJ Department of Banking and Insurance #9964632