“Live Where You Work” Program
Cherry Hill and Edgewater Park recently joined a state home ownership program where first-time homeowners can receive low-interest, 30 or 40 year fixed-rate loans and assistance with closing costs and mortgage down payments in exchange for buying a home in the town where they work. The goal of the program is to increase homeownership while easing congestion on the roads.
Under the “Live Where You Work” program, eligible properties include one-family units, condominiums, and 2- to 4-family unit properties that are more than 5 years old and located in a state-designated Smart Growth area. In the Burlington and Camden counties, households of up to two people earning up to $85,600 and larger families earning up to $98,440 qualify to participate. For more information on the ‘Live Where You Work’ program, visit Cherry Hill and Edgewater Park recently joined a state home ownership program where first-time homeowners can receive low-interest, 30 or 40 year fixed-rate loans and assistance with closing costs and mortgage down payments in exchange for buying a home in the town where they work. The goal of the program is to increase homeownership while easing congestion on the roads.
Under the “Live Where You Work” program, eligible properties include one-family units, condominiums, and 2- to 4-family unit properties that are more than 5 years old and located in a state-designated Smart Growth area. In the Burlington and Camden counties, households of up to two people earning up to $85,600 and larger families earning up to $98,440 qualify to participate. For more information on the ‘Live Where You Work’ program, visit http://www.state.nj.us/dca/hmfa/consu/buyers/close/live.html
Terry Iwaniw
REALTOR Associate
ReSales & Investment Realty, LLC
Off: 856-795-3111 x263
Cell: 609-417-1086
http://www.sellmysnjhome.com
http://snjrealestate.ning.com
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