The Homebuyer Dream Program provides down payment and closing cost assistance to low and moderate income families looking to purchase their first home.
The grant money of up to $10,000 can be used to pay $9,500 towards down payment and closing costs and $500 as credit towards an approved homeownership counseling program.
Eligibility Requirements include:
- Household is a first-time homebuyer
- Household income restrictions apply
- Purchase an eligible property in New Jersey
- Completion of homeownership counseling
Other restrictions may apply.