The Orchards - Affordable Homes for Sale in Holmdel

Affordable Homes for Sale in Holmdel:

Affordable Homes for Sale in Holmdel, Monmouth County, New Jersey

Availability:

Preliminary Applications are now being accepted for affordable homes for sale in Holmdel. Units listed for sale are listed below. There is currently no waiting list for most units. If your household size and income matches a unit available, you will be contacted by a case manager within approximately one week. Additional units may become available so please submit a Preliminary Application to be contacted when units become available in the future.

Income Limits:

Maximum Income Limits

Number of Persons in Household

Very Low

Low

Moderate

1

$19,449

$32,415

$51,864

2

$22,227

$37,046

$59,273

3

$25,006

$41,676

$66,682

4

$27,784

$46,307

$74,091

5

$30,007

$50,012

$80,019

6

$32,230

$53,716

$85,946

Obtaining a Mortgage

Interested buyers must be able to secure financing.  The complex is FHA approved.  You may work with any lender.  Below is the contact information for a lender that buyers have worked with recently.

  • Advisors Mortgage Group, LLC, Nick Rosetti,  nrosetti@advisorsmortgage.com, 732-695-6034×162 (office)
  • M&T Bank, Dwain Drinkard, 609-524-7175, ddrinkard@mtb.com. Minimum credit score required by bank to qualify for mortgage is 680.  
  • Investors Savings Bank, Kathryn Schulfhafer, 732-371-7305, kschulhafer@myinvestorsbank.com. Minimum credit score required by bank to qualify for mortgage is 620.  

Closing Attorney

Most buyers and sellers utilize their own attorney to assist them in this important real estate transaction.  Below is the name of an attorney that is familiar with affordable housing closings*.

* Please note:  CGP&H maintains this list attorneys only as a convenience for buyers and sellers of affordable housing.  CGP&H does not make any representation or give any warranty regarding their qualifications, competence or suitability. CGP&H does not recommend any particular attorney on the list and the attorneys on the list are not ranked in any particular order.  CGP&H receives no compensation from the attorneys on the list.  Buyers and sellers are free to select any attorney to represent them, whether or not on the list.

Down Payment Assistance

Starting May 5, 2014, the Monmouth County First Time Homebuyer Program is accepting applications.  Please contact Debra Dovedytis at debra.dovedytis@co.monmouth.nj.us or 732-431-7460 for more information.

How to Apply:

Click here to complete the Preliminary Application on-line.  Completing the Preliminary Application on-line is fast and simple.  If you have already submitted a preliminary application, email homes@cgph.net if your are interested in a property posted here.

63 Durant

  • 2 bedroom, 1 bath Condominium
  • $110,021 maximum sale price
  • Restricted to Moderate Income households (see income limits above)
  • Second Floor home
  • Central air conditioning
  • Stove, refrigerator, and dishwasher included in the sale price.

3 Durant Avenue

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basketball courts bathroom carpet ceiling fan front door kitchen 1 kitchen 2 tennis courts

  • 1 bedroom, 1 bath Condominium
  • $87,702 maximum sale price
  • Restricted to Low Income households (see income limits above)
  • First Floor home
  • Central air conditioning
  • Built in 1998
  • Stove, refrigerator, washer, dryer, and dishwasher included in the sale price.

23 Alpine Road

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bathroom bedroom 2 kitchen 2 kitchen livingroom 2 livingroom master bedroom

  • 2 bedroom, 1 bath Condominium
  • $108,423 maximum sale price
  • Restricted to Moderate Income households (see income limits above)
  • Second Floor home
  • Central air conditioning
  • Built in 1993
  • Stove, refrigerator, washer, dryer, and dishwasher included in the sale price.

 32 Stagecoach Drive

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  • 3 bedroom, 1 bath Condominium
  • $172,237 maximum sale price
  • Restricted to Moderate Income households (see income limits above)
  • First Floor home
  • Central air conditioning
  • Built in 1994
  • New dishwasher, new wood flooring, and new hot water heater

21 Bristel Road

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DSC_0072 DSC_0073 DSC_0086 DSC_0085 DSC_0084 DSC_0082 DSC_0075 DSC_0088 DSC_0067 DSC_0068

  • 1 bedroom, 1 bath Condominium
  • $116,061 maximum sale price
  • Restricted to Moderate Income households (see income limits above)
  • 2nd floor unit
  • 655 square feet

75 Durant Avenue – Under contract and not available for viewing pending sale

  • 3 bedroom, 1 bath Condominium
  • $118,987 maximum sale price
  • Restricted to Moderate Income households (see income limits above)
  • Second Floor home
  • Central air conditioning
  • Built in 1993
  • Stove, refrigerator and dishwasher included in the sale price.