Down payment assistance resources
Minimum credit scores varying depending on the property but most landlords and all lenders will check your credit score.
Most buyers and sellers utilize their own attorney to assist them in this important real estate transaction. Names of attorneys that are familiar with affordable housing closings are listed here.
Affordable home buyers must be able to secure financing. You may work with any lender. Below is the contact information for a lender that buyers have worked with recently.
25 Aug: What happens if I purchase or rent an affordable home and I get married or my income changes in the future?
The New Jersey affordable housing regulations do not require an annual certification. Your rent will not increase or decrease if your income changes after you move. Likewise, if you own an affordable home, you will not be required to sell your home if your household income increases.
Contacts for housing and credit counseling services
Affordable home buyers should be aware of the rules and regulations related to owning an affordable home.
22 Jul: What documents will I be required to submit when I am invited to submit a full affordable housing application?
List of required documents that are required to process a full affordable housing application.
The process of purchasing an affordable home
22 Jul: Can ownership of an affordable home be transferred to a non-income certified buyer? Who can inherit the home?
There are a few circumstances where ownership of an Affordable Unit can be transferred to another owner without the new owner being income certified.