The Road to Homeownership! The HOME Buyer Assistance Program loan may be used for the following: Joseph N. DiVincenzo, Jr. Essex County Executive Board of Chosen Freeholders • Down Payment Blonnie R. Watson • Closing Costs or Patricia Sebold • Mortgage Write Down President Vice President Rufus Johnson Gerald W. Owens D. Bilal Beasley Rolando Bobadilla Carol Y. Clark Leonard M. Luciano Brendan W. Gill H OMEBUYER A SSISTANCE P ROGRAM Please complete the application request and return it to: Essex County Division of Housing and Community Development 20 Crestmont Road Verona, NJ 07044 Anibal Ramos, Jr. Department Director Department of Economic Development, Training & Employment George F. Serio, Jr. Division Director Division of Housing & Community Development Division of Housing & Community Development “The strength of a nation derives from the integrity of the home.” -Confucius Essex%County%Homebuyer% Assistance%Program% (HAP)! The Homebuyer Assistance Program (HAP) provides deferred payment loans to low income to moderate income households who need assistance to purchase a 1 (one) family home, The Homebuyer Assistance Program is funded through the HOME Investment Partnership Program of the United States Department of REQUEST FOR HOMEBUYER ASSISTANCE PROGRAM (HAP) APPLICATION Date: ________________________________________ Housing & Urban Development (HUD). The Division of Housing and Community Development Name(s): _____________________________________ will make a no interest loan of up to Thirty thousand ______________________________________________ dollars ($30,000) to the homebuyer. Address: _____________________________________ Federal HOME dollars are used to provide deferred payment loans to eligible applicants for the purpose of purchasing an _____________________________________________ townhouse, or a condominium within the affordable housing unit. The purchase price of the home _____________________________________________ County of Essex. The home must be located in may not exceed $271,050 for a one family home. City/Town: _____________________ State: _______ one of the Nineteen (19) Municipalities in the Essex County Consortium. Zip Code: ______________________ 1. Down Payment: Qualified households are eligible to The following participating municipalities are: receive up to the maximum of $30,000 or 3.5% of the total sale price of the house (unless the required Belleville Montclair Bloomfield North Caldwell Caldwell Nutley Cedar Grove Orange Essex Fells Roseland Fairfield South Orange Glen Ridge Verona Livingston West Caldwell Maplewood West Orange Millburn down payment is less). The household must contribute at least 3.5% of the total sale price from their own funds. Secondary Phone: ______________________________ Marital Status (please check one): Single ___________ Married _________ Divorced ___________ Widow/Widower __________ Family Size: _______________ 2. Closing Costs: Qualified households will be eligible to receive up to the maximum of $30,000 for closing costs and down payment. 3. Mortgage Write Down: If the homebuyer does not require down payment or closing cost assistance, he How many people working? ________________ Source of Income: __________________________________________ __________________________________________ or she may use the Federal HOME funds to pay Annual Gross Income for Entire Household: down the first mortgage. $______________________ Signature (s): For additional information please contact: Mr. Rafael Romero, Loan Advisor Telephone: (973) 655-0200 ext. 315 Fax #: (973) 655-0983 E-mail: [email protected] Monday — Friday 9:00am - 5:00pm Daytime Phone: ________________________________ It is the responsibility of the applicant to apply x____________________________________________ x____________________________________________ for and obtain a first mortgage and pay all For Office Use Only: Date Received: ____/____/____ associated costs. Interviewer Signature: _________________________