AMERICAN DREAM DOWNPAYMENT. American Dream Downpayment Initiative (ADDI) program. Metuchen & Surrounding Areas in Middlesex County, NJ. The Smart Start Program and the American Dream. The American Dream Down Payment Program is. Middlesex County American Dream Downpayment Program The Middlesex County Division of Housing, Community Development & Social Services will award $5,0. US Dept. Applicants must be first time homebuyers and existing Middlesex County residents for a period of at least one year. Applicants must complete an in person, group homebuyer training course offered by a HUD approved housing counseling agency. Applicants are required to undergo budget review and individualized counseling as part of their application process. Applicants can only purchase a single family property. Eligible properties are detached homes, townhouses, condos, and co- ops. Applicants must have a mortgage pre- approval issued within the past 2 months. Applicant must purchase their single family housing in any Middlesex County municipality except New Brunswick and Perth Amboy (which are not in the HUD jurisdiction for this particular program.)7. Total household income can not exceed the following limits: One- person - $4. Five- person - $7. Two- person - $5. Six- person - $8. Three- person - $6. Seven- person - $8. Four- person - $6. Eight- person - $9. The property being purchased must meet HUD’s Housing Quality Standards and must also be certified free of lead based paint hazards if built prior to 1. Applicant must be putting down at least 1% of the purchase price from their own funds. Any co- signers of the primary mortgage must also be occupiers of the property being purchased. Assistance will be in the form of a deferred repayment mortgage, which doesn’t require payment of principal or interest by the homebuyers provided they own and live in the property for five years. Rios, Freeholder Director.
Newark American Dream Homeownership Program. American Dream Downpayment Initiative Application. American Dream Downpayment Initiative (ADDI) Program for Prince George's County Homebuyers. Receive Up to $15,000 for Down Payment from Participating Banks. Applicant must be putting down at least 1% of the purchase price from. MIDDLESEX COUNTY AMERICAN DREAM DOWNPAYMENT PROGRAM. American Dream Downpayment. HOME Program funds may be used to. Carol Bellante, Deputy Director. Kenneth Armwood. Charles Kenny. H. James Polos. Charles Tomaro.
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