If you live in one of the nine counties hardest hit by Hurricane Sandy, you may be eligible for a $50,000 loan that will be forgiven.
The nine counties included are: Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean and Union Counties.
Here’s the Kicker, you will need a 620 credit score as one of the qualifiers for this program. You will have to reside in the home for five years and the loan will be forgiven. The State’s goal is to assist 500,000 homeowners. The program will officially open in 90 days.
Here’s the link to get an early jump:
http://www.renewjerseystronger.org/about-the-sandy-homebuyer-assistance-program
Good Luck!