A Message from Red Bank Mayor Pasquale Menna: If you are one of the 50,000 people working in Red Bank, then the "Live Where You Work" Program is a wonderful way for you to become a Red Bank homeowner. I welcome you to take advantage of this program so you can reduce your commuting expenses and enjoy free time experiencing what Red Bank has to offer.
What is Red Bank's "Live Where You Work" program? Live Where You Work - Red Bank is a special homebuyer incentive program that provides low-interest mortgage loans to homebuyers who work in and who are looking to purchase a home in the Borough of Red Bank.
Mission: The homebuyer program builds strong communities and promotes sustainable land use by encouraging people to live close to their places of employment.
What are the benefits of Red Bank's "Live Where You Work" program? 
- Low-interest mortgages for homebuyers
- Downpayment and closing cost assistance for the purchase of a home
- More flexible underwriting criteria for the loan qualification process
- Additional savings offered by local businesses in partnership with the Borough of Red Bank.
Maximum Income Limits for the Borough of Red Bank (Interest rates will vary depending on income)
Family Size
1-2 person household . . .$ 88,200
3+ person household . . . $ 101,430
Maximum Purchase Price Limits for the Borough of Red Bank
1 Family . . . . . . . . . . . . . $ 429,619
2 Family . . . . . . . . . . . . . $ 550,005
3 Family . . . . . . . . . . . . . $ 664,828
4 Family . . . . . . . . . . . . . $ 826,218
For complete information, how to apply and a list of my picks for the best deals in Red Bank, call me at 732-768-1068.
East of Broad Street Single Family: http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937341
West of Broad Street Single Family http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937344
Multi-Family - Borough Wide http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937348
With interest rates so low and with the help of a program like this, you can own your own home by starting with a call to me at 732-768-1068.
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