The Atlantic County Improvement Authority (ACIA) has a program to help home buyers with down payment and closing costs. 

To Qualify you must:

• Have resided in Atlantic County for the last 12 months or are employed in Atlantic County
• Have not owned a home in the last three years.
• Have acceptable credit history and be able to obtain a mortgage.
• Have incomes below 80% of median income (effective February 13th, 2008)

Number of household members:            80% of Median income

                   1                                       $36,500

                   2                                       $41,700

                   3                                       $46,950

                   4                                       $52,150

                   5                                       $56,300

                   6                                       $60,500

                   7                                       $64,650

                   8                                       $68,850

Eligible Properties:

1. Single family residences in Atlantic County excluding Atlantic City.
2. Sale price can't exceed $200,000.
3. Property must meet all requirements for an approved mortgage.

The program is designed to help pay closing costs and down payment up to $20,000.  These funds will be forgiven after 5 or 10 years. Funds are limited and may not be garanteed if funds are low.

Contact me at 609-916-7342 ext 704 for more details on this program and other down payment grant and assistance programs.  Or contact Annie Reid at the Atlantic County Improvement Authority at 609-645-5838.