Check Out New Jersey's "LIVE WHERE YOU WORK" Mortgage Financing Program...

What is the Live Where You Work Program?

Live Where You Work (LWYW) is a special homebuyer incentive program for people who want to buy a home in the (New Jersey) town where they work. It is a fair, reliable, fixed rate mortgage loan for first-time and urban homebuyers.

The goal of LWYW is to build stronger communities by promoting homeownership and encouraging people to live closer to their jobs. This, in turn, will reduce the need for cars and increase the use of alternative transportation such as walking, biking and public transit.

If you would like to buy a house in the town where you currently work, then LWYW might be right for you. Employees benefit from attractive mortgage rates, more flexible loan application review and underwriting criteria, and reduced commuting times to work. Municipalities benefit from having a committed workforce living nearby, and the activity and economic vibrancy that comes with people living near where they work.
 

Benefits of the Live Where You Work Program

• 5% downpayment and closing cost assistance at 0% interest that is forgiven if the homeowner lives in the home for 4 or 7 years depending on income
• More flexible underwriting (relaxed debt to income ratios in recognition of the cost savings of not having to commute to work)
• Competitive first mortgage rates

For more information, visit our Live Where You Work website or call 1-800-NJ-HOUSE