35 Municipal Drive Lumberton, NJ 08048 • (609) 267-3217
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Hours of Operation

Municipal Building 
Monday - Friday 8:00am to 4:00pm

Registrar of Vital Statistics
Monday - Friday 8:00am to 4:00pm

Tax Assessor
Wednesday Only 9:00am to 4:00pm

Tax Collector
Monday - Friday 8:00am to 4:00pm

Notary Public
Monday - Friday 8:00am to 4:00pm

 

Burlington County First Time Home Buyer Program

Introduction to the Burlington County First Time Home Buyers Program

First Time Home Buyer Program

Where do I start?

   #1  First step – Set up appointment for First Time Homebuyer (FTHB) course. At the end of the course you will receive a certificate in which you will give a copy to your lender who will then forward a copy onto me.

  #2  Start saving towards your 3% down payment! (Purchase price X 3%)

  #3  Call a lender from our list to see how much of a mortgage you qualify for based on your income. This will decide your price range in looking for a home.   When you are ready to buy and are rate shopping do not call more than three lenders within a 14 day period or this may pull down your credit score.

 #4   To look for a home, check out the state website www.njhrc.gov click on find housing then for sale. Look at Burlington County. If you see a property that you’re interested in, print out the application and mail it into the state. NJ Housing is mandated to pull names by lottery. The more lists you’re on the better chance you’ll have.  Check with local realtors, individual townships and newspapers.  If you see a new development going up stop in their sales office to see if they have any affordable units and put in an application. For Delran, Delanco and Florence check out www.piazza-and-associates.com and on the toolbar click on News and Info.

 #5  Start setting up a file to collect all your paperwork for mortgage application. Files need to consist of your last 2 months pay stubs, your last 4 months of bank statements for each account and last 2 years tax returns. Proof of any additional income such as child support. Copy of divorce decree.   Certificate from a First Time Home Buyer class.

#6   Once you find a home, call your lender to get your mortgage pre-approved.  Once it’s preapproved call 609-265-5450 or email me at skeesler@co.burlington.nj.us and give me your lenders name, email address, phone number and also your realtors email address.   I will then email your lender a referral form which lists all documents needed. Since the appraisal, title report and commitment take longer to process they can be sent at a later date. Once documents are received from your lender I will call you to come in and sign my application from that point it takes  45-60 days to  schedule your closing.

#7    Settlement… Sign all mortgage documents! Congratulations you now own your first home.

Congratulations!

Wishing you Happiness in your New Home!

609-265-5450

 

Burlington County

First Time Home Buyer Program

HUD Income Guidelines 2020-2021

For Closing Cost and Down Payment Assistance  

Up to $4,000 for Closing Cost plus another $5,000 in Down Payment Assistance.

 

 Size of                       Maximum Annual

 Household                 Gross  Income

    1                                   $54,150                                       

    2                                   $61,850                                         

   3                                   $69,600                                        

   4                                   $77,300                                         

   5                                   $83,500                                         

   6                                   $89,700                                         

   7                                   $95,900                                    

   8                                   $102,050      

                                                      

*Note: Closing Cost Assistance is a six year forgivable loan at 0% interest.. Should applicant move or sell before the end of the six year period, the loan will become payable in full.

*Down Payment Assistance is not a forgivable loan. It will become due and payable in full when property is sold or not owner occupied.      

 Effective July 1, 2020