In partnership with Hudson County Economic Development Corporation, Address Yourself is now offering $15,000 in down payment assistance to qualified veterans looking to purchase a home in Hudson County, NJ. These grants can be used to pay VA funding fees, down payments, or closing costs. Our program works perfectly for Veterans who want to use their VA benefits to purchase a home. VA benefits allow any Veteran to purchase a home with no money down besides a 2.2% funding fee. Using our down payment assistance program, we’ll pay it for you. How does it work? Check out our example below.
For a $200,000 home, a veteran using their VA benefits would need to save $4,400 – 2.2% of the price of the home. You can add “closing costs” – or the costs that you pay your lender to get a loan, like application fees, home inspections, appraisals, etc – to the amount that you need to save, too. These can be as much as $10,000! In total, that would mean that you would need to save up $14,400 in order to buy a home using your VA benefits. Saving $14,400 could take a while! Fortunately, Address Yourself’s down payment assistance program is offering $15,000 to veterans to pay their VA funding fees and closing costs. That’ll take care of all the money you’ll need to save and leave $600 besides. The best part? That extra $600 can also contribute to any down payments the Veteran would like to make against their mortgage loan.
The “Address Yourself” program brings together multiple non-profit partners to make a positive difference. Our program educates, finances, and enables working families and individuals looking to take their next step in the journey to homeownership. If you’re interested in our program but don’t feel you’re ready for homeownership, we encourage you to call 732-640-2061, ext. 310 to discuss your homeownership goals. We offer free credit repair, housing counseling, and access to sustainable mortgage products. All to prepare you for successful homeownership.
Veterans looking to purchase a home in Hudson County may have access to up to $15,000 in down payment assistance to put you and your family in the house that fits you. We encourage you to call 732-640-2061 ext.310 or ext.116 to get started, or for more information about our program. We promise to get you the right support, and soon enough you’ll be able to Address Yourself. Alternatively, fill out this online form (here) to submit your contact information and schedule a call with our Address Yourself team.