Purchase Criteria

If you would like to purchase an affordable unit at 307 Bergen Avenue, you must meet certain local and federal grant criteria, regarding

  • 1) income

  • 2) savings

  • 3) credit score

Please press the dropdown under the qualification page to learn more about these specific requirements.

Further, please find the applicant document checklist here.

[These documents will only be required if your preliminary application is deemed as eligible for the Waiting List]

Homebuyer Education

All eligible purchasers will have to satisfy one of the following requirements:

1) First Time Homebuyers, or buyers who have not owned a home in the past three recent years, must obtain a First Time Homebuyer Education (FTHE) Certificate from a H.U.D.-Approved Homebuyer Counseling Agency

2) Buyers who have owned a home in the past must obtain a Homebuyer Counseling Certificate from a H.U.D.-Approved Homebuyer Counseling Agency

Please find a link to some H.U.D.-Approved Homebuyer Counseling Agencies here.

NOTE*

Please note that if you have purchased a house in the past three (3) years, you are NOT eligible for the purchase of one of these affordable units.