Down Payment Assistance - Perth Amboy
💰 Program Overview
The City of Perth Amboy offers Down Payment Assistance ranging from
$10,000 up to $14,000 to help first-time homebuyers purchase a home.
This program is designed for those planning to live in an owner-occupied one- or two-family home located within Perth Amboy.
✅ Eligibility Requirements
- First-time homebuyer purchasing in Perth Amboy only
- Must buy an owner-occupied one- or two-family home
- Meet HUD low/moderate-income guidelines
- Complete a homebuyer course from a HUD-certified agency
- Homes built before 1978 require lead-based paint assessment and clearance
🏠 Property Guidelines
Eligible homes must be:
- Located within the City of Perth Amboy
- Owner-occupied
- Either single-family or two-family homes
🎓 Homebuyer Course
All applicants must attend a Homebuyer Education Course offered by a
HUD-certified agency. This course provides critical information to ensure buyers are well-prepared.
📜 Lead-Based Paint Assessment
If the home was built before 1978, it must pass a lead-based paint inspection and receive clearance.