I would consider other options than the smart start program if you can qualify. Right now the Smart Start grant if you take the full 4%, will cost you 5.75% interest rate over the life of the loan. We offer a 2% credit at approximately a full 1% lower in interest rate over the life of the loan (depending on your qualifications).
The only difference with my program is the 2% credit is only applied to closing costs, not down payment. So if you can manage the down payment from your own saving, or gift, or 401k, our interest rate over time will save you much more.
Best of luck. Feel free to reach out to me to find out more.
Joseph S. Cordova
Trusted Mortgage Advisor
Evesham Mortgage, LLC
65 East Route 70, Plaza 70
Marlton, NJ 08053
856-985-9944 ext. 103 Tel