Home Buying in 07036>Question Details

Raymond, Home Buyer in Linden, NJ

How does Smart Start work?

Asked by Raymond, Linden, NJ Sun Jul 21, 2013

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Ronald Sheedy’s answer

The Smart Start Program is available to participants in the New Jersey Housing and Mortgage Agency's First-Time Homebuyer program who are purchasing homes in Smart Growth Areas. The program helps these families by offering a second mortgage for downpayment and/or closing costs up to 4% of the first mortgage.

If I can be of any assistance to you for your real estate needs, please feel free to contact me at your convenience.

Ron Sheedy
(732) 239-7452
0 votes Thank Flag Link Sun Jul 21, 2013
Is this loan repaid or is like a grant? I have read that after a certain amount of years the loan is deemed satisfied.
Flag Wed Jul 24, 2013
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