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First Time Home Buyer Program!



 

There are fifty nine homes on the market in West Milford that qualify for no money down mortgages! The USDA Rural Development has a program available for first time buyers with little cash and the West Milford area qualifies for this program. At the bottom of this note you will see a list of homes on the market with the monthly payment required for purchasing each home. Some of the USDA guidelines are listed below.

QUALIFICATIONS

 

  • A first time homebuyer is any one that has not owned a property in the last 3 years.
  • Property can be single family, condos, or 2 to 4 family homes in certain areas of NJ
  • Buyer must have a 620 or higher credit score. No exceptions.
  • Home must be a primary residence. No investment homes allowed.
  • UP TO 100% of the Purchase Price can be financed.
  • Up to 4% grant for closing costs and 3% sellers concession.
  • You can buy the home with as little as 100 dollars in the bank.
  • Rate is currently 4.5% with 0 Points,  30 Year fixed.

 

MAXIMUM PURCHASE PRICE PER COUNTY

 

  • Max Purchase Price for Bergen and Passaic County is 429,619.

 

MAXIMUM INCOME LIMITS PER COUNTY

 

  • Maximum Income Limits are based on family size living in home.
  • Bergen and Passaic County: 1 to 2 Family Members = $92,200
  • 3 or more family members = $106,030

 

 

Town

Bedrms

Baths

List Price

Monthly Pymnt

west milford

4

2.5

$  398,000.00

$2,259.80

west milford

4

3

$  395,000.00

$2,242.77

west milford

2

2.5

$  389,000.00

$2,208.70

west milford

3

2.5

$  385,000.00

$2,185.99

west milford

3

2.5

$  379,900.00

$2,157.03

west milford

3

1.5

$  375,000.00

$2,129.21

west milford

3

1, 2 half

$  369,900.00

$2,100.25

west milford

3

2

$  369,900.00

$2,100.25

west milford

4

2.5

$  369,900.00

$2,100.25

west milford

3

4

$  365,000.00

$2,072.43

west milford

5

2.5

$  350,000.00

$1,987.26

west milford

3

1.5

$  349,000.00

$1,981.58

west milford

2

2.5

$  335,000.00

$1,902.09

west milford

3

3.5

$  335,000.00

$1,902.09

west milford

4

2.5

$  329,000.00

$1,868.03

west milford

3

3.5

$  325,000.00

$1,845.31

west milford

2

1

$  325,000.00

$1,845.31

west milford

4

1.5

$  325,000.00

$1,845.31

west milford

3

2

$  325,000.00

$1,845.31

west milford

4

2

$  319,999.00

$1,816.92

west milford

2

3.5

$  319,000.00

$1,811.25

west milford

4

2

$  310,000.00

$1,760.15

west milford

4

2

$  300,000.00

$1,703.37

west milford

2

2.5

$  299,900.00

$1,702.80

west milford

4

1

$  299,900.00

$1,702.80

west milford

3

2

$  299,900.00

$1,702.80

west milford

3

1.5

$  299,900.00

$1,702.80

west milford

2

2

$  299,000.00

$1,697.69

west milford

3

2.5

$  299,000.00

$1,697.69

west milford

2

1.5

$  290,000.00

$1,646.59

west milford

3

2

$  285,000.00

$1,618.20

west milford

3

2

$  283,900.00

$1,611.95

west milford

3

3

$  283,000.00

$1,606.84

west milford

3

2

$  279,900.00

$1,589.24

west milford

6

3

$  279,900.00

$1,589.24

west milford

3

1.5

$  279,900.00

$1,589.24

west milford

4

1.5

$  279,000.00

$1,584.13

west milford

3

1.5

$  275,000.00

$1,561.42

west milford

2

1

$  275,000.00

$1,561.42

west milford

3

1.5

$  269,000.00

$1,527.35

west milford

3

2.5

$  267,900.00

$1,521.11

west milford

3

1.5

$  267,900.00

$1,521.11

west milford

4

3

$  265,000.00

$1,504.64

west milford

3

2.5

$  265,000.00

$1,504.64

west milford

4

1.5

$  259,900.00

$1,475.68

west milford

2

1.5

$  259,000.00

$1,470.57

west milford

3

1

$  259,000.00

$1,470.57

west milford

4

2

$  255,000.00

$1,447.86

west milford

3

2

$  250,000.00

$1,419.47

west milford

3

2

$  250,000.00

$1,419.47

west milford

2

1

$  250,000.00

$1,419.47

west milford

2

1.5

$  250,000.00

$1,419.47

west milford

4

3.5

$  250,000.00

$1,419.47

west milford

3

2.5

$  249,900.00

$1,418.90

west milford

4

2

$  249,000.00

$1,413.79

west milford

2

1.5

$  248,000.00

$1,408.12

west milford

3

2

$  245,000.00

$1,391.08

west milford

2

2.5

$  245,000.00

$1,391.08

west milford

2

1.5

$  245,000.00

$1,391.08

 

 

 

 

 

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