SEARCH
 

Sign Up to Receive Emails
(December 31st, 2010)
Sign up for our Email Blasts

Bradley Park Neighborhood Meeting
(March 20th, 2010)
Meet your neighbors March 20th at 10 am in the municipal building.

Change Clocks, Check and Update Plans
(March 14th, 2010)
On Sunday, March 14, 2010 when we turn our clocks forward, Colonel Rick Fuentes, Superinte...

Updated Tax Sale
(March 11th, 2010)
NOTICE OF LIEN SALE OF PROPERTY FOR NON-PAYMENT OF TAXES, ASSESSMENTS AND OTHER MUNICIPAL...

Invitation to Bid
Sanitary Sewer Improvements
(March 11th, 2010)
Work shall consist of approximately 550 linear feet of 8" PVC pipe, 2 manholes, 8 sewer la...

Invitation to Bid:
Pre-Engineered Floating Dock System
(March 11th, 2010)
Work shall consist of Construction and delivery of Pre-Engineered Floating Dock System, ac...

Families Talking
March 23
(March 11th, 2010)
Get your family talking about the latest trends in the illegal drug market.

Invitation to Bid
Wet Well Improvements
(March 11th, 2010)
WORK SITE: Pennsylvania Avenue Pump Station located between Inskip Avenue and Ballard Bo...

Children Celebrate Dr. Seuss and Books
(March 8th, 2010)
Over 160 children and adults enjoyed Dr. Seuss' birthday and the kick-off of the Mayor's B...

Winter Preparedness
(February 12th, 2010)
Tips offered by the NJ Office of Emergency Management

Residents May Be at Risk for Weather Related Carbon Monoxide Poisoning
(February 5th, 2010)
With today’s winter weather conditions and the threat of a snow storm hitting New Jersey ...

2010 Paint and Rehab Program
(January 28th, 2010)
Applications for the 2010 Paint and Rehab Program are now available.

Weekend Bin Available at Yard
(January 22nd, 2010)
A second bin for weekend only collection has been added

Medical Supplies Needed
(January 21st, 2010)
A call has gone out for donations of simple medical supplies that will be sent to Daysprin...

Help for Haiti
(January 19th, 2010)
Our thoughts and prayers are with their families and friends, both worldwide and here in t...

NJOEM Encourages Winter Weather Preparedness
(December 17th, 2009)
General winter weather preparedness tips from the NJ Office of Emergency Management and a ...

New Jersey Flu Center
(October 28th, 2009)
For up-to-date information about influenza, including seasonal and H1N1, click on the Depa...

Attention Bradley Park Residents
(October 14th, 2009)
Beginning Monday October 19, 2009, the following grant applications will be available from...

Shark River Bay
Dredging Plan
(November 13th, 2008)
Please note this is a large file (68 pages) and will take time to download.

Live Where You Work

March 2nd, 2009

What is Live Where Your Work- Neptune?

Live Where You Work is a special home mortgage incentive program that provides low-interest mortgage loans to people who work in Neptune and who are looking to purchase a home in Neptune.

  • Strengthen our neighborhoods and increase community involvement through homeownership
  • Attract individuals who work in Neptune to also live in Neptune
  • Develop positive relationships between Neptune and members of the local business and residential communities.

    What are the Benefits of the LWYW Program?

  • Low-interest mortgage for homebuyers
  • More flexible underwriting criteria for the loan qualification process
  • Downpayment and closing cost assistance of up to 5% of the mortgage amount of a home located with a Smart Growth Area. This assistance does not have to be repaid if you live in the house for more than seven years.
  • To determine whether a home is in a Smart Growth Area, go to www.nj.locator.gov.  Choose HMFA Program Eligibility Tool and enter the property address.

    Expanded Benefits for Urban Target Area Buyers
  • Homebuyers do not have to be first time home buyers
  • Expanded maximum income limits and purchase price limits

MAXIMUM INCOME LIMITS FOR NEPTUNE+

Family Size

City Wide

Urban Target Area

1-2 person household

$85,000

$102,00

3 + person household

$97,750

$119,00

MAXIMUM PURCHASE PRICE LIMITS FOR NEPTUNE *

House Type

City Wide

Urban Target Area

New 1 family

$429,619

$525,090

New 2 family

NA

$672,228

Existing 1 family

$429,619

$525,090

Existing 2 family

$550,005

$672,228

Existing 3 family

$664,828

$812,568

Existing 4 family

$826,218

$1,009,823

+These limits are set by the Federal government and are subject to change without notice.

*Subject to mortgage qualification based on household income and other factors. The size of the loan qualified for depends on borrower's income and may be significantly less than the maximum purchase price limit for the program

 

Urban Target Areas in Neptune

Parts of the following Neptune streets are eligible for UTA benefits
Anelve Ave Division Street Ivy Place Pharo Street
Asbury Ave Drummond Street Leonard Ave Ridge Ave
Atkins Ave Embury Ave McBride Ave Rutherford Ave
Bangs Ave First Street Memorial Drive Sewall Ave
Berkeley Lane Fisher Ave Milton Ave South Main Street
Borden Ave George Street Monroe Ave Stratford Ave
Bradfiske Ave Greenwood Ave Myrtle Ave Summerfield Ave
Columbus Ave Heck Ave Oak Street Washington Ave
Cordtland St Huntington Ave Oxonia Avenue West Lake Ave
      Whitesville Road

 

For more information on the LWYW Program:



« Back to News