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Currently in Neptune Township

PART TIME CUSTODIAN POSITION
(January 30th, 2012)
Position Available Black Seal licensed custodian, part time, in our Building Maintenance D...

2012 Tax Notice
(January 25th, 2012)
Said properties will be sold subject to redemption at the lowest rate of interest, but i...

Support the Scarlet Fliers Football Team
(January 25th, 2012)
Support the football team secure their STATE CHAMPIONSHIP RING!

NJ HomeKeeper Program
(January 24th, 2012)
The program offers financial help to homeowners who are in danger of losing their home as ...

Master Plan
(January 15th, 2012)
Click on the links below for the Master Plan and Figures. Following is a memo sent to the ...

NJNG SAVEGREEN Project Extended
(January 11th, 2012)
The SAVEGREEN Project has submitted a filing to the Board of Public Utilities (BPU) to ext...

LIVE WHERE YOU WORK

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: