ELIGIBILITY To be eligible applicants must meet the very low and low income limits, adjusted for household size, established by the Department of Housing and Urban Development for the County and metropolitan statistical areas where the PROGRAM CRITERIA: property is or will be located. limits cannot exceed the maximum dollar limitation * be without housing established by County for the State of New Jersey. * occupy the home on a permanent basis NEW JERSEY * be unable to obtain from other sources on terms View Income Limits and Determine Eligibility ONLINE! and conditions they can reasonably be expected to http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do fulfill * have an acceptable and sufficient County Loan limits effective March 31, 2017 income to pay loan payments, premiums and assessments, and necessary living expenses COUNTY NEW/EXIST * be an adult under State law and possess the legal capacity to incur the loan obligation $218,300 * be a citizen of the United States or reside in the ATLANTIC SINGLE FAMILY HOUSING United States after having been legally admitted for BURLINGTON $220,200 DIRECT LOAN permanent residence CAMDEN $225,000 CAPE MAY $274,300 PROGRAM SUBSIDIZED FUNDS CUMBERLAND $198,500 Rural Development provides in rural areas to assist $229,300 Payment Assistance is available to applicants meeting the GLOUCESTER very low, low and moderate-income rural families in very low and low income. Payment Assistance is granted HUNTERDON $317,400 obtaining decent, safe, and sanitary housing. Rural areas annually which reduces the effective rate to a rate MERCER $279,400 include open country and places with population of 10,000 or less and under certain conditions, towns and cities equivalent to that relating to the borrower’s income range MIDDLESEX $285,700 or the amount of principal and interest due based on a between 10,000 and 35,000. MONMOUTH $300,000 minimum percentage of the borrower’s adjusted income ranging from 22% to 26% determined at the equivalent MORRIS $282,400 Loans may be used for construction, purchase, repair and or , whichever is greater, depending on the loan OCEAN $243,400 rehabilitation of existing housing in rural areas. amount and the size and income of the family. Payment PASSAIC $279,900 Assistance is subject to recapture upon sale or transfer STANDARDS SALEM $218,500 of the property. $300,000 TERMS SOMERSET Under the Section 502 program, housing must be modest in SUSSEX $252,100 size, design, and cost. Modest housing is property that is Loans are amortized for up to 33 years (38 for those with WARREN $298,800 considered modest for the area, does not have a market incomes below 60 % of AMI and who cannot afford 33- value in excess of the applicable area loan limit, and does year terms). The loan term is 30 years for manufactured not have certain prohibited features. Homes that are homes. The promissory note interest rate is determined constructed must meet the State of New Jersey model based on the Government’s cost of money. However, that building and energy codes and Manufactured Housing interest rate is modified by payment assistance subsidy. much meet the Federal Manufactured Home Construction and Safety Standards (FMHCSS) from approved Builders/Dealers.

“COMMITTED TO THE FUTURE OF RURAL COMMUNITIES” Revised 05/2017 NEW JERSEY ELIGIBLE AREAS

Atlantic County Cape May County Middlesex County Ocean County For more information, please contact your nearest USDA All of: Entire County except: All of: All of: Rural Development Office Borough of Buena Ocean City Cranbury Twp. Barnegat Twp. Buena Vista Twp. Wildwood City Helmetta Eagleswood Twp. Hackettstown Area Office Corbin City West Wildwood Jamesburg Lacy Twp. 101 Bilby Road, Suite 1H Egg Harbor City Wildwood Crest and contiguous Plainsboro Twp. Lakehurst Borough Estelle Manor portion of Lower Twp. Spotswood Little Egg Harbor Twp. Hackettstown, NJ 07840-1753 Folsom Borough North Wildwood Long Beach Island Communities (908) 852-2576 Hamilton Twp. Ocean Twp. Hunterdon, Morris, Passaic, Somerset, Sussex, Warren Mullica Twp. Plumsted Twp. Port Republic City Cumberland County Monmouth County Stafford Twp. Weymouth Twp. Entire County except: All of: Tuckerton Borough Columbus Area Office Portions of: Bridgeton Allentown 1971 Jacksonville-Jobstown Road Englishtown Egg Harbor Twp. Millville Passaic County Columbus, NJ 08022 Galloway Twp. Vineland Farmingdale West Millford Twp. Millstone Twp. (609) 267-1639 Roosevelt Burlington County Burlington, Mercer, Middlesex, Ocean, Monmouth Upper Freehold Twp Salem County All of: Gloucester County Entire County eligible Bass River Twp. All of: Portions of: Vineland Area Office Beverly Boro Clayton Colts Neck Twp. Burlington City E. Greenwich Twp. 1318 S. Main Road, Bldg. 5, eSui A t Holmdel Twp. Burlington Twp. Elk Twp. Vineland, NJ 08360 Wall Twp. Somerset County Delanco Twp. Franklin Twp. All of: (856) 285-7679 Eastampton Twp. Greenwich Twp. Bernardsville Borough Atlantic, Cape May, Cumberland Edgewater Park Twp. Harrison Twp. Bedminster Twp. Fieldsboro Logan Twp. Morris County Branchburg Twp. Florence Twp. Mantua Twp. All of: Far Hills Borough Woodstown Area Office Hainesport Twp. National Park Millstone Borough 51 Cheney Road, Suite 2 Lumberton Twp. Newfield Chester Montgomery Twp. Mansfield Twp. Paulsboro Woodstown, NJ 08098 Chester Twp. Peapack & Gladstone Borough Medford Lakes S. Harrison Twp. (856) 769-1126 Harding Twp. Rocky Hill Borough Medford Twp. Swedesboro Jefferson Twp. Camden, Gloucester, Salem Mount Holly Woolwich Twp. Kinnelon Borough Portions of: North Hanover Twp. Portions of: Mendham Bernards Twp. New Hanover Twp. State Office Monroe Twp. Mine Hill Pemberton Borough West Deptford Twp Mt. Arlington Twp. 8000 Midlantic Drive 50S Pemberton Twp. Mt. Olive Twp. Sussex County Mt. Laurel, NJ 08054 Riverside Twp. Netcong Entire county eligible Shamong Twp. (856)-787-7700 Hunterdon County Roxbury Twp. Springfield Twp. Entire county eligible Washington Twp. Warren County Southampton Twp. Portions of: Entire County except: Tabernacle Twp. Denville Twp. Phillipsburg Washington Twp. Mercer County Morris Twp. Information is also available on our web site at Westampton Twp. All of: Randolph Twp. Woodland Twp. E. Windsor Twp. Rockaway Twp. NO ELIGIBLE AREAS http://www.rd.usda.gov/nj Wrightstown Hightstown Wharton Twp. All of: Portions of: Hopewell Borough Bergen County Bordentown Twp. Pennington Essex County ~ Delran Twp. W. Windsor Twp. Hudson County Chesterfield Twp. Washington Twp Portions of: Union County Camden County Hopewell Twp. All of: Lawrence Twp. USDA is an equal opportunity provider, employer, and lender. Chesilhurst Princeton Twp. Waterford Twp.

Identify eligible areas ONLINE http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do