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Magyar Bank
Free in Google Play

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Magyar Bank
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Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

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Homebuyer Dream Program

Magyar Bank's Homeybuyer Dream Program (HDP) provides assistance to low and moderate income families looking to purchase a home in Middlesex or Somerset county. Through our partnership with the Federal Home Loan Bank of New York (FHLBNY), the HDP offers grants up to $10,000 towards down payment and closing cost assistance to eligible first-time homebuyers purchasing a home. The program is on an annual first come first served basis and homebuyers must meet the following criteria:

  • Qualify as a first time homebuyer
  • Purchase a home in New Jersey
  • Meet the household income requirements
  • Complete a HUD Certified homebuyers counseling program
  • Own and occupy the home for 5 years
  • Other eligibility requirements may apply

To learn more or see if you qualify for this program, please call Diana Braga at 732-342-7600, ext. 161.

 

 

 

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