No Interest, Forgivable Home Improvement Loans Up to $22k Available for Local Homeowners

No Interest, Forgivable Home Improvement Loans Up to $22k Available for Local Homeowners.

Good news for homeowners residing in Northern New Jersey! If you are a homeowner within one of the specified towns mentioned below, and your total gross income is below the set income limit for your household size, you may be eligible for an exceptional opportunity. The opportunity is a no-cost, interest-free loan of up to $22,000 for a period of ten years, to be utilized for home improvement projects!

Residents who fall into the following municipalities could be eligible: Bernardsville, Bloomingdale, Bound Brook, Clark, Cranford, Denville, East Hanover, East Windsor, Eatontown, Fairfield, Florham Park, Freehold, Hillsdale, Holmdel, Howell, Kearny, Little Falls, Livingston, Mahwah, Manchester, Maplewood, Marlboro, Milltown, Montclair, Montvale, Montville, Mount Holly, New Brunswick, New Milford, Oakland, Old Bridge, Palmyra, Pittsgrove Township, Ridgefield, Roselle Park, Scotch Plains, South Orange Village, Spring Lake, Stafford, Totowa, Waldwick, and Woodbridge.

The program allows you to access up to $22,000 to fund various home improvement projects and necessary repairs. The funds can be utilized to refurbish or mend heating and electrical systems, components of plumbing systems, roofs, foundations, and weatherization items such as windows and insulation, among other things!

If you are a resident homeowner in any of the aforementioned towns, and your total gross income is less than the prescribed limit for your household size, you could be in line to benefit from this groundbreaking new program.

[Household Size – Maximum Income]

  1. $64,507
  2. $73,723
  3. $82,938
  4. $92,154
  5. $99,526
  6. $106,898
  7. $114,270
  8. $121,643

However, bear in mind, funding is limited, and the opportunity won’t last forever – don’t delay!

To be considered, fill out and submit a simple one-page pre-application, which can be found here. If you have further questions or need more information, please feel free to contact the Program Administrator, Community Grants Planning & Housing at 609-366-9010 or email [email protected]. Don’t miss out on this opportunity to give your home the upgrade it deserves!

Christopher Charles spent 6 years in the mortgage industry before moving into the world of digital media. He's helped thousands of families buy and refinance real estate at banks and mortgage companies and now continues that mission through industry-leading content. Chris is known for his expertise in the mortgage & real estate industry and continues to produce content all over the web.

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