Atlantic City ~ Live where you work

What is the LWYW homebuyer program

The Live Where You Work program is a home mortgage incentive program that provides low-interest mortgage loans to homebuyers purchasing homes in towns where they are employed. The goal of LWYW is to build stronger communities by promoting homeownership and encouraging people to live closer to their jobs. This, in turn, will reduce the need for cars and increase the use of alternative transportation such as walking, biking and public transit.

Atlantic City is one of several governmental agencies throughout the state of New Jersey who have been sanctioned by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to participate in the Live Where You Work Program. This special homebuyer incentive program provides low interest 30 or 40-year fixed rate first mortgage loans to homebuyers who work in and who are looking to purchase a home in Atlantic City.

Goals of the Live Where You Work Atlantic City Program are:

  1. strengthen our neighborhoods and increase community involvement through home ownership
  2. attract individuals who work in Atlantic City to also live in our City
  3. develop positive relationships between Atlantic City and members of the local business and residential communities

 

What are the benefits of the Live Where You Work Atlantic City Program?

  1. Low-interest mortgages for first time home buyers
  2. Downpayment and closing cost assistance for the purchase of a home
  3. More flexible underwriting criteria for the loan qualification process

More Information Call Ian Lazarus  609-457-0258 , ian.lazarus@mygo2realtor.com

* Applies only to home buyers who will be purchasing in Atlantic City Urban Target Area; see Street Directory – City of Atlantic City

MAXIMUM INCOME LIMITS FOR ATLANTIC COUNTY

SMALL FAMILY
Limit 1-2
Household
80% of
Median
Income
SMALL
FAMILY
LARGE FAMILY
Limit 3+
Household
80% of
Median
Income
LARGE
FAMILY
$85,600 $68,480 $98,440 $78,752

 

MAXIMUM PURCHASE PRICE LIMITS FOR ATLANTIC CITY

FAMILY SIZE CITY WIDE URBAN TARGET AREA
New 1 family $408,357 $499,125
New 2 family NA $562,172
Existing 1 family $408,357 $499,125
Existing 2 family $459,959 $562,172
Existing 3 family $558,828 $683,013
Existing 4 family $644,802 $788,092

 

If you would like to buy a house in the town where you currently work, then LWYW might be right for you. Employees benefit from attractive mortgage rates, more flexible loan application review and underwriting criteria, and reduced commuting times to work. Municipalities benefit from having a committed workforce living nearby, and the activity and economic vibrancy that comes with people living near where they work.

Eligible Properties: Properties must be located in a participating Live
Where You Work municipality. Eligible properties include one-family units, including condominiums, (new and existing), and existing 2- to 4-family unit properties that are more than 5 years old. Some Live Where You Work municipalities include *Urban Target Areas (UTA). In Urban Target Areas eligible properties can also include new two-unit residential dwellings. Properties must be located in State designated Smart Growth locations.

More Information Call Ian Lazarus  609-457-0258 , ian.lazarus@mygo2realtor.com

1st Constitution Bank
(609) 655-4500
Acre Mortgage
(856) 810-1000
Advisor’s Mortgage Group
(732) 292-3133
Allied Mortgage Group
(856) 782-2740
American Federal Mortgage
(973) 927-0400
American United Mortgage
(908) 322-5535
Ark Mortgage Inc.
(732) 846-4646
Atlantic Stewardship Bank
(201) 444-7100
Aurora Financial Group
(856) 596-6200
Bank of America
(800) 861-5550
Boulevard Mortgage
(800) 767-5664
Cardinal Financial
(856) 235-8100
Carnegie Mtg/Grand Bank
(609) 514-3900
Cenlar FSB
(609) 883-3900
City National Bank
(973) 624-0865
Columbia Bank
(800) 962-4989
Continental Home Loans, Inc.
(800) 540-8838
Equity Source Home Loans
(732) 446-2900 x202
First Choice Bank
(866) 970-3400
First Mutual Corp.
(800) 422-7436
Funding Resources Mtg.
(973) 249-7878 x222
Gateway Funding
(866) 466-3562
Greentree Mortgage Co.
(856) 596-8440
Huntington Mortgage Co.
(908) 879-8880
ISB Mortgage Co., LLC
(973) 544-1091
Jersey Mortgage Company
(908) 276-2442
JP Morgan Chase
(732) 602-0900
866-712-8078 x53973
K. Hovnanian American Mtg.
(407) 332-6576 x2605
Lincoln Mortgage
(800) 480-0050
Magyar Bank
(732) 342-7600
MetLife Home Loans
(800) 452-0525
MLD Mortgage, Inc.
(973) 805-2000 x1238
Mountain Mortgage Corp
(908) 686-7722
Nationwide Equities Corp.
(201) 529-1401
NJHMFA
(609) 278-7555
Newfield National Bank
(856) 692-3440
Northfield Bank
(732) 499-7200×18

NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY
Approved Lender List For HMFA Program Participation

Local Phone Number
1st Time Home Buyer
100% Financing
Home Plus
Police & Fireman’s Program
Purchase/Refinance Rehab
Live Where You Work
Northern States Funding
(856) 802-1004
NVR Mortgage
(856) 770-9008

Oak Mortgage
(856) 988-8100

Ocean First Bank
(888) 623-2633
Omega Financial Services
(908) 933-0253
Payless Mortgage Corp.
(609) 838-1381
PHH Homes Loans
(609) 440-6706

PHH Mortgage Corp.
(732) 864-9415
Philadelphia Mortgage Advisors
(609) 398-8600
PrimeLending
(973) 267-0474
(609) 390-8200
(901) 944-4950
Princeton Mortgage Corp.
(800) 635-0977
Pulte Mortgage
(800) 426-8898
Real Estate Mtg. Network
(201) 968-3503
RSI Bank
(732) 587-1525

Residential Home Funding
(888) 763-3500
Skylands Bank
(908) 979-4067
Residential Home Mortgage
(908) 735-0020
Sovereign Bank
(877) 729-4801
Sun Home Loans
(856) 833-9080
Superior Mortgage
(888) 562-6480 x210
Susquehanna Bank
(856) 983-4000
The Bank
(856) 686-6809

Trident Mortgage
(609) 799-5987 x167
Valley National Bank
(888) 235-4980
Vision Mortgage Capital
(856) 779-8890
Weichert Financial Services
(973) 490-8089
Wells Fargo
(866) 316-8816 Ext. 5430

CITY OF ATLANTIC CITY STREET DIRECTORY – ELIGIBLE NEIGHBORHOOD Street House Nos. Street House Nos Revised 6/27/03 Corrected 1/22/09

Absecon Blvd. 300-499, 533-698, 800-999 Adams Place 1-99,1900-1999 Adelphia Avenue 100-199 Adriatic Avenue 1-1699 Albany Avenue, North 200-899 Albany Avenue, South 1-199 Albion Place, South 100-199 Aliantro Place 2400-2499 Annapolis Avenue North 300-699 Annapolis Avenue South 1-199 Artic Avenue 1014-2599 Arkansas Avenue North 1-599 Arkansas Avenue South 1-198 Atlantic Avenue 100-2599, 3000-4099 Atlantic Brigantine Blvd. 1300-1899 Atlantic City Expressway 13-99 Auburn Terrace 2400-2499 Augustine Road 700-799 Bacharach Blvd. 1200-1899 Bader Avenue 100-399 Baltic Avenue 100-1999 Baratta Terrace 1-99 Barkentine Court 1-99 Barlett Street, North 300-398 Barrett Avenue 500-599 Bay Street 100-499 Beach Avenue 300-899 Belfield Avenue 1500-1599 Bella Terrace 600-798 Belle Haven Court 2-99 Bellevue Avenue North 1-99 Bellevue Avenue South 1-199 Belmont Avenue 100-199 Belmont Terrace 1200-1299 Bishop Richard Allen Ave. 1700-1899 Blake Street 1-99 Boardwalk 97-4097 Bodyes Row 2300-2399 Born Terrace 1-99 Boston Avenue South 1-199

Brigantine Blvd. 1000-1199

Brighton Avenue South 1-199

Brighton Place 1-99

Brooklyn Avenue 1-99

C Morris Cain Place 1500-1599

California Avenue South 1-199 Calloway Place 500-599 Camarotta Place 2500-2599 Canal Street 200-399 Caravel Court 1-99 Carolyn Terrace 600-799 Carson Avenue 400-699 Caspian Avenue 1-1599 Centennial Avenue 2500-2599 Center Street 300-327 Central Avenue 1310-1499 Chalfonte Avenue North 200-299 Chalfonte Avenue South 1-199 Charles Court 1-99 Chelsea Avenue South 1-199 Chelsea Terrace 1-99 Chelsea Parkway 3600-3699 City Avenue 1100-1199 City Place 1600-1699 Clinton Avenue 100-199,800-899 Clipper Court 1-99 Colonial Court 1-99 Columbia Place 100-199 Commodore Avenue 1100-1199 Congress Avenue North 1-299 Congress Avenue South 1-299 Connecticut Avenue North 1-699 Connecticut Avenue South 1-299 Crossan Avenue 3700-4399 Delaware Avenue North 1-699 Delaware Avenue South 100-199 Delta Avenue 400-499 Dewey Place 100-199 Disston Avenue 100-199 Dover Avenue North 300-699

Dover Avenue South 1-199 Street House Nos. Street House Nos. Revised 6/27/03 Corrected 1/22/09

Dr. MLK Blvd. North 1-499 Dr. MLK Blvd. South 1-199 Drexel Avenue 100-1599 Drexel Court 300-399, 1100-1199 Drexel Place 1600-1699 Drexel Terrace 100-199 Duke Lane 500-599 Elberon Avenue North 300-799 Elberon Avenue South 1-199 End Ave West 3700-4399 Esmond Place 1-99 Euclid Avenue 100-199 Evelyn Court 1-99 Fairmount Avenue 2100-2599 Fairmont Terrace 1-99 Filbert Avenue 3700-4299 Fleming Avenue North 1-99 Fleming Avenue South 1-99 Florence Street 300-399 Florida Avenue North 1-399 Florida Avenue South 5-199 Flower Avenue 3700-3799 Folsom Avenue 100-199 Franklin Street 200-399 French Street 300-399 Galleon Court 1-99 Garden Pier 1-99 Garfield Avenue 1800-1999 George Street 300-398 Georgia Terrace 1-99 Georgia Avenue North 1-520 Georgia Avenue South 1-99 Gordon Lane 1-99 Graff Lane 500-599 Grafton Avenue 200-299 Grammercy Avenue 600-999 Grammercy Place 100-599 Haddon Avenue 1-99 Haddon Avenue North 400-599 Hann Place 1-99 Harbor Road 300-599

Harlem Terrace 1500-1599

Harris Place 600-799

Harrisburg Avenue North 300-799 Harrisburg Avenue South 1-99 Hartford Avenue South 1-199 Hobart Avenue 300-499 Hobson Street 1500-1599 Horace Avenue 1700-1799 Houston Avenue 100-199 Huron Avenue 300-399, 556-1297 Hygeia Avenue 300-399 Illinois Place 1600-1699 Independence Avenue 200-399 Indiana Avenue North 1-499 Indiana Avenue South 1-199 Inlet Avenue 100-199 Iowa Avenue South 1-199 Irving Avenue 1-99 Island Avenue 2400-2499 Italy Terrace 1-99 Kentucky Avenue North 142-559 Kentucky Avenue South 1-299 Kilcourse Terrace 2000-2099 Lawn Place 1-99 Leeds Place 1-99 Leopold Terrace 2300-2399 Lexington Avenue 600-899 Liberty Avenue 100-199 Liberty Terrace 1-99 Lighthouse Lane 1-99 Lincoln Terrace 1-99 Lincoln Place South 100-199 Madison Terrace 100-199 Magellan Avenue 500-1399 Maine Avenue North 1-599 Maine Avenue South 1-99 Mansion Avenue North 1-199 Mansion Avenue South 1-99 Marrion Terrace 1-99 Maryland Avenue North 1-699 Maryland AvenueSouth 1-199 Street House Nos. Street House Nos. Revised 6/27/03 Corrected 1/22/09

Massachusetts Avenue North 1-899, 1599-1642 Massachusetts Avenue South 29-299 McKinley Avenue 1200-1399 Mediterranean Avenue 600-1899, 2200-2399 Melrose Avenue 1-699 Memorial Avenue 1300-1499 Metropolitan Avenue South 1-299 Michigan Avenue North 1-499 Michigan Avenue South 1-199 Michigan Gardens 1-99 Mississippi Avenue North 1-1599 Mississippi Avenue South 1-199 Missouri Avenue North 1-1499 Missouri Avenue South 1-199 Missouri Place 1920-2299 Molock Terrace 300-399 Monterey Avenue 2600-2799 Montpelier Avenue South 1-199 Morris Avenue South 1-199 Mt. Vernon Avenue North 1-99 Mount Vernon Avenue South 1-199 Nevada Avenue 200-299 New Brigantine Blvd. 1600-1899 New Gretna Avenue 1300-1399 New Hampshire Ave. North 100-899 New Hampshire Ave. South 1-298 New Jersey Avenue North 1-699 New Jersey Avenue South 1-299 New York Avenue North 1-599 New York Avenue South 1-299 North Drive 4200-4399 N. Carolina Avenue North 1-799, 900-999 N. Carolina Avenue South 1-299 Ocean Avenue North 300-499 Ocean Avenue South 100-299 Ocean Terrace 300-399 Ocean Way 2041-2099 Oceanic Terrace 1-99 Ohio Avenue North 1-221 Ohio Avenue South 1-199 Oriental Avenue 100-699

Pacific Avenue 100-3699

Park Place 100-199

Parker Avenue South 1-99 Parker Terrace 500-599 Parkside Avenue 200-399 Pearl Place 700-799 Penn Street 200-399 Pennsylvania Avenue North 1-899 Pennsylvania Avenue South 101-199 Pitney Avenue 200-399 Pocono Terrace 800-899 Porter Avenue 3700-4299 Presbyterian Ave North 100-199 Providence Avenue South 1-199 Raleigh Avenue North 300-699 Reading Avenue 1100-1199 Rev. Dr Isaacs Coles Plaza 100-199 Rhea Avenue 700-799 Rhode Island Avenue North 1-999 Rhode Island Avenue South 1-299 Richmond Avenue North 300-599 Richmond Avenue 600-699 Rider Avenue 1000-1099 Ridgeway Avenue 100-199 Ridgeway Road 400-499 Robinson Avenue 300-499 Roosevelt Place 100-199 Rosemont Place 200-499 Royal Avenue 600-699 Saint James Place 100-299 Saint Katherine Place N 1-99 Saint Katherine Place S 1-99 Schooner Court 1-99 Seaside Avenue 100-299 Sewell Avenue 200-1199 Sherman Place 1-99 Shinn Terrace 100-199 Sloop Court 1-99 South Blvd. 3700-4399 South Carolina Avenue N 1-699 South Carolina Avenue S 1-299 Sovereign Avenue South 1-199 Spray Avenue South 1-99 Street House Nos. Street House Nos. Revised 6/27/03 Corrected 1/22/09

Spring Lane 500-599 Starley Court 1-99 States Avenue South 1-199 Stenton Place South 1-99 Stewart Avenue 4100-4399 Stroudsburg Avenue 200-399 Sunset Avenue 2400-2899 Syracusa Terrace 1-2398 Taylor Avenue 1-99 Tennessee Avenue North 1-599, 800-999 Tennessee Avenue South 1-299 Texas Avenue North 100-125 Texas Avenue South 1-199 Texas Court 1-2699 Thompson Avenue 1-99 Tindaro Terrace 2500-2599 Tomlin Avenue 200-399 Trenton Avenue North 300-699 Trenton Avenue South 1-99 Trenton Terrace 1-99 Trenwith Terrace 2400-2499 Trinity Avenue 400-499 Turner Place 1-99 Turnpike North 200-299 Van Nest Place 1701-1898 Van Rennslear 4000-4099 Ventnor Avenue 3700-3799, 3920-4099 Vermont Ave, North 1-699 Vermont Avenue South 1-299 Vermont Terrace 100-199 Victoria Avenue South 200-299 Virginia Avenue North 1-899 Virginia Avenue South 1-199 Wabash Avenue 500-1099, 1400-1599 Wabash Place 1500-1599 Warrena Road 400-799 Washington Square Court 300-399, 1309-1327 West End Avenue 4400-4799 Westcoat Place 902-904

Westminister Avenue South 100-199

Westminister Place North 400-599,

1500-1599 Westminister Place South 100-199 Wilclaire Place 500-599 Willis Avenue 300-399 Willow Avenue 100-199 Wilson Avenue South 100-199 Windjammer Court 1-99 Windsor Road 400-499 Wistar Place 400-599 Wisteria Road 400-799

 

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