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Gloucester City joins twenty-six other municipalities around the state in the Live Where You Work program. This program is a special homebuyer incentive program that provides low-interest mortgage loans to homebuyers who work in and who are looking to purchase a home in a participating municipality. Gloucester City is partnering with the New Jersey Housing and Mortgage Finance Agency (HMFA) to provide its citizen with an opportunity to take part in this program.

In addition to low-interest mortgage loans, potential homebuyers are also provided with down payment and closing cost assistance, more flexible underwriting criteria for the loan qualification process, and additional savings, which are offered by local businesses in partnership with the City of Gloucester.

Interested applicants are encouraged to attend the Live Where You Work Seminar on Thursday, March 25, 2010 at Cold Springs School beginning at 7 PM. Realtors and lenders from across the area will be in attendance to pre-qualify potential homebuyers and provide additional information on this new and exciting program.

For additional information, please contact the Gloucester City Clerk’s Office at (856)456-0205, www.cityofgloucester.org, or www.livewhereyouwork.nj.gov.

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