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The City of Trenton has partnered with the NJ Housing and Mortgage Finance Agency (HMFA) to become the first Live Where You Work community!!
What is Live Where You Work Trenton?
Live Where You Work Trenton is a special home mortgage incentive program that provides low-interest mortgage loans to homebuyers who work in Trenton and who are looking to purchase a home in Trenton. The goal of the program is to...
(1) strengthen our neighborhoods and increase community involvement through homeownership;
(2) attract individuals who work in Trenton to also live in our City; and
(3) develop positive relationships between Trenton and members of the local business and residential communities.
As a result, homebuyers who both work and want to live in Trenton will be able to take advantage of the Live Where You Work program incentives.
What are the benefits of Live Where You Work Trenton?
The primary benefits of Live Where You Work Trenton include:
• Low-interest mortgages for homebuyers
• Downpayment and closing cost assistance for the purchase of a home
• More flexible underwriting criteria for the loan qualification process
Additional incentives are available to homebuyers buying in one of Trenton’s Urban Target Area neighborhoods. To find out if your prospective home falls within Trenton's Urban Target Area neighborhoods, please click on Target Area to confirm. The incentives include the following:
• Homebuyers do not have to be first time homebuyers
• Enhanced maximum income limits and purchase price limits
MAXIMUM INCOME LIMITS
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Location |
1-2 Family |
3+ Household |
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City wide |
$85,400 |
$98,210 |
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Urban Target Area |
$102,480 |
$119,560 |
MAXIMUM PURCHASE PRICE LIMITS
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Location |
New 1 family |
New 2 Family |
Existing 1 Family |
Existing 2 Family |
Existing 3 Family |
Existing 4 Family |
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City wide |
$395,595 |
NA |
$395,595 |
$445,563 |
$541,340 |
$624,623 |
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Urban Target Area |
$483,505 |
$544,578 |
$483,505 |
$544,578 |
$661,638 |
$763,428 |
Wells Fargo Home Mortgage is an approved lender for the LWYW program, for more information on financing options, CLICK HERE
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