HOMEBUYER PROGRAM

LIVE WHERE YOU WORK - WASHINGTON TOWNSHIP
MISSION:
HOMEBUYER PROGRAM
The Live Where You Work Homebuyer Program builds
strong communities and promotes sustainable land
use by encouraging people to live close to their places
of employment.
DO YOU WORK IN WASHINGTON TOWNSHIP? YOU MAY BE ELIGIBLE!
SPONSORS:
Live Where You Work is sponsored by the New Jersey
Housing and Mortgage Finance Agency (HMFA) in
partnership with individual cities, boroughs and
towns throughout New Jersey.
ABOUT THE TOWNSHIP OF WASHINGTON:
Welcome to Washington Township, Gloucester
County’s largest Municipality. Considered a leader
for achievement in local government, education and
recreation Washington Township is home to over
50,000 residents served by six postal zip codes.
Conveniently located close to several major highways
including Interstate 295, Routes 42, 47 and 55; the
New Jersey Turnpike; and the Atlantic City Expressway,
Washington Township is a great advantage to any
type of business. The Township has one of the finest
hospitals in the county. The Kennedy Memorial Hospital
of Washington Township has recently expanded their
emergency room. They already have an outpatient
Surgical Center and their latest addition to the Hospital
Complex is the New Oncology Center. In addition there
is a 225,000 square foot Virtua Health facility and the
90 acre Turnersville Auto Complex in Washington
Township providing great employment opportunities.
In addition to wonderful employment opportunities,
Washington Township has numerous facilities
which provide services to the community such as
the Performing Arts Center (WTHS), educational facilities,
superior recreational facilities, and the beautiful
Washington Lake Park complete with an open seating
amphitheater. The Township has many quality
restaurants along with banquet/catering facilities
for every particular taste.
From accessibility, to entertainment and recreational
opportunities, there is something for everyone.
Washington Township is truly a great place to live,
work and raise a family
If you already work in Washington Township, the Live
Where You Work homebuyer program is just another
reason to make Washington Township your new
home!
637 South Clinton Avenue
Trenton, NJ 08650-2085
TEL: 609-278-7400
www.nj-hmfa.com
523 Egg Harbor Road
Sewell NJ 08080
TEL: 856-589-0520
http://twp.washington.nj.us/lwyw
This brochure was printed using recycled papers and environmentally-friendly inks.
ELIMINATE THOSE LONG COMMUTES TO WORK!
DOWN-PAYMENT AND CLOSING COST ASSISTANCE!
MORE FLEXIBLE UNDERWRITING CRITERIA!
TO LEARN MORE ABOUT
LIVE WHERE YOU WORK –
WASHINGTON TOWNSHIP
SEARCH FOR A HOME
View potential properties by
visiting these websites:*
http://twp.washington.nj.us/lwyw
VISIT US ON THE INTERNET AT
WWW.LIVEWHEREYOUWORK.NJ.GOV
OR CALL 1-800-NJHOUSE
WHAT IS WASHINGTON TOWNSHIP’S LIVE WHERE YOU
WORK PROGRAM?
Live Where You Work - Washington Township 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 Washington Township.
WHAT ARE THE BENEFITS OF WASHINGTON
TOWNSHIP’S LIVE WHERE YOU WORK PROGRAM?
MAXIMUM INCOME LIMITS FOR WASHINGTON TOWNSHIP†‡
FAMILY SIZE
CITY WIDE
1-2 person household
$85,600
3+ person household
$98,440
MAXIMUM PURCHASE PRICE LIMITS FOR WASHINGTON TOWNSHIP†
HOUSE TYPE
CITY WIDE
New 1 family
$320,625
• Downpayment and closing cost assistance
for the purchase of a home.
Existing 1 family
$320,625
Existing 2 family
$361,125
• More flexible underwriting criteria for the loan
qualification process.
Existing 3 family
$438,750
Existing 4 family
$506,250
• Low-interest mortgages for homebuyers.
• Additional savings offered by local businesses
in partnership with Washington Township.
Visit http://twp.washington.nj.us/lwyw for more
information.
A MESSAGE FROM MAYOR MATTHEW P. LYONS
“Being able to live where you work not only helps
with a short commute, but also adds to your quality
of life and enhances your sense of community.
Washington Township is a perfect place to make
that dream a reality. Employment opportunities
here range from the small local business to some
of the largest employers in the County and there
is a diverse selection of real estate available to suit
your needs, from condos, to townhomes to single
family homes. With top ranked schools, quality
recreation facilities and entertainment Washington
Township is valued by its residents for all it has to
offer.”
-Mayor Matthew P. Lyons
* Not all properties listed on these websites are located within Urban Target Areas.
† These limits are set by the federal government and are subject to change without notice. (Updated 3/31/08)
‡ Interest rates will vary depending on income. See www.livewhereyouwork.nj.gov for more information.