About the Sandy Homebuyer Assistance Program

As of September 30, 2013, the Sandy Homebuyer Assistance Program is no longer accepting pre-applications. Applications received through September 30, 2013 will continue to be processed on a first-come, first-serve basis.

The Sandy Homebuyer Assistance program is a forgivable, interest free loan program that provides financial incentive for homebuyers – including creating first-time buyers from renters – to purchase a home. Buyers participating in the program would identify a property they want to purchase, obtain a first mortgage from a traditional source, and if qualified, would get a state funded second mortgage of up to $50,000 which would require no monthly payments.

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