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Special Purpose

An affordable homebuyer credit program that can help you realize the dream of owning a home.


Request an appointment or contact a Residential Loan Officer at 888-623-2633 x27215 to learn more.

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Enjoy These Great Benefits!

  • Significant Savings with Low Down Payments
  • No Private Mortgage Insurance (PMI) Required
  • No Additional Fees Based on Credit Scores
  • No Income Limit in Certain Geographic Areas
  • Rate Discount of 1%
  • Plus, qualified Homebuyers may be eligible for a $6,000 grant toward closing costs

*Offer of credit is subject to income restrictions and credit approval. Eligible properties include 1- to 4-unit properties (down payment may increase with 2+ units), Fannie Mae/Freddie Mac-eligible condominiums, and planned unit developments (PUDs). Minimum of 3% down payment for purchase of a primary residence. Rate/ Term refinances up to 90% loan-to-value on primary residences; no PMI required. The “no income limit” applies to certain low/moderate income areas, designated by government census tracts. 1% discount on rates at 4% APR or above. Eligible applicants Eligible applicants must complete an approved homeownership course.

Member FDIC. Equal Housing Lender.

Qualified First Time Home Buyers may be eligible for a $2,000 grant toward closing costs

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For more information about OceanFirst products and services, please e-mail us your questions, visit your local branch, or give us a call at 1-888-623-2698.