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Special Purpose

An affordable homebuyer credit program that can help Middlesex County* residents 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
  • Interest Rate Discounted of 1% (Program Interest Rate Floor of 4%) 
  • Plus, qualified First-Time Homebuyers in Middlesex County may be eligible for a $4,000 grant toward closing costs

*Offer of credit is subject to income restrictions and credit approval. Program available for properties in majority/minority census tracts. 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. No PMI required. The “no income limit” applies to certain low/moderate income areas, designated by government census tracts. Eligible applicants must complete an approved home ownership 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 1-888-623-2633.