HACKENSACK, NJ -- For the past 22 years, the Bergen County American Dream Program has sponsored an Annual Homebuyer Fair the first Saturday of every June (Homeownership month) that draws 300 to 400 people. This year, the 23rd Annual Bergen County Home Ownership Fair will take place on Saturday, June 8, from 9 a.m. to 1 p.m. at the Hasbrouck Heights Hilton Hotel, 650 Terrace Avenue in Hasbrouck Heights, N.J. and is free to the prospect Bergen County homeowners.
“The Home Ownership Fair is held every year to provide a one stop source of information and resources for anyone looking to purchase a new home in Bergen County,” said County Executive Tedesco. “It is an especially helpful event for first time homebuyers and low and moderate income families looking to learn the ins-and-outs of the home buying process and the services available to them.”
About 50 Exhibitors will be presenting at the Fair including local realtors, banks, mortgage companies, credit counselors, home inspectors, and other experts who are ready to answer questions ranging from how to obtain a mortgage all the way through to the steps needed to maintain and improve a new home once purchased.
Hands-on workshops will be held throughout the day with topics that include:
- “The ABCs of Home Ownership;”
- “How to Work with a Realtor” (English and Spanish);
- “The ABCs of Closing on Your New Home” (English and Spanish);
- “Getting Financially Fit for Homeownership;”
- “Home Inspection;”
- “Fair Housing Issues.”
There will also be a presentation by the New Jersey Housing and Mortgage Finance Agency, which offers Statewide affordable home ownership programs.
Representatives from the Bergen County Division of Community Development Homeownership Center will be on hand to familiarize Fair attendees with their programs that provide down payment assistance and deferred payment loans for qualified first time homebuyers and deferred payment home improvement loans for qualified home owners.
The American Dream First Time Homebuyer Program provides an interest-free, deferred payback loan and matching down payment assistance to those interested in buying their first home in Bergen County. The loan can cover up to $40,000 towards their primary mortgage. For the matching down payment assistance, the program can cover up to $10,000.