LWYW Program



The City of Paterson  is one of several governmental agencies throughout the state of New Jersey who have been selected by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to participate in the Live Where You Work Program. This special homebuyer incentive program provides low interest 30 or 40-year fixed rate first mortgage loans to homebuyers who work in and who are looking to purchase a home in the City of Paterson.

Goals of the Live Where You Work City of Paterson  Program are:

  1. Strengthen our neighborhoods and increase community involvement through home ownership
  2. Attract individuals who work in the City of Paterson to also live in our City
  3. Develop positive relationships between the City of Paterson and members of the local business and residential communities

What are the benefits of the Live Where You Work City of Paterson Program?

  1. Low-interest mortgages for first time home buyers
  2. Downpayment and closing cost assistance for the purchase of a home
  3. More flexible underwriting criteria for the loan qualification process

Where are properties located for sale in the City of Paterson?

Please feel free to visit the NJHMFA's Housing Resource Center. You may also find local properties listed at REALTOR.com or contact your local realtor.

How do home buyers apply for a loan?

Contact 1-800-NJHOUSE, a lender from the list below, or another NJHMFA Live Where You Work program approved lender. NJHMFA Approved Lender List

Click here to view the NJHMFA Approved Lender List

Appearance of a lender on this list does not constitute an endorsement by the City of Paterson of the lender or its practices or the guarantee of loan approval. Lenders in the LWYW program have met the NJHMFA approved participating lender eligibility criteria. Interest rates, origination fees and guidelines are set by the NJHMFA. The NJHMFA is an agency of the State of New Jersey whose activities are governed by Statute under the direction of a Board of State Officers and appointed private individuals. The New Jersey Attorney General is a Board member and is counsel to the NJHMFA. Participating lenders may charge borrowers an application fee in accordance with the NJHMFA program guidelines. Loan origination fees are paid to the lenders by the NJHMFA. If you are interested in learning more about the Live Where You Work mortgage program, please call 1-800-NJHOUSE or visit the LWYW site.

Contact Us

City of Paterson, NJ

155 Market St
Paterson, NJ 07505
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  • Phone: (973) 321-1600
  • Staff Directory