Access the Internet Loan Reservation System (ILRS) Here 

Note: This single link will work for those working with Single Family and Low Income Housing Tax Credits.   

Policy and Procedures for Participating Lenders

Known as the "Seller's Guide" - EFFECTIVE October 20, 2023

Policy and Procedures for Participating Lenders

Known as the "Seller's Guide" - EFFECTIVE April 21, 2023

HMFA Mortgage Schedule 

• HMFA 101 MTGSCHE2.pdf 
• HMFA 101 MTGSCHe-ExampleSchedule.pdf  

General Forms and Documents 

• Renegotiation and Extension (R&E) Process and Form 

First Time Home Buyer Program Documents 

• Lender Submission Checklist  - Updated October 2023
  This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered. 
• Lender Post-Closing Submission Checklist  - Updated October 2023  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered.
• Mortgagor's Affidavit 
• Seller's Affidavit 
• Potential Recapture Tax on Sale of Home 
• Tax Exempt Financing Rider 
• Purchase Price and Income Limits Statewide Area- Effective 8/14/2023
• Purchase Price and Income Limits Urban Target Area - Effective 8/14/2023
• Lender Underwriter Review Verification Form (URV)- Updated October 2023
• Authorization to release Information-QC Form 
• HMFA 101 MTGSCHE2.pdf 
• HUD's List of New Jersey Certified Housing Counselors 

Homeward Bound Program Documents 

• Lender Submission Checklist  - Updated October 2023
  This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered.
• Lender Post-Closing Submission Checklist  - Updated October 2023
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered. 
• Homeward Bound Program Income Limits - Effective 8/14/2023
• Authorization to release Information-QC Form - Updated October 2023
• Lender Underwriter Review Verifiication Form (URV) - Updated October 2023
• HMFA 101 MTGSCHE2.pdf 
• HUD's List of New Jersey Certified Housing Counselors 

Smart Start Program Documents 

The NJHMFA Smart Start Program is the NJHMFA Down Payment Assistance (DPA) Program. It provides qualified buyers with up to $22,000 based upon the county of the purchase property and use of the First Generation Program. Lenders are now required to enter in the DPA amount on all of the Smart Start DPA documents.

The Smart Start Plus First-Generation Program is effective October 20, 2023 and will only apply to new loan reservations.  The Smart Start Plus First-Generation Program requires all borrowers to sign an affidavit, attesting to their eligibility as a first-generation buyer.

• Lender Submission Checklist – Updated October 2023
  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered. 
• DPA Disclosure - Updated October 2023
• Final Truth in Lending (TIL) Statement - Updated October 2023
• Smart Start Note - Updated October 2023
• Smart Start Mortgage - Updated October 2023
• Lender Underwriter Review Verification Form  (URV) - Updated October 2023
• First-Generation Borrower's Affidavit
• Smart Start Plus First-Generation Home Buyer Program Fact Sheet
• HUD's List of New Jersey Certified Housing Counselors 

Police & Firemen's Retirement System Loan Program Documents 

Please note all of the PFRS program documents can be found in the Internet Loan Reservation System (ILRS).

• Police & Firemen's Retirement System Post Closing Checklist - Updated January 2022
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered.
• Lender Underwriter Review Verification Form - Updated October 2023

HFA Advantage Program Documents

• Lender Submission Checklist - Updated October 2023
  This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered.  
• Lender Post-Closing Submission Checklist - Updated October 2023
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered.
• Income Limits - Effective 8/14/2023
• Lender Underwriter Review Verification Form (URV) - Updated October 2023
• Authorization to release Information-QC Form 
• HMFA 101 MTGSCHE2.pdf 
• HUD's List of New Jersey Certified Housing Counselors 

Single Family Program Highlights Tool - October 2023

New to the Site Evaluator? Learn more.

Approved Participating Lender's staff shall complete all required NJHMFA training, and any training required by any Agency authorized designee and/or vendor, prior to being authorized to originate loans. The Participating Lender must send an email to SFLenders@njhmfa.gov  to schedule training.