njhousing.gov

Welcome
New Jersey
Home Buyers!

Find Out How You Can Get Down Payment Assistance of Up To $15,000
Toward Your Home Purchase!

In Addition, First Generation Buyers Are Eligible For Another $7,000, For A Combined Total Of $22,000!

NJHMFA: Providing $15,000 in down payment and closing cost assistance
NJHMFA's Downpayment Assistance Programs

First-Time Homebuyers:
Get Up To $22,000 Toward Your Home Purchase!

NJHMFA's Down Payment Assistance Program
&
NJHMFA's First Generation Down Payment Assistance Program
:
These Interest-Free, Forgivable Funds Can Help Cover Your Down Payment and Closing Costs

NJHMFA's Mortgage Programs

NJHMFA's Mortgage Programs

New Jersey Housing and Mortgage Finance Agency's Mortgage Programs
Serve Buyers in All New Jersey Counties

NJHMFA's Down Payment Assistance Program

State-Wide Down Payment and Closing Cost Assistance for Homes
Located in New Jersey

The NJHMFA Down Payment Assistance Program (DPA) provides up to $15,000 for qualified first-time homebuyers to use as down payment and closing cost assistance when purchasing a home in New Jersey. The DPA is an interest-free, five-year forgivable second loan with no monthly payment.

To participate in this program, the DPA must be paired with an NJHMFA first mortgage loan. The first mortgage loan is a competitive 30-year, fixed-rate government-insured loan (FHA/VA/USDA) or conventional mortgage, originated through an NJHMFA participating lender. Certain restrictions such as maximum household income and purchase price limits apply. View the income and purchase price limits here.

NJHMFA's participating lenders are the best representatives to help walk you through program qualification details including income and purchase price limits, and help you complete the application process. Click here to find an NJHMFA participating lender..

NJHMFA's First Generation Down Payment Assistance Program

Additional Down Payment and Closing Cost Assistance for
Eligible First Generation Buyers

The The NJHMFA First Generation Down Payment Assistance Program provides $7,000 of down payment and closing cost assistance. This is offered in addition to the NJHMFA DPA award for first-time buyers providing a total assistance of $17,000 to $22,000. The NJHMFA First Generation Down Payment Assistance Program is for qualified first-time homebuyers who are also first-generation homebuyers. The assistance is provided as an interest-free, five-year forgivable second loan with no monthly payment.

A first-generation homebuyer is defined as a first-time homebuyer who also is either:

a. an individual:

(1) whose parents or legal guardians do not have any present ownership interest in any residential real property in any state or territory of the United States, or outside of the United States; and

(2) whose spouse, or domestic partner, and each member of whose household has not, during the 3-year period ending upon acquisition of the eligible home to be acquired using such assistance, had any present ownership interest in any residential real property used as their principal residence in any state or territory of the United States, or outside of the United States;

OR

b. an individual who has at any time been placed in foster care in the State of New Jersey.

The First Generation Down Payment Assistance Program must be paired with an?NJHMFA first mortgage loan. The first mortgage loan is a competitive 30-year, fixed-rate loan, originated through an NJHMFA participating lender. Certain restrictions such as maximum household income and purchase price limits apply. For more information, contact an NJHMFA participating lender?below.

Ready to Get Started

Fill out our Participating Lenders form to be paired with an NJHMFA lender partner!

Do I Qualify for This Program?

Are you a first-time homebuyer?
You're considered a first-time homebuyer if you have not owned a home within the previous three years.

Are you planning to purchase a home in New Jersey?
This program applies to homes to be used as a primary residence in any New Jersey county.

If you answered YES to the questions above, contact one of NJHMFA's participating lenders
and ask for an NJHMFA Down Payment Assistance Program loan today!

NJHMFA's Mortgage Programs

The New Jersey Housing and Mortgage Finance Agency's Mortgage Programs
Serve Buyers in All New Jersey Counties

NJHMFA's First-Time Homebuyer Mortgage Program is open to first-time homebuyers. It is the foundation program for all NJHMFA Down Payment Assistance Program participants.

NJHMFA's First-Time Homebuyer
Mortgage Program

This program is open to qualified first-time homebuyers and provides a 30-year, fixed-rate government insured loan (FHA/VA/USDA) or conventional mortgage. It is the required foundational program for all NJHMFA Down Payment Assistance program participants.

NJHMFA's Police and Firemen's Retirement System mortgage program is open to active members of the New Jersey Police and Firemen's Retirement System (PFRS) with one year of creditable service.

Police and Firemen's Retirement System
Mortgage Program

This program is open to active members of the New Jersey Police and Firemen's Retirement System (PFRS) with one year of creditable service who seek to buy a home (first-time buyers or trade up/trade down). 

NJHMFA's First-Time Homebuyer Mortgage Program

This program is open to qualified first-time homebuyers and provides a 30-year, fixed-rate government insured loan (FHA/VA/USDA) or conventional mortgage. It is the required foundational program for all
NJHMFA Down Payment Assistance Program participants.

Buying your first home? The New Jersey Housing and Mortgage Finance Agency's (NJHMFA) First-Time Homebuyer Mortgage Program provides qualified New Jersey first-time homebuyers with a competitive 30-year, fixed-rate government-insured loan (FHA/VA/USDA) or conventional mortgage, originated through an NJHMFA participating lender.


Do You Need Down Payment and Closing Cost Assistance? NJHMFA's First-Time Homebuyer Mortgage Program is the foundational mortgage program that can be combined with the NJHMFA Down Payment Assistance Program, to provide qualified buyers with up to $22,000 as an interest-free, five-year forgivable second loan with no monthly payment that can be used to cover down payment and closing costs. 

Do I Qualify for This Program?

Are you a first-time homebuyer?
You're considered a first-time homebuyer if you have not owned a home within the previous three years.

Are you planning to purchase a home in New Jersey?
This program applies to homes to be used as a primary residence in any New Jersey county.

If you answered YES to the questions above, contact one of NJHMFA's participating lenders and
ask for an NJHMFA First-Time Homebuyer Mortgage Program loan today!

NJHMFA's Police and Firemen's Retirement System Mortgage Program

This program is open to active members of the New Jersey Police and Firefighter Retirement System (PFRS) with one year of creditable service who seek to buy a home
(first-time buyer, trade up or trade down). 

Active members of the New Jersey Police and Firemen's Retirement System (PFRS) with one year of creditable service are eligible for this program. The interest rate is 30-year fixed. Members may buy a home as a first-time buyer, trade up or trade down. 

Do I Qualify for This Program?

Are you an active member of the New Jersey Police and Firemen's Retirement System Program with one year of creditable service? 


Is your home's purchase price below $766,550?

If you answered YES to the two questions above, contact one of NJHMFA's participating lenders 

and ask for an NJHMFA Police and Firemen's Retirement System loan today!

NJHMFA's First-Time Homebuyer Mortgage Program & Down Payment Assistance Program Participating Lenders

Lender NamePhone NumberRanked in Order of Activity
(#1 = Most Active)
Gateway Mortgage Group(856) 810-1222
Advisors Mortgage Group(732) 292-3133
NFM Lending(800) 233-0092
Cross Country Mortgage(877) 351-3400
Prosperity Home Mortgage(877) 275-1762
Guaranteed Rate, Inc.(609) 481-3651
Allied Mortgage Group(856) 782-2740
Annie Mac(866) 312-6682
Loan Depot(888) 337-6888
NJ Lenders(973) 890-000510 
Nation One Mortgage(856) 334-120011 
1st Colonial Community Bank(856) 869-325012 
MLD dba The Money Store(800) 203-550213 
CMG Mortgage Inc.(866) 659-898914 
Greentree Mortgage(888) 616-988515 
Movement Mortgage(877) 314-149916 
Primary Residential Mortgage(800) 255-279217 
First Citizens Community Bank(609) 209-380018 
Fairway Independent Mortgage(609)-448-5626 or (732)-809-859519 
New American Funding Inc.(800) 450-201020 
Meridian Bank(609) 241-702821 
Absolute Home Mortgage(973) 237-900222 
Acre Mortgage(856) 810-100023 
US Mortgage(800) 562-671524 
New Rez LLC(848) 200-170025 
Success Mortgage Partners(855) 284-221426 
Cardinal Financial Company(855) 561-494427 
NorthPointe Bank(888) 672-8562628 
Draper and Kramer(630) 268-530029 
Fulton Bank(609) 346-745130 
TAM Lending(856) 795-590031 
Lower LLC(723) 796-595932 
American Financial Network(888) 636-757333 
Jersey Mortgage Company of New Jersey(800) 342-659734 
Philadelphia Mortgage Advisors(609) 398-860035 
Wells Fargo(609) 351-623036 
FM Home Loans(888) 210-070637 
E Mortgage Management(856) 793-140038 
Guaranteed Rate Affinity(609) 481-365139 
United Mortgage Corp(732) 908-7905 or (631) 724-707040 
Citizens Bank(888) 514-230041 
Guild Mortgage(800) 283-8823 or (800) 365-444142 
Sun West Mortgage Company(800) 453-788443 
Greenway Mortgage(800) 524-109844 
Union Home Mortgage(888) 767-468445 
DHI Mortgage(512) 502-0545 or (267) 520-331646 
East Coast Capital(877) 781-778847
Prime Lending A Plains Capital Company(732) 543-720048 
Waterstone Mortgage Corp(201)-993-560049 
The Federal Savings Bank(877)-788-352050 

Police and Firemen's Retirement System Mortgage Program Participating Lenders

Lender NamePhone NumberRanked in Order of Activity
(#1 = Most Active)
Wells Fargo(866) 316-88161
Advisors Mortgage Group(732) 292-31332
NJ Lenders(732) 389-9898 x61433
Prosperity Home Mortgage LLC(609) 203-60964
Loan Depot(877) 853-35625
DHI Mortgage(856) 988-81006
Cross Country Mortgage(201) 930-03007
Valley National Bank(800) 225-58598
Guaranteed Rate(609) 481-36519
Guaranteed Rate Affinity(866) 912-420010
MLD DBA the Money Store(800) 203-550211
NFM Lending(877) 314-149912
Fairway(866) 912-420013
Greenway Mortgage Funding Group(732) 832-296714
NVR(856) 770-900815
Acre Mortgage(856) 810-100016

Need Help with the Homebuying Process?

Download Our FREE Guide for the NJ Homebuyer

Buying a house is a big step – and deciding where to live is
one of the biggest decisions you will ever make. 

The New Jersey Housing and Mortgage Finance Agency
(NJHMFA) presents The Road Home New Jersey: A Guide for the New Jersey Homebuyer, to help you navigate your
way to affordable homeownership.

The guide presents info from a number of reputable sources to provide you with the most reliable and accessible tools to enable you to make the right home purchase decision.


Download the guide today! Available as a PDF in ENGLISH and ESPAÑOL.

The Road Home New Jersey: A Guide for the NJ Homebuyer - FREE

Who is NJHMFA?

We Are The Road Home New Jersey


The New Jersey Housing and Mortgage Finance Agency (NJHMFA) is dedicated to increasing the availability of safe, decent, affordable and accessible housing for New Jersey residents.


We know that buying a home can be the single largest investment of a lifetime, and so we created The Road Home New Jersey to provide a roadmap for homebuyers to learn about the home purchase process as well as our available programs.


We are a financially self-supporting affiliate of the New Jersey Department of Community Affairs, and have helped more than 115,000 New Jersey residents become homeowners since 1967. 


We are proud to assist our residents in their homebuying journey; We are proud to be The Road Home New Jersey.

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