1st Time Home Buyer Programs Nj. The new jersey housing and mortgage finance agency s njhmfa first time homebuyer mortgage programprovides a competitive loan 30 year fixed rate government insured loan for eligible homebuyers purchasing a home in new jersey. This is not a complete list but it can serve as a starting point in your search for the down payment assistance program or grant for your situation.
Monmouth county community development first time homebuyers program hall of records annex one east main street freehold nj 07728 732 431 7490. Ready to get started. The new jersey housing and mortgage finance agency s njhmfa first time homebuyer mortgage programprovides a competitive loan 30 year fixed rate government insured loan for eligible homebuyers purchasing a home in new jersey.
Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven deferred or subsidized in some manner until resale of the mortgaged property.
The first time home buyer mortgage program can be coupled with the njhmfa down payment assistance dpa. Financial assistance is provided in the form of closing cost assistance and a matching down payment to qualified first time homebuyers as defined by the u s. Grants and specialized loan programs for first time home buyers are available in cities and counties throughout the united states. The first time homebuyer mortgage program is the foundational mortgage program that can be combined with the njhmfa down payment assistance program which provides qualified buyers with 10 000 as an interest free five year forgivable second loan with no monthly payment that can be used to cover down payment and closing costs.