First-Time Homebuyer Programs in New Jersey

Statewide Programs in New Jersey

• FHLBNY Homebuyer Dream Program

  Grant · Up to $30,000

• NJCC Statewide Down Payment Assistance Program

  Grant · Up to $30,000

• NJHMFA Down Payment Assistance Program

  Forgivable Loan · Up to $15,000: $15,000 in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Union counties; $10,000 in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem, Sussex and Warren counties

• NJHMFA First Generation Down Payment Assistance

  Forgivable Loan · $7,000

• NJHMFA First-Time Homebuyer Mortgage Program

  Government-Insured Mortgage · 30-year fixed-rate FHA, VA or USDA first mortgage through NJHMFA participating lenders (rate quoted by lender); eligible for up to $15,000 NJHMFA down payment assistance

• NJHMFA HFA Advantage Mortgage Program

  Government-Insured Mortgage · Competitive 30-year fixed-rate conventional mortgage