See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated March 29, 2026
Homebuyer Programs in Cherry Hill, NJ (2026)
Cherry Hill is a well-established suburban township in Camden County, New Jersey, located just east of Philadelphia with a median home price around $480,000. While Cherry Hill does not operate its own city-level down payment assistance program, buyers here benefit from a strong county program and multiple state options. The Camden County First-Time Homebuyer Program offers up to $25,000 as a forgivable loan for qualifying buyers purchasing anywhere in Camden County. At the state level, the NJHMFA Down Payment Assistance Program provides up to $15,000, with an additional $7,000 available for first-generation buyers, and the NJCC Statewide DPA can provide up to $30,000. By combining the county and state programs, Cherry Hill buyers could potentially access over $50,000 in total assistance toward their home purchase.
County Programs in Camden County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Camden County First-Time Homebuyer Program | Forgivable Loan | Up to $25,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $25,000
- First-time only:
- Yes
State Programs in New Jersey
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLBNY Homebuyer Dream Program | Grant | Up to $30,000 | Yes | View → |
| NJCC Statewide Down Payment Assistance Program | Grant | Up to $30,000 | Yes | View → |
| 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 | Yes | View → |
| NJHMFA First Generation Down Payment Assistance | Forgivable Loan | $7,000 | Yes | View → |
| 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 | Yes | View → |
| NJHMFA HFA Advantage Mortgage Program | Government-Insured Mortgage | Competitive 30-year fixed-rate conventional mortgage | No | View → |
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- 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
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- $7,000
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- 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
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Competitive 30-year fixed-rate conventional mortgage
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Camden County Habitat for Humanity Homeownership Program | Zero-Interest Loan | — | No | View → |
- Type:
- Zero-Interest Loan
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. The Camden County First-Time Homebuyer Program requires low to moderate household income based on HUD guidelines, and you must not have owned a home in the past three years. State programs have their own income limits, generally up to 140% of Area Median Income for NJHMFA programs.
Step 2: Complete homebuyer education. You must complete a homebuyer training course from a HUD-approved counseling agency. New Jersey Citizen Action has an office at 1040 Kings Highway, Suite 308, Cherry Hill, NJ 08002 and offers free HUD-certified first-time homebuyer counseling.
Step 3: Contact Camden County Community Development. Reach the First Time Home Buyer Assistance Program at 856-751-2242 or email FTHBP@camdencounty.com to begin your application for the county program.
Step 4: Get pre-approved for a mortgage. Work with an NJHMFA-approved lender to access state-level down payment assistance of up to $15,000 (or $22,000 for first-generation buyers). A pre-approval letter is required for most DPA applications.
Step 5: Find a home within program guidelines. The Camden County program requires the property to be located within Camden County and used as your primary residence. Maximum purchase prices are set annually by the county.
Step 6: Submit your applications and close. Once under contract, submit your DPA applications with required documentation. The county program provides between $1,000 and $25,000 depending on demonstrated need. Allow adequate processing time and apply early in your home search.
Frequently Asked Questions
How much down payment assistance can I get in Cherry Hill?+−
Do I have to be a first-time homebuyer to qualify?+−
What is the maximum home price I can pay in Cherry Hill?+−
What homebuyer education is required?+−
How does the Camden County forgivable loan work?+−
What are the estimated closing costs in Cherry Hill?+−
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