NJHMFA First-Time Homebuyer Mortgage Program

Administered by: New Jersey Housing and Mortgage Finance Agency · State · Government-Insured Mortgage

Funding status: Active

How much assistance

Competitive 30-year fixed-rate mortgage (Government-Insured Mortgage)

Eligibility

  • Income limits: Must not exceed 115% of area median income; up to 140% AMI in targeted areas
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years
  • Credit score minimum: 620
  • Geographic restrictions: Must purchase a home in New Jersey
  • Homebuyer education required: Yes

How to Apply for NJHMFA First-Time Homebuyer Mortgage Program

Step 1: Contact an NJHMFA participating lender through theroadhomenj.com. Complete HUD-approved homebuyer education. Get pre-approved and find a home in New Jersey.

Visit program website

Notes

Government-insured loan options include FHA, VA, and USDA. Must work with an NJHMFA-approved lender.

Available Statewide In