Road to Homeownership

Deciding where to live is one of the biggest decisions you will ever make.  So, it is important to make sure that you equip yourself with the proper information to avoid the pitfalls and successfully navigate your way to your new home. 

Step 1: What can I afford?
Get started by evaluating your financial situation and setting a budget. Learn what you can afford.

Step 2: How to find an affordable property
Discuss the types of homes available to you and get some valuable house-hunting advice. Find an affordable property.

Step 3: Homebuyer counseling
Learn about the benefits of homebuyer counseling and find a course near you.

Step 4: Getting pre-qualified
This quick check will determine your eligibility for a HMFA loan and will put you in touch with an approved lender. Pre-qualify today!

Step 5: Making an offer
Discuss all aspects of the offer process, from preparation to negotiation to the agreement itself. Learn about making an offer.

Step 6: Applying for a mortgage
Learn about the various loan types available, what's expected of you and what you can expect from the mortgage application process. Find out about applying for a mortgage.

Step 7: The home inspection
Find out what you can expect during the home inspection, and discuss what to do with the information it reveals. Learn more about home inspections.

Step 8: The closing process
Learn about walk-throughs, loan closings, title transfers and everything else involved in the last step of buying a home.


Link to Newsroom New Jersey Housing and Mortgage Finance Agency