The New Jersey Housing and Mortgage Finance Agency provides a variety of programs to help prospective homebuyers purchase a home.
NOT SURE WHERE TO START?
The New Jersey HomeSeeker Program provides $16,000 for first-time homebuyers and veterans to use as downpayment and/or closing cost assistance when purchasing a home in Atlantic, Camden, Essex, Gloucester, Passaic or Union County.
The Smart Start Program provides first-time homebuyers with up to 4% of their mortgage amount to use as downpayment and/or closing cost assistance, when purchasing a home in a Smart Growth Area
Homeward Bound is open to first-time homebuyers, trade up and trade down borrowers.
For first-time homebuyers, Homeward Bound is the foundational mortgage program that can be combined with the HomeSeeker or Smart Start programs, to provide either $16,000 OR up to 4% of your mortgage amount in interest-free, forgivable funding that can be used to cover downpayment and/or closing costs.
Information about the NJHMFA's Police and Firemen's Retirement System Mortgage Program
Information about the NJHMFA's First-Time Homebuyer Program
Information about Urban Target Areas (UTAs)
The Site Evaluator is an interactive mapping tool that offers a response to Urban Target Areas, Smart Growth and program eligibility inquiries.
Here are some frequenly asked questions about the homebuying process.