Qualified First-Time Homebuyers and Urban Target Area buyers can receive below-market interest rate financing for the purchase and rehabilitation of a home, or the rehabilitation of a presently owned home.

Seventy-five percent of the home's existing external walls and interior structural framework must remain in place as part of the rehabilitation. Must meet FHA 203(K) requirements. Please see the latest income and purchase price limits.

• Purchase Price and Income Limits - Statewide (21k PDF)
• Purchase Price and Income Limits - Urban Target Area (22k PDF)

Further detail is available on our Purchase/Rehab and Refi/Rehab Mortgage Program Fact Sheet (16k PDF) or call 1-800-NJ-HOUSE.