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State of New Jersey


Families and communities across New Jersey are facing mounting difficulties as a result of the boom in sub-prime mortgage lending.  If you are having trouble paying back your mortgage, help is available.  Do not be embarrassed.  Do not panic.  But most importantly, do not do nothing.  If you are having trouble with your mortgage payments, contact your mortgage lender.  Do not ignore your lender’s letters and phone calls.  Do not wait! Your financial future is worth a phone call.

The NJ HOPE alliance has designed this website to help you find the resources that are being used by people across the state to understand what type of mortgage they have, the terms of their loan, when the interest rate on their mortgage is going to reset and what steps they need to take to resolve their mortgage problems. 

The NJ HOPE alliance is a collaborative effort to enhance homeownership preservation in New Jersey.  Assisting New Jerseyans in achieving and maintaining the American Dream of homeownership is a shared goal among the members. 

NJ Housing & Mortgage Financing Agency's NJ Home Keeper Program
Foreclosure Assistance - HMFA
The following resources can help you navigate all stages of the mortgage process:
1. Call a counselor
  If you are unable to make new arrangements with your lender or loan servicer, you should seek help from legal counsel or from a certified credit counselor and/or licensed debt adjuster. More...

If your lender cannot help you, contact the Homeownership Preservation Foundation at 1-888-995-HOPE, a 24 hour a day, 7 day a week toll-free hotline with trained counselors to help homeowners avoid foreclosure.  When you talk to a counselor you won’t be judged and you won’t pay a dime for the advice or assistance. Call 1-888-995-HOPE or visit today.

Homeownership Preservation Foundation
2. Look into refinancing your current mortgage

As part of the NJ HOPE initiative, banks may offer a variety of borrower assistance programs such as mortgage refinance loans, closing cost assistance, waiving of private mortgage insurance requirements and credit counseling.  More...

The New Jersey Housing and Mortgage Finance Agency has developed the Mortgage Assistance Pilot (MAP) program  to provide temporary financial assistance to income-eligible homeowners who wish to remain in their homes but are in imminent danger of foreclosure due to short-term financial problems beyond their control.  For more information, call 1-800-NJ-HOUSE.

3. Anti-Predatory Lending Assistance

"Predatory lending" has become shorthand for describing a variety of lending practices that may be disadvantageous to borrowers. It can mean any type of abusive lending practice where the lender benefits through unworthiness, deceit, misrepresentation, bad faith, or dishonesty. More...

4. Find affordable housing in New Jersey

The New Jersey Housing Resource Center (NJHRC) is designed to help all New Jerseyans with their housing-related needs by providing two key services:  (1) a free online, housing information clearinghouse; and (2) a searchable registry of affordable for-rent and for-sale housing. More...

  If you have further questions, contact the NJ Department of Banking and Insurance at 609-292-7272 or 1-800-446-7467.  

OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey.
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Copyright © 2011, State of New Jersey

NJ Department of Banking and Insurance
NJ Department of Community Affairs
NJ Housing and Mortgage Finance Agency