$10,000 First-time Home Buyer Program Available

Great news!  This is just what we need in South Jersey.   

The NJHMFA state-wide Down Payment Assistance Program (DPA) provides $10,000 for qualified first-time homebuyers to use as down payment and closing cost assistance when purchasing a home in New Jersey. The DPA is an interest-free, five-year forgivable second loan with no monthly payment.

To participate in this program, the DPA must be paired with an NJHMFA first mortgage loan. The first mortgage loan is a competitive 30-year, fixed-rate government-insured loan, originated through an NJHMFA participating lender. Certain restrictions such as maximum household income and purchase price limits apply. For more information, contact an NJHMFA participating lender.

Do I Qualify for This Program?

• Are you a first-time homebuyer with a credit score of 620 or greater?
• You're considered a first-time homebuyer if you have not owned a home within the previous three years.
• Are you planning to purchase a home in New Jersey?

This program applies to homes to be used as a primary residence in any New Jersey county.

​Ready to Get Started?