Programs for 2021 New Jersey first-time homebuyers
First-time home buyers in the Garden State seeking help in achieving their dreams of home ownership can turn to the New Jersey Housing and Mortgage Finance Agency.
You can get help with down payment and closing costs – and get competitive home loans with fixed interest rates.
National programs for first-time home buyers
Government assistance and loan programs aren’t the only resources you can tap into. Some municipalities offer housing assistance, especially for residents, and national funding sources should also be considered. Here are the main programs that offer low down payment and no down payment programs.
NJHMFA Highlights and Eligibility Requirements
30-year fixed rate programs.
Competitive interest rates.
Programs for buyers who are upgrading and downsizing, as well as for beginners.
NJHMFA First Home Buyers Loan Programs
Summary: 2021 NJHMFA First-Time Home Buyers Programs
Down payment assistance program for help with down payments and closing costs.
Police and Firefighter Pension Plan mortgage program for first responders.
You will find participating lenders in NJHMFA programs. It is always a good idea to seek out a lender, as loan terms and interest rates vary from lender to lender.