Up to $15,000 (varies by county). 0% interest, forgiven after 5 years. Fastest forgiveness in any state.
New Jersey Housing and Mortgage Finance Agency provides up to $15,000 in DPA for first-time buyers. The assistance covers down payment and closing costs and pairs with NJHMFA's competitive first mortgage rates.
New Jersey's housing costs are among the highest in the nation — combined with the country's highest property taxes, the barriers to homeownership are steep. NJHMFA's $15,000 helps offset these costs and makes ownership viable for buyers who would otherwise remain renters in one of America's most expensive states.
2-4 family homes eligible. Buy a duplex with FHA + $15K DPA, forgiven in just 5 years.
We'll show you how to combine NJHMFA Down Payment Assistance with other programs to maximize your free money — personalized to your ZIP code and income.