New Jersey · Forgivable loan

NJHMFA First Generation DPA

$7,000

Additional $7,000 on top of standard DPA for first-generation buyers. Total up to $22,000.

NJHMFA's first-generation homebuyer program provides enhanced DPA for buyers whose parents don't own property. The program targets the generational wealth gap in one of America's most expensive states.

Amount$7,000
TypeForgivable loan
Available inNew Jersey
First-time buyer requiredYes
Minimum credit score620
Multi-unit eligibleYes — 1-4 units

House-hack eligible

Stack with NJHMFA DPA for $22K total. First-gen = parents never owned a home.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down
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NACA Program $0 down + $0 closing + $0 PMI + below-market rate
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NJHMFA Down Payment Assistance $15,000
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NJHMFA HFA Advantage 97% financing + affordable MI + DPA eligible
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NJHMFA Police & Fire Retirement Up to $766,550 at competitive rate
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All New Jersey programs →

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