New Jersey · Subsidized loan

NJHMFA HFA Advantage

97% financing + affordable MI + DPA eligible

Conventional loan with 97% financing and affordable mortgage insurance. Pairs with NJHMFA DPA.

NJHMFA's HFA Advantage program provides reduced mortgage insurance rates through a partnership with Freddie Mac. Lower MI costs reduce monthly payments, improving affordability in New Jersey's high-cost market.

Amount97% financing + affordable MI + DPA eligible

TypeSubsidized loan

Available inNew Jersey

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleSingle-family only

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