Homeward Bound Homebuyer Mortgage Program | NJ Housing and Mortgage Finance Agency (HMFA)
637 S Clinton Ave, Trenton, NJ 08650
Eligibility
Requires applicants to purchase and occupy a home in New Jersey as a primary residence, meet income limits not exceeding approximately 140% of area median income, satisfy credit and debt-to-income requirements, and qualify as first-time homebuyers unless purchasing in a designated target area or meeting veteran criteria within the service area
Required documents
Varies, call for information
Hours
Varies by participating lender
call paired lender for their hours of operation
800-654-6873
Voice·
Main Phone
Application process
Visit the website and fill out the "Participating lender form" to be paired with an NJHMFA lending partner.
Fees
Requires standard mortgage-related costs; loan interest rates vary by lender
Service area
NJ
Provides competitive fixed-rate mortgage financing to help income-eligible homebuyers purchase a primary residence through a 30-year government-insured loan that can be paired with down payment assistance to improve housing affordability in New Jersey.
What's Here
Providing organization
NJ Housing and Mortgage Finance Agency (HMFA)
Funds affordable home ownership and housing opportunities for New Jersey residents, including programs for first-time home buyers. It promotes the construction and rehabilitation of rental housing and enhances the quality of life for older adults, the disabled, and those with special housing needs. Additionally, it utilizes federal and state funds to provide housing counseling services.