Downpayment Assistance Program | NJ Housing and Mortgage Finance Agency (HMFA)
637 S Clinton Ave, Trenton, NJ 08650
Eligibility
Qualified first-time homebuyers in New Jersey; Certain restrictions such as maximum household income and purchase price limits apply
Required documents
Call for document information
Hours
Varies by participating lender
call paired lender for their hours of operation
609-278-7400
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; no interest, monthly payments, or repayment required on the assistance loan if occupancy requirements are met
Service area
NJ
Provides financial assistance to help income-eligible homebuyers cover down payment and closing costs through a zero-interest, forgivable loan that is paired with a qualifying fixed-rate mortgage and supports purchase of a primary residence 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.