02/16/2026
Important Notice for NJ First Time Homebuyers!
Key First-Time Homebuyer Assistance Programs in NJ
NJHMFA Down Payment Assistance (DPA): Provides up to $15,000 for down payment and closing costs, which is forgiven after 5 years if the buyer remains in the home.
First Generation Homebuyer Program: Provides an additional $7,000 in assistance for first-generation buyers, which can be combined with the DPA for up to $22,000 total.
NJHMFA First-Time Homebuyer Mortgage: Offers 30-year fixed-rate mortgages (FHA, VA, USDA) for eligible, low-to-moderate-income buyers.
Local Assistance Programs: Municipalities may have specific income-based, first-time homebuyer programs (e.g., $68,500 - $129,100 income limits).