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	Home > Homebuyers > Homeownership Programs



		Purchase Price and Income Limits

		First-Time Homebuyer

		Smart Start

		Live Where You Work (LWYW)

		Police and Firemen's Retirement System (PFRS) Mortgage Program

		________

		100% Financing

		Purchase/Rehab and Refi/Rehab Mortgage Program

		Home Plus

		HOPE Program

Homeownership for the Developmentally Disabled

Homeownership for Adopting Families

The New Jersey Housing and Mortgage Finance Agency provides a variety of programs to help prospective homebuyers purchase a home. For information about these programs, please select from the menu items on the right.

In addition, there are other items on the left, under Homebuyers, which may be of interest to you.

First-Time Homebuyer Program

First-Time Homebuyer Interest Rate - 4.25% with 0 points - 30 years!

A below-market, fixed interest rate is offered to first-time homebuyers and urban area buyers. Downpayments of as little as three percent are required and must come from the borrower's own assets. Loans are 30-year fixed rate. Certain closing costs can be gifted by family members, non-profit organizations or government agencies. Debt-to-income ratios are as high as 33 percent (housing debt, i.e., mortgage, taxes, insurance) and up to 38 percent (total monthly debt load).




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New Jersey Housing and Mortgage Finance Agency 637 South Clinton Avenue P.O. Box 18550 Trenton, NJ 08650 609-278-7400 Copyright © State of New Jersey, 2007