Access the Internet Loan Reservation System (ILRS) Here 

Note: This single link will work for those working with Single Family and Low Income Housing Tax Credits.   

Policy and Procedures for Participating Lenders

Known as the "Seller's Guide" - EFFECTIVE January 24, 2022

HMFA Mortgage Schedule 

• HMFA 101 MTGSCHE2.pdf 
• HMFA 101 MTGSCHe-ExampleSchedule.pdf  

General Forms and Documents 

• Renegotiation and Extension (R&E) Process and Form 

Truth-in-Lending Statements 

The Initial Truth-in-Lending (TIL) Statement used to disclose the Down Payment Assistance Program (DPA) has been renamed the NJHMFA Down Payment Assistance Disclosure.  This document is available for use now, but will be required for all loans originated on or after July 1, 2021.  This change in name will not impact the timing requirements associated with DPA disclosure. Lenders are still required to use this document to disclose the DPA simultaneously with the initial Loan Estimate.  The Final Truth-In-Lending (TIL) is still required to disclose the DPA simultaneously with the Final Loan Estimate  (LE) and Closing Disclosure (CD) documents.

• NJHMFA DPA Disclosure
• Final Truth-in-Lending Statement  
• Truth-in-Lending FAQs  

DPA Loans Originated Prior to July 1, 2021: If you have begun the transaction by issuing an Initial TIL you must continue to use this document throughout the lending  process. These documents will continue to be available in the NJHMFA Lender Portal.

First Time Home Buyer Program Documents 

• New Underwriting Submission Checklist  - Updated January 2022
  This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered.  
• First-Time Home Buyer Program Closed Loan Submission Checklist  - Updated January 2022
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered. 
• Mortgagor's Affidavit 
• Seller's Affidavit 
• Potential Recapture Tax on Sale of Home 
• Tax Exempt Financing Rider 
• Purchase Price and Income Limits Statewide Area 
• Purchase Price and Income Limits Urban Target Area 
• Underwriter Review Sign-Off Form 
• Authorization to release Information-QC Form 
• HMFA 101 MTGSCHE2.pdf 
• HUD's List of New Jersey Certified Housing Counselors 

Homeward Bound Program Documents 

• New Underwriting Submission Checklist  - Updated January 2022
  This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered.
• Homeward Bound Program Closed Loan Checklist  - Updated January 2022
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered. 
• Homeward Bound Program Check List Definitions 
  This checklist contains details of the documents required for purchase review. 
• Homeward Bound Program Income Limits 
• Authorization to release Information-QC Form 
• HMFA 101 MTGSCHE2.pdf 
• HUD's List of New Jersey Certified Housing Counselors 

Smart Start Program Documents 

The Smart Start Program is the single NJHMFA DPA Program, available Statewide to eligible applicants. The Smart Start DPA does not require the signing of the Dodd-Frank disclosure.

• New Underwriting Submission Checklist – Updated January 2022
   This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered.  
• DPA Closed Loan Submission Checklist 
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely processing. 
• Smart Start Note 
• Smart Start Mortgage 
• Smart Start Mortgage (Updated version required for use 7/1/21)
• Underwriter Review Sign-Off Form  
• HUD's List of New Jersey Certified Housing Counselors 
• NJHMFA Down Payment Assistance Disclosure - Updated June 2021
• Final Truth-in-Lending Statement 
  
  The Initial Truth-in-Lending (TIL) Statement used to disclose the Down Payment Assistance Program (DPA) has been renamed the NJHMFA Down Payment Assistance Disclosure.  Loans originated on or after July 1, 2021 require the NJHMFA Down Payment Assistance Disclosure to disclose the DPA simultaneously with the initial Loan Estimate.  The Final Truth-in-Lending (TIL) Statement or an Agency approved lender version is required to disclose the DPA simultaneously with the final Loan Estimate.

Police & Firemen's Retirement System Loan Program Documents 

Please note all of the PFRS program documents can be found in the Internet Loan Reservation System (ILRS).

• Police & Firemen's Retirement System Post Closing Checklist - Updated January 2022
  This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered. 
• Underwriter Review Sign-Off Form 
• HMFA 101 MTGSCHE2.pdf 

HFA Advantage Program Documents

New Underwriting Submission Checklist  - Updated January 2022
This checklist will replace all previously used underwriting submission checklists.  Please carefully follow the instructions provided within each document to ensure timely preclosing review of the loans delivered.  
HFA Advantage Closed Loan Submission Checklist - Updated January 2022
This checklist and the documents listed therein should be furnished simultaneously with the documentation required for purchase review. Please carefully follow the instructions provided within each document to ensure timely purchase of the loans delivered.
Income Limits
Underwriter Review Sign-Off Form 
Authorization to release Information-QC Form 
HMFA 101 MTGSCHE2.pdf 
HUD's List of New Jersey Certified Housing Counselors 

Access the Site Evaluator Tool

New to the Site Evaluator? Learn more.

Approved Participating Lender's staff shall complete all required NJHMFA training, and any training required by any Agency authorized designee and/or vendor, prior to being authorized to originate loans. The Participating Lender must send an email to SFLenders@njhmfa.gov  to schedule training.