New Jersey Homeownership Made Easy

Up to $22,000 in Down Payment Assistance Available!

✅ Get Pre-Approved Today – No Cost, No Obligation

Get your free mortgage consultation and explore your eligibility in minutes.

You Could Be Closer to Homeownership Than You Think

Buying your first home in New Jersey just got a whole lot easier. Thanks to the NJHMFA Down Payment Assistance Program, qualifying first-time homebuyers can receive up to $15,000—and even more if they qualify for an additional grant through the First Generation Homebuyer Program, bringing total aid to $22,000.

With the Impact Lending Team at Guaranteed Rate, we specialize in helping first-time buyers navigate this opportunity. We combine expert guidance, smart technology, and personalized service to help you take full advantage of programs like this one—so you can stop renting and start owning.

🏡 How the Program Works

What Is It?

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) created this program to help eligible buyers with upfront costs—the biggest hurdle for most first-time homebuyers.

How Much Can You Get?

$15,000 in standard NJHMFA Down Payment Assistance

+$7,000 for eligible applicants under the First Generation Homebuyer Program

That’s up to $22,000 in total support toward your down payment and/or closing costs.

Do You Have to Pay It Back?

No monthly payments, 0% interest, and fully forgivable after 5 years—as long as you remain in the home as your primary residence.

Who’s Eligible?

You must be a first-time homebuyer, defined as someone who hasn’t owned a home in the past 3 years.

Book Your Free Call

No pressure. Just expert advice and clarity about your next step.

✅ Program Highlights at a Glance

🏡 Up to $22,000 in total down payment & closing cost assistance

💵 0% interest / no monthly payments

🛑 Forgiven after 5 years of living in the home

🧾 Requires pairing with a NJHMFA first mortgage loan

📆 Must be a first-time buyer (no homeownership in last 3 years)

📍 Available statewide in New Jersey

📊 Income and purchase price limits apply by county

📍 Eligibility by County & Income Limits

NJHMFA programs are available across all of New Jersey, but income and home purchase limits vary by county.

Use the official map below to check your location:

💸 What About Interest Rates?

To receive NJHMFA down payment assistance, you must also apply for a competitive 30-year, fixed-rate first mortgage through a participating NJHMFA lender. These loans include:

FHA, VA, or USDA government-insured loans

Conventional mortgages via the NJHMFA HFA Advantage program

Rates are often below market and provide long-term stability.

🧠 Who’s a Good Fit?

This program is ideal if:

You’re a first-time buyer (or haven’t owned a home in 3+ years)

You need help covering upfront homebuying costs

You’re buying a home in New Jersey

You meet NJHMFA’s income and purchase price guidelines

You want to work with a lender who understands how to secure this funding

💼 Why Work With Us?

We’re not just NJHMFA-approved—we’re passionate about helping real families become homeowners. Our team knows this program inside and out and will walk you through every step.

And if you’re not quite ready yet, we’ve got your back with our exclusive Pivot 2 Purchase Program—a proven path to help renters and aspiring buyers fix credit, build savings, and get mortgage-ready.

🚀 Next Steps: Ready to See If You Qualify?

You don’t need perfect credit, a huge savings account, or a miracle. Just a willingness to take the first step.

📅 Schedule a Free Consultation

We’ll go over your eligibility and help you apply for the NJHMFA Program if you qualify.

📝 Documents You’ll Likely Need:

3 Years of Tax Returns

Recent Pay Stubs

Bank Statements

Government-Issued Photo ID

Credit Report (we’ll help you pull it)

We'll walk you through each step—so you’re never guessing what comes next.

🎉 Stop Renting. Start Owning. Let’s Make It Happen.

This program was built to help hardworking New Jersey families like yours. Let’s put that $22,000 to work and get you into a home you can call your own.