New Jersey first time home buyer grants and loan programs - The New Jersey Housing and Mortgage Finance Agency (HMFA) offers programs for first time home buyers.
The HMFA program offers qualified first time home buyers and urban "targeted" area buyers below market interest rate financing for the purchase and rehabilitation of a home, or the rehabilitation of a presently owned home. (Seventy-five percent of the home's existing external walls and interior structural framework must remain in place as part of the rehabilitation.)
Eligible applicants must meet FHA 203(k) financing requirements. The program has home buyer income and purchase price limits.
To see if you qualify for these programs, go to the HMFA website or call 1-800-NJ-HOUSE.