First-time buyers
NJHMFA down-payment assistance: what first-time buyers can get
New Jersey offers real down-payment help for first-time buyers through NJHMFA — interest-free, forgivable, and often overlooked. Here's what's available and how to qualify.
Last updated: September 2026 · Confirm current terms and county-specific limits at nj.gov/dca/hmfaFrequently asked
How much down-payment assistance is available?
NJHMFA's Down Payment Assistance Program offers up to $15,000 as an interest-free, five-year forgivable second loan with no monthly payment — the exact amount depends on the county of the property. Eligible first-generation buyers can receive an additional $7,000, for $17,000-$22,000 combined.
Who qualifies as a first-time buyer?
Generally, anyone who hasn't owned a home in the previous 3 years, purchasing a primary residence in New Jersey, subject to household income and purchase price limits that vary by county.
Do I need a specific mortgage to get this assistance?
Yes — both NJHMFA down-payment programs require pairing with an NJHMFA first mortgage (a 30-year fixed-rate FHA, VA, or USDA loan through a participating lender).