NJHMFA Down Payment Assistance Program

About This Program

Up to $15,000 forgivable loan for down payment and closing costs, plus additional $7,000 for first-generation homebuyers (total up to $22,000). No interest and no monthly payments. Forgiven after 5 years of continuous owner-occupancy. Must pair with NJHMFA first mortgage.

$15,000 base + $7,000 first-gen bonus; forgiven after 5 years

Key Details

• Up to $15,000 forgivable second loan (0% interest)
• Additional $7,000 for first-generation homebuyers
• No monthly payments; forgiven after 5 years
• Must pair with NJHMFA first mortgage
• Amount varies by county of purchase

How to Apply

Deadline: Ongoing